Legal Proceedings Report • Nov 19, 2013
Legal Proceedings Report
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Suresnes, 19 November 2013: Recylex SA (NYSE Euronext Paris: FR0000120388 - RX) notes today's decision from the Cour de Cassation rejecting the appeal lodged by the liquidators of Metaleurop Nord against the Douai Appeal Court's ruling of 19 September 2012 confirming the rejection of the claim for repayment of liabilities by subsidiary Metaleurop Nord SAS in the amount of €50 million, considering that Recylex SA was not de facto director of Metaleurop Nord SAS*.
This decision now marks the definitive close of this legal dispute, initiated in 2006 by the liquidators of Metaleurop Nord, and thereby lifts a major uncertainty that has been hanging over the Group.
Listing of the Recylex shares will be resumed on Wednesday 20 November 2013 on the opening of NYSE-Euronext Paris.
* A document summarizing the development of legal proceedings relating to Recylex SA and Metaleurop Nord SAS can be founded on the Recylex website (www.recylex.fr – News – Legal proceedings schedule).
Recycle, Transform, Enhance With operations in France, Germany and Belgium, Recylex is a European group specializing in lead and plastics recycling (mainly from automotive and industrial batteries), zinc recycling (from electric arc furnace dust and scrap zinc) 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 675 employees in Europe and generated consolidated sales of €471 million in 2012.
For more information about the Recylex Group go to: www.recylex.fr
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Gabriel ZEITLIN + 33 (0)1 58 47 29 89 [email protected]
Recylex - 6, place de la Madeleine - F-75008 Paris Administrative office: 79, rue Jean-Jacques Rousseau - F-92158 Suresnes Cedex P: +33 1 58 47 04 70 - Fax: +33 1 58 47 02 45 - www.recylex.fr
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