Status of Talvivaara's corporate reorganization
(Thomson Reuters ONE) -
Stock Exchange Release
Talvivaara Mining Company Plc
23 March 2017
Status of Talvivaara's corporate reorganization
Talvivaara Mining Company Plc ("Talvivaara" or the "Company") has today been
informed by the administrator of its corporate reorganization proceedings (the
"Administrator") that the District Court of Espoo has requested the Company to
give a response in the matter concerning the confirmation request filed to the
District Court by the Administrator on 6 March 2017. Concurrently, the Company
was notified that Finnvera Plc, Nordea Bank AB (Publ.), Finnish branch, Danske
Bank Plc, OP Corporate Bank Plc and Svenska Handelsbanken AB, Finnish branch
have given a response to the District Court where they have objected the
confirmation of the restructuring programme, requesting the cessation of the
corporate reorganization proceedings and placing the Company in bankruptcy.
The Company has also been informed that the representative of the Company's bond
holders has filed a response supporting the confirmation of the restructuring
programme.
The Company and the Administrator will give their responses to the District
Court of Espoo in due course. The Company's and Administrator's view is that the
Company has fulfilled the special conditions set for the entry into force of the
restructuring programme, as they were approved by the creditors in the
creditors' voting procedure. The Company anticipates the District Court of Espoo
to announce its decision in the matter in the next few weeks.
Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
Pekka Erkinheimo, Deputy CEO
Castrén & Snellman Attorneys Ltd Tel +358 20 7765765
Administrator Pekka Jaatinen, Attorney-at-Law
Status of Talvivaara?s corporate reorganization 2017:
http://hugin.info/136227/R/2090133/789209.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 23.03.2017 - 14:31 Uhr
Sprache: Deutsch
News-ID 532110
Anzahl Zeichen: 2582
contact information:
Town:
Espoo
Kategorie:
Business News
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"Status of Talvivaara's corporate reorganization"
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