Nynas: The general super priority right is extended

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Published 20 March 2020
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On 13 December 2019 at 16.01 p.m., the district court of Södertörn granted a petition regarding the initiation of a company reorganisation of Nynas AB (publ) ("Nynas"), whereby Lars Eric Gustafsson and Mikael Kubu were appointed as administrators. Nynas has requested that the reorganisation shall continue for an additional three-month term, see below.

On 12 February 2020, Nynas filed a request to the district court of Södertörn that the reorganisation shall continue for an additional three-month term. The administrators endorse the request. In order to take part of Nynas’ request and the administrators remarks, please click here and hereFor the request and the remarks in Swedish, please click here and here.

Nynas has filed a request to the district court that the reorganisation shall continue for an additional three-month term. The administrators endorse the request and have suggested that the district court of Södertörn decides in accordance with Nynas request. Creditors which were present at the creditors meeting on 24 January 2020 will have the opportunity to give its opinions on the request until 19 March 2020, after which the district court will decide on the request. The reorganisation will continue as normal and Nynas will continue its business unchanged until the district court of Södertörn has decided on the request. This means that the super priorities issued by the administrators still are in force.

For information to suppliers etc., kindly see below.

The administrators have extended the general super priority right to Nynas suppliers. In order to take part of this extension, please click here (publ. 20 March 2020). For the extension in Swedish, please click here (svensk version). For further information to Nynas suppliers, please click here (publ. 16. December 2019), here (publ. 18. December 2019), here (publ. 3. January 2020), here (publ. 13, January 2020), here (publ 24. January 2020), here (publ. 7 February 2020), here (publ. 20 February 2020) and here (publ. 6 March 2020).

The administrators and Nynas have established a preliminary reorganisation plan. In order to take part of the preliminary reorganisation plan, please click here. For the preliminary reorganisation plan in Swedish, please click here (svensk version).

For notification pursuant to chapter 2 section 13 of the Company Reorganisation Act (1996:764), including further information regarding the reorganisation, please click here.

For examples of media coverage of the reorganisation, kindly see here (article in The Wall Street Journal regarding inter alia the preliminary reorganisation plan), and here, (article in Dagens Industri).

Information regarding the company reorganisation will, going forward, continuously be published at nynas.com, ackordcentralen.se and schjodt.com. Questions will primarily be answered by your ordinary point of contact at Nynas.