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Nyrstar NV: Further update on decision of the FSMA Sanctions Committee of 26 September 2025
Globenewswire· 2025-10-28 06:00
Core Viewpoint - The Sanctions Committee of the FSMA issued a decision regarding Nyrstar NV's information disclosure from October 2018, confirming compliance with most allegations but convicting the company on two specific points, resulting in an administrative fine of EUR 80,000 [1][3]. Group 1: Company Compliance and Response - The company believes it has complied with the Market Abuse Regulation (MAR) and has communicated accurately regarding its relationship with Trafigura, expected EBITDA from Port Pirie redevelopment, solvency, and liquidity [2]. - Despite the conviction on two points, the company has decided not to appeal the Sanctions Committee's decision, considering the dismissal of the majority of allegations and the fine amount [3]. Group 2: Shareholder Actions - Certain shareholders have filed a petition with the Market Court seeking to appeal the Sanctions Committee's decision, which the company disputes and is currently reviewing [4]. Group 3: Additional Information - For further details, the company has provided an overview of current proceedings on its website [5]. - Nyrstar NV is incorporated in Belgium and listed on Euronext Brussels under the symbol NYR [6].
Nyrstar NV: Update on decision of the FSMA Sanctions Committee of 26 September 2025
Globenewswire· 2025-10-26 21:30
Core Points - The Belgian Financial Services and Markets Authority (FSMA) Sanctions Committee issued a decision on Nyrstar NV regarding information disclosure on 30 October 2018 [1] - Certain shareholders filed a petition with the Market Court to appeal the Sanctions Committee's decision, involving the Company and its directors from 30 October 2018 [2] - The petition requests the annulment of the Sanctions Committee's decision and a reassessment of involved parties, along with a mandate for additional investigation [3] - The Company disputes the allegations, asserting compliance with Market Abuse Regulation (MAR) and accurate communication [4] - The Company will review the petition, defend its position, and inform the market of any necessary actions [4] Additional Information - Nyrstar NV is incorporated in Belgium and listed on Euronext Brussels under the symbol NYR [6]