Preliminary elements concerning the spin-off of part of the Company’s patrimony
With respect to item 2 on the agenda of the Extraordinary General Meeting of Shareholders of
Sometra S.A. (the “Company”), convened for 3/4 August 2015, the board of directors hereby
informs the shareholders on the preliminary proposal for the spin-off, as follows.
Through the spin-off of part of the Company’s patrimony, the Company intends to achieve the
separation of the production/processing of Lead and/or Zinc (Pb, Zn) metal and concentrates
activity from the trading/commercial activity of Lead and/or Zinc (Pb, Zn) metal and
concentrates.
Further to the partial spin-off, the Company’s patrimony will be divided as follows:
-
the inventory, technical equipement and other fixed assets, trade debtors connected to
the production/processing activity will be transferred to a new entity;
-
the real estate (land and buildings), trade debtors and other assets linked to the
trading/commercial activity will remain in the Company’s patrimony.
The debts and equity elements will be separated between the Company and the new entity,
proportionally with the assets connected to the trading/commercial activity which shall remain
with the Company and, respectively, with the assets related to the production/processing activity
which will be transferred to the new entity.
*The information presented above is preliminary and purely for the purpose of informing the
Company’s shareholders. Such information may be subject to changes, following the evaluation
of the Company’s statements from legal, accounting, financial, fiscal and economical
perspective.
Detailed information regarding the distribution of the elements of the Company’s patrimony as
a result of the partial spin-off shall be included in the spin-off project, as well as in the related
documents prepared in view of the partial spin-off, following the approval in principle of the
spin-off by the Extraordinary General Meeting of the Shareholders.
PAGE
1 of 1