17 Oct 2016 12:00
Amsterdam, 17 October 2016
Notice of General Meeting of Shareholders
Further to the announcement on 3 October 2016 regarding the request from a shareholder for a general meeting of New World Resources Plc ("NWR") to resolve to place NWR into liquidation, NWR announces today that it has published its Notice of the General Meeting of Shareholders at which the shareholders of NWR will vote on whether to resolve to place NWR into voluntary liquidation.
General Meeting
The General Meeting of Shareholders will be held on 3 November 2016 at 11:00 a.m. (CET) at the Company's corporate office, Herengracht 448, 1017 CA Amsterdam, The Netherlands.
Copies of the following documents have been submitted to the National Storage Mechanism and will shortly be available for inspection on the website at www.Hemscott.com/nsm.do:
· Explanatory Liquidation Circular;
· Notice of the General Meeting; and
· Form of Proxy.
The documents listed above are also available on the website of the Company at www.newworldresources.eu and are available for review at the Company's registered office at c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ and the Company's corporate office at Herengracht 448, 1017 CA Amsterdam, The Netherlands.
Creditors' Meeting
If the resolutions are approved at the General Meeting of Shareholders, it is intended that a Meeting of Creditors will be convened on the same day to approve, amongst other things, the appointment of the liquidators. NWR intends to send a notice of the Creditors' Meeting to NWR's creditors (if any) at least seven days prior to the date of the Creditors' Meeting.
Convertible Notes
As previously announced on 16 May 2016, and in light of the upcoming General Meeting at which the shareholders of NWR will vote on whether to resolve to place NWR into liquidation, holders of the Convertible Notes may wish to consult with their advisers to determine their position regarding conversion of their Convertible Notes into NWR shares and the timing of any such conversion.
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Investor and Media Contact:
Email: info@nwrgroup.eu
Website: www.newworldresources.eu
About NWR Plc:
New World Resources Plc is a Central European hard coal producer. NWR produces quality coking and thermal coal for the steel and energy sectors in Central Europe through its subsidiary OKD, the largest hard coal mining company in the Czech Republic.