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Nrystar IPO

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Of course the question is it worth it comes to min.

Anyway bringing this to your attention and not to market it in any way shape or form.

 

*********************************************

 

NOT FOR DISTRIBUTION IN OR INTO CANADA, JAPAN OR THE UNITED STATES

 

NEWS RELEASE

Nyrstar announces launch of IPO on Euronext Brussels

Price range of €18 - €23 per share

 

Initial offer size of 69,565,218 shares resulting in a c.70% free float for

 

Nyrstar post-IPO

Indicative offer size (based on the mid-point of the price range) of approximately €1.43bn, excluding increase option and greenshoe option

Preferential allocation for retail investors in Belgium applying before 4 p.m. CET on 19 October 2007

Final offer price expected to be announced on 29 October 2007 (subject to early closing)

 

15 October 2007, Brussels, Belgium –

Nyrstar NV, the world’s largest producer of zinc metal and alloys, announces the launch of its initial public offering of ordinary shares (the ‘Offering’) and the listing of its shares on the Eurolist by Euronext Brussels under the symbol ‘NYR’.

 

Structure and terms of the Offering:

? The Offering consists of an offering of existing ordinary shares to qualified and/or institutional investors in Belgium and internationally, including to qualified institutional buyers in the United States in reliance on Rule 144A under the U.S. Securities Act of 1933, and a public offering in Belgium. Subject to sufficient retail demand, no less than 10% of the total number of shares offered (before any over-allotments under the greenshoe) will be allocated to retail investors in Belgium.

 

? The price range for the Offering has been set at €18 - €23 per share.

 

? The initial offer size is 69,565,218 shares, resulting in a 69.6% free-float post-offering, excluding increase option and greenshoe.

 

? Depending on the volume of demand, the number of shares offered may be increased by up to 25% of the initial number of shares offered, or up to 17,391,304 shares, resulting in a potential deal size of 86,956,522 shares. Any decision to increase the size of the Offering will be communicated at the latest on the date the final offer price is announced, which is expected to be 29 October 2007, subject to early closing.

 

? In addition, the selling shareholders (Umicore and Zinifex) have granted the Underwriters an over allotment option (‘greenshoe’) in respect of up to 15% of the shares offered (including any increase option), or up to 13,043,478 shares.

 

? The maximum possible deal size, including increase option and greenshoe option, is 100,000,000 shares, representing 100% of the company's shares, which would consist of a full exit by the selling shareholders, Umicore and Zinifex.

 

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? All of the net proceeds of the Offering will be received by the selling shareholders.

 

? The selling shareholders have decided not to issue any equity-linked instrument concurrently with the Offering.

 

? UBS Investment Bank, Deutsche Bank and Goldman Sachs International are Joint Global Co-ordinators; UBS Investment Bank, Deutsche Bank, Goldman Sachs International, Fortis and KBC Securities are Joint Bookrunners; and Fortis and KBC Securities are Joint Lead Managers for the public offering in Belgium.

 

Offering timetable

? The Offering will begin on 15 October 2007 and is expected to close at 4 p.m. CET on 26 October 2007, subject to early closing.

 

? The final offer price will be determined following a bookbuilding process, and will be announced on or about 29 October 2007, subject to early closing.

 

? Trading on the Eurolist by Euronext Brussels is expected to commence, on an "if-andwhen-delivered" basis, on or about 29 October 2007, subject to early closing, which means that conditional trading will commence prior to the closing of the Offering, which is expected on or about 1 November 2007, subject to early closing.

 

Retail Offering details:

? Retail investors in Belgium can apply for shares, free of charge, at the counters of Fortis Bank, KBC Bank, KBC Securities, ING Belgium, Petercam, Bank Degroof, CBC Banque and Deutsche Bank. Applications may also be submitted through any other financial intermediary in Belgium.

 

? Retail investors may benefit from a preferential allocation if they apply for shares before 4 p.m. CET on 19 October 2007 or with any of the above-mentioned intermediaries.

 

? The number of shares allocated to retail investors and the final offer price, which will not exceed the upper-end of the price range, will be communicated after closing of the offering period and will be published in the Belgian press on or about 29 October 2007, subject to early closing.

 

? Subject to sufficient retail demand, no less than 10% of the total number of shares offered (before any over-allotments) will be allocated to retail investors in Belgium.

 

? The offer price for the shares must be paid in full in Euro, on the payment date, expected to be 1 November 2007, subject to early closing, and is exclusive of any taxes and expenses (if any), which must be borne by the investors. The stock exchange tax on the shares amounts to 0.17%, with a cap of €500 per transaction and per party.

