Talvivaara Mining Co. Plc. : The Administrator has requested confirmation of Talvivaara's Corporate Restructuring Programme
Stock Exchange Release
Talvivaara Mining Company Plc
6 March 2017
The Administrator has requested confirmation of Talvivaara's Corporate Restructuring Programme
Talvivaara Mining Company Plc ("Talvivaara" or the "Company") announces that the Administrator of the Company's corporate reorganization proceedings has today filed a request for confirmation of the Restructuring Programme of Talvivaara to the District Court of Espoo. According to the Administrator's request, all the special conditions set for the confirmation and entry into force of the Restructuring Programme have been fulfilled. Based on the final Draft Restructuring Programme filed with the District Court of Espoo on 10 April 2015, the Administrator was to notify the District Court of the fulfillment of the special conditions and to request the confirmation of the Restructuring Programme by 10 April 2017.
The entry into force of the Company's Draft Restructuring Programme requires a decision from the District Court of Espoo. Talvivaara anticipates the District Court of Espoo to announce its decision regarding the confirmation of the Restructuring Programme in the next few weeks. The Company will inform the market on the decision in due course.
The Administrator's confirmation request is available on the Talvivaara corporate website at www.talvivaara.com/corporate-reorganisation.
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
Pekka Jaatinen, Attorney-at-Law
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