Umicore to Retain 5.25% Stake in Nyrstar |
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Umicore
3950 S. Clinton Ave.
South Plainfield, NJ, 07080
USA
Press release date: December 4, 2007
Greenshoe option relating to Nyrstar IPO not exercised
At the time of the initial public offering (IPO) of Nyrstar in October, Umicore and Zinifex (the "Selling Shareholders") granted the underwriters of the IPO an option (the "Greenshoe Option") to purchase at the offer price (20 per share) up to 13,043,478 additional existing ordinary shares of Nyrstar to cover over-allotments. This represented 13.04% of the shares of Nyrstar.
This Greenshoe Option has not been exercised. As a result Umicore and Zinifex will retain stakes in Nyrstar of 5.25% and 7.79% respectively. Umicore and Zinifex have agreed (subject to customary exceptions) to a 360 day lock-up period from the commencement of conditional trading (29 October 2007) of these shareholdings. Umicore's shareholding in Nyrstar will be classified as a financial investment held for sale.
Umicore profile
Umicore is a materials technology group. Its activities are centred on four business areas: Advanced Materials, Precious Metals Products and Catalysts, Precious Metals Services and Zinc Specialties. Each business area is divided into market-focused business units.
Umicore focuses on application areas where it knows its expertise in materials science, chemistry and metallurgy can make a real difference, be it in products that are essential to everyday life or those at the cutting edge of new technological developments. Umicore's overriding goal of sustainable value creation is based on this ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life.
The Umicore Group has industrial operations on all continents and serves a global customer base; it generated a turnover of 8.2 billion ( 1.7 billion excluding metal) in 2006 and currently employs some 14,000 people.
For more information
Investor Relations: Mr. Tim WEEKES +32 2 227 73 98 tim.weekes@umicore.com
Mr. Geoffroy RASKIN +32 2 227 71 47 geoffroy.raskin@umicore.com
Media: Mr. Bart CROLS +32 2 227 71 29 +32 476 98 01 21 bart.crols@umicore.com
Broekstraat 31 Rue du Marais Phone: +32 2 227 71 28 BTW: BE401 574 852 B-1000 Brussels Fax: +32 2 227 79 03 Bank: 210-0053806-23 www.umicore.com e-mail: info@umicore.com
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