 

? A dedicated IPO website has been established for Belgian residents only at www.nyrstarbeursgang.be or ww.nyrstarenbourse.be.

 

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Comment

Commenting on the announcement, Paul Fowler, Chief Executive Officer of Nyrstar, said: “As the world’s largest zinc metal and alloys producer, we believe that Nyrstar has an exciting future ahead of it given the growing global demand for zinc and its many qualities. This Offering will allow us to build a high quality shareholder base and will give us the flexibility to

play a key role in the market’s evolution. At the same time, our intention initially to pay a dividend of a minimum of 30% of consolidated net profit after tax shows our commitment to delivering tangible value to our shareholders. As evidence of this commitment, we currently intend to pay a dividend in 2008 relating to net profit generated in the last four months of 2007.”

- Ends -

 

For further information

Nyrstar

Jan Altink

Director, Investor Relations and Communications

Tel

+44 20 7408 8119

+44 7912 269 483

E-mail

jan.altink@nyrstar.com

Capital MS&L

Nick Bastin

Claire Maloney

Jennifer Martin

+44 20 7307 5330

+44 20 7255 5117

+44 20 7307 5341

+44 20 7307 5335

nick.bastin@capitalmsl.com

claire.maloney@capitalmsl.com

jennifer.martin@capitalmsl.com

Interel (Belgium)

Jan Van Heuverswyn

+32 475 370 338

jvh@interel.eu

 

About Nyrstar

Nyrstar is the world’s largest zinc metal producer and is also one of the world’s largest primary lead smelting and refining companies. It also produces other valuable by-products including copper, gold and indium, along with significant quantities of refined silver. It employs over 4,000 people across four continents and produced more than one million tonnes of zinc

in 2006 on a pro forma basis, generating revenue of approximately €3.17 billion and EBITDA of approximately €451 million. For the half year ended 30 June 2007 on a pro forma basis, Nyrstar produced 543,000 tonnes of zinc, recording revenue of €2.01 billion and EBITDA of €190 million.

 

Incorporated in Belgium and with its corporate offices in London (United Kingdom) and Balen (Belgium), Nyrstar has wholly-owned operations in Australia, Belgium, France, the Netherlands and the USA and joint ventures in Australia, China and France as well as a 24.9% interest in Padaeng Industry Public Company Limited in Thailand.

 

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Notes to editors

The prospectus, as approved by the CBFA, is available at the branch offices of Fortis, KBC Securities, ING Belgium, Petercam, Bank Degroof, KBC Bank, CBC Banque and Deutsche Bank. The prospectus, a supplement thereto and the summary of the prospectus can also be downloaded, by Belgian residents only, from the IPO website or the participating syndicate banks’ websites:

www.nyrstarbeursgang.be www.nyrstarenbourse.be

www.bolero.be www.cbc.be

www.degroof.be www.deutschebank.be/nyrstar

www.fortisbanking.be/epargneretplacer www.fortisbanking.be/sparenenbeleggen

www.ing.be www.kbcsecurities.be

www.kbc.be www.petercam.be

The prospectus can also be requested by telephone:

KBC Bank 03 / 283 29 70

Fortis 0800 / 90301

ING Belgium 02 / 464 61 01 (NL)

02 / 464 61 02 (FR)

Petercam 02 / 229 64 46

Bank Degroof 02 / 287 94 59

Deutsche Bank 07 / 815 22 44

CBC Banque 0800 / 920 20

Important Notice

These materials are not for distribution, directly or indirectly, in or into the United States (including its territories and

possessions, any State of the United States and the District of Columbia), Canada or Japan . These materials do not

constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. No

Nyrstar securities have been or will be registered under the United States Securities Act of 1933 (the “Securities

Act”). Securities may not be offered or sold in the United States except pursuant to an exemption from the

registration requirements of the Securities Act. There will be no public offer of Nyrstar securities in the United States,

Canada or Japan.

These materials do not constitute an offer or solicitation to purchase or subscribe for securities. The distribution of

this press release may be restricted by law or regulation in certain countries. Accordingly, persons who come into

possession of this press release should inform themselves of and observe such restrictions.

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that's a biggie!

 

will you take some?

it is much bigger than the usual pp I participate in

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I am thinking about is as I can go in under the Belgian retail offer (long story).

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For those interested trading startet today with the price closing at EUR 19.20.

Price determined at EUR 20.

10% allocated to retail investors.

Symbol = NYR.BR

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Well the price has not stayed at EUR20 but instead dropped to EUR18.

Looks like it was either badly priced (can't be good for the reputation of the advisors), bad timing or a combination of both.

 

Well good value for the original sellers.

 

Arn

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