Talvivaara - Creditors' voting procedure for approval of Talvivaara's draft restructuring programme commences
(Thomson Reuters ONE) -
Stock Exchange Release
Talvivaara Mining Company Plc
14 April 2015
Creditors' voting procedure for approval of Talvivaara's draft restructuring
programme commences
The District Court of Espoo has on 14 April 2015 given a decision to initiate a
creditors' voting procedure on the draft restructuring programme of Talvivaara
Mining Company Plc ("Company") in accordance with section 76 of the
Restructuring of Enterprises Act.
By voting, creditors can support or oppose the Administrator`s draft
restructuring programme. The approval of the draft restructuring programme
requires express support from the necessary number of creditors for the
Administrator`s draft restructuring programme. The entry into force of the draft
restructuring programme requires that the requisite number of creditors have
voted in support of the draft restructuring programme and that the conditions
set by the draft restructuring programme concerning the Company's business
operations and other conditions set by the law have been met. If the requisite
amount of votes supporting the draft restructuring programme is not received,
the Administrators draft restructuring programme cannot be confirmed, which
would likely lead to a bankruptcy of the Company.
The voting ends on 6 May 2015 at 4.15 pm (Finnish time), except for the voting
period for the convertible bond holders and the nominee-registered bond holders
that ends already on 4 May 2015 at 4.00 pm (Finnish time). The record date for
the bond holders will be 24 April 2015. More information about the different
voting methods and related deadlines will be made available at the latest on 17
April 2015 on the Company's website at www.talvivaara.com/investors/corporate-
reorganisation.
Enquiries
Pekka Jaatinen, Attorney-at-Law Tel +358 20 7765 765
Castrén & Snellman Attorneys Ltd
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
Pekka Erkinheimo, Deputy CEO
Talvivaaras restructuring programme status update 14.4.2015:
http://hugin.info/136227/R/1910914/681647.pdf
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originality of the information contained therein.
Source: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire
[HUG#1910914]
Unternehmensinformation / Kurzprofil:
Datum: 14.04.2015 - 10:14 Uhr
Sprache: Deutsch
News-ID 385398
Anzahl Zeichen: 2984
contact information:
Town:
Espoo
Kategorie:
Business News
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Talvivaaran Kaivososakeyhtiö Oyj (Nachricht senden)
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