par IMERYS (EPA:NK)
Imerys-press-release-TalcUs-06-01-2025 VENG
PRESSRELEASE
PARIS, January 6, 2025
Imerys provides an update on the ongoing Chapter 11 process of the North American talc entities
On January 5, 2025, Imerys’ North American talc entities (the “NA Talc Entities”) announced that more than 90% voting claimants have accepted the Plan of Reorganization proposed in their Chapter 11 process and that they have therefore achieved the legally required approval threshold. As previously announced, the NA Talc Entities commenced solicitation of votes on the Plan in November 2024 following the U.S. Bankruptcy Court approval of their Disclosure Statement.
Imerys welcomes this positive development, though a few steps remain before the NA Talc Entities can conclude the Chapter 11 process. The NA Talc Entities’ cases will now proceed towards a confirmation hearing with the Bankruptcy Court, which is currently scheduled in the second quarter. Subject to the confirmation of the Plan by the Bankruptcy Court, the U.S. Federal District Court must then also review and affirm the Bankruptcy Court’s ruling.
The provision currently recognized in Imerys’ financial statements is considered as appropriate to cover the expected financial impact of the Plan of Reorganization and the resolution of the Group’s historic liabilities relating to the North American talc operations.
Imerys is the world’s leading supplier of mineral-based specialty solutions for the industry with €3.8 billion in revenue and 13,700 employees in 54 countries in 2023. The Group offers high value-added and functional solutions to a wide range of industries and fast-growing markets such as solutions for the energy transition and sustainable construction, as well as natural solutions for consumer goods. Imerys draws on its understanding of applications, technological knowledge, and expertise in material science to deliver solutions which contribute essential properties to customers’ products and their performance. As part of its commitment to responsible development, Imerys promotes environmentally friendly products and processes in addition to supporting its customers in their decarbonization efforts.
Imerys is listed on Euronext Paris (France) with the ticker symbol NK.PA.
More comprehensive information about Imerys may be obtained from its website (www.imerys.com) in the Regulated Information section, particularly in its Registration Document filed with the French financial markets authority (Autorité des marchés financiers, AMF) on March 26, 2024 under number D.24-0183 (also available from the AMF website, www.amf-france.org). Imerys draws investors’ attention to chapter 2 “Risk Factors and Internal Control” of its Registration Document.
Analyst/Investor Relations:
Cyrille Arhanchiague : +33 (0)1 49 55 64 84 finance@imerys.com
Press contacts:
Claire Garnier : +33 (0)1 49 55 64 27
Hugues Schmitt (Primatice) : + 33 (0)6 71 99 74 58
Olivier Labesse (Primatice) : + 33 (0)6 79 11 49 71