Suresnes, March 24, 2016: The Recylex Group (Euronext Paris: FR0000120388 - RX) is today announcing a change to its 2016 financial agenda (published on February 9, 2016), postponing to a later date the publication of its full-year 2015 results (originally scheduled for April 7, 2016) and thus also the date of its Annual Shareholders' Meeting (originally scheduled for May 25, 2016).
Discussions concerning the global financing package sought by the Group's German perimeter to finance the new production project in the Lead segment and cover their working capital requirement continue, but have not yet reached a sufficiently advanced stage for Recylex SA's Board of Directors to be able to approve the consolidated financial statements for the year ended December 31, 2015 on a going concern basis (see the press release dated February 17, 2016).
As part of these ongoing discussions, the due date for repayment of a €3 million credit line by the Group's German businesses, originally set for March 31, 2016, has been, for the time being, rescheduled for April 30, 2016.
Recylex SA will release a progress update on arrangement of the financing and its new reporting schedule in April 2016.
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Regenerating the urban mine
With operations in France, Germany and Belgium, Recylex is a European group specialized in lead and plastics recycling (mainly from automotive and industrial batteries), zinc recycling (from electric arc furnace dust and zinc scrap) and the production of special metals, primarily for the electronics industry.
A key player in the circular economy with long-standing expertise in urban waste recovery, the Group has close to 680 employees in Europe and generated consolidated sales of €385 million in 2015.
For more information about Recylex Group: www.recylex.fr and on twitter: @Recylex
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Press/Investor contact:
Gabriel ZEITLIN
+ 33 (0)1 58 47 29 89
gabriel.zeitlin@recylex.fr
