Nyrstar shareholders file petition for interim measures while Antwerp investigates forgery claims
Euronext Brussels-listed base metals miner Nyrstar has advised that certain shareholders filed a petition for interim measures with the Antwerp Enterprise Court on June 26.
The claimant shareholders are requesting the court to appoint a provisional administrator to the company for a period of 12 months or until a decision with res judicata effect is rendered in the proceedings.
Nyrstar was placed under suspicion of alleged forgery, the use of false annual accounts and the misuse of corporate assets by the examining magistrate's office in Antwerp on June 8.
Nyrstar owns one of the world’s largest multi-metal smelters processing lead, silver, zinc fume and copper matte, in South Australia. The company also has a zinc smelting operation close to its headquarters in the Netherlands, and a historic zinc refining plant in France.
The claimant shareholders want a provisional administrator to take over all tasks of management and administration in the broadest sense, both active and passive, including the signing authority of a director and therefore carry out all acts of management in the interest of the company.
The administrator should also be tasked to determine Nyrstar's position in pending and any new legal proceedings, as well as to bring any necessary criminal or civil claims in the name and on behalf of the company.
In subordinate order, the claimant shareholders also request the appointment of an ad-hoc trustee within the company for a period of 12 months with possibility of extension, with full authority to conduct the legal proceedings on behalf of the company, particularly to determine Nyrstar's position in pending and future proceedings, including the pending Antwerp criminal investigation.
Nyrstar continues to contest the allegations of another group of shareholders where the claim stemmed from, including their request that the company be ordered to pay the costs of the proceedings.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation


















