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Recylex SA (RXPA.PA)

RXPA.PA on Paris Stock Exchange

4.04EUR
22 Jul 2019
Change (% chg)

€-0.14 (-3.35%)
Prev Close
€4.18
Open
€4.18
Day's High
€4.20
Day's Low
€4.04
Volume
28,111
Avg. Vol
42,310
52-wk High
€9.40
52-wk Low
€3.11

Latest Key Developments (Source: Significant Developments)

Recylex: German Subgroup Obtains Further Postponement Of Repayments
Tuesday, 25 Jun 2019 

June 25 (Reuters) - RECYLEX SA ::GERMAN SUBGROUP HAS OBTAINED POSTPONEMENT UNTIL JULY 31 OF THEIR RIGHT OF EARLY TERMINATION OF EXISTING FINANCING.POSTPONEMENT UNTIL JULY 31 OF REPAYMENTS DUE ON DECEMBER 31(ST) 2018, MARCH 31(ST) 2019 AND JUNE 30(TH) 2019.BRIDGE FINANCING GRANTED BY GLENCORE INTERNATIONAL AG TO GERMAN SUBGROUP INCREASED BY EUR 5.7 MILLION, BRINGING ITS TOTAL AMOUNT TO EUR 27.0 MILLION.DUE DATE OF BRIDGE FINANCING GRANTED BY GLENCORE INTERNATIONAL AG TO GERMAN SUBGROUP WAS EXTENDED TO JULY 31 2019.GERMAN SUB-GROUP'S CASH POSITION REMAINS VERY TENSE, WHICH AFFECTS RECYLEX S.A'S CASH POSITION.GROUP WILL KEEP INVESTORS INFORMED OF POSITION OF ITS FINANCIAL PARTNERS.GROUP HAS DECIDED TO PAY PARTICULAR ATTENTION TO ITS WORKING CAPITAL REQUIREMENTS AND TO TAILOR ALL ITS PURCHASING.  Full Article

Recylex: German Subgroup Obtains Waiver Extension From Financial Partners
Friday, 31 May 2019 

May 31 (Reuters) - Recylex SA ::REG-RECYLEX S.A.: INFORMATION AS OF MAY 31ST 2019.GERMAN SUBGROUP OBTAINED FROM FINANCIAL PARTNERS EXTENSION UNTIL JUNE 30 OF THEIR WAIVER ON THEIR RIGHTS TO EARLY TERMINATE EXISTING FINANCING AGREEMENT.THEY HAVE ALSO AGREED TO WAIVE REPAYMENTS THAT WERE DUE ON DECEMBER 31(ST) 2018 AND ON MARCH 31(ST) 2019 UNTIL THAT SAME DATE.GROUP IS CONTINUING TO REVIEW VARIOUS ASSUMPTIONS UNDERLYING PROJECTED CASH REQUIREMENTS FOR 2019.  Full Article

Recylex Announces Suspension Of Trading Of Its Shares
Wednesday, 22 May 2019 

May 22 (Reuters) - RECYLEX SA ::REG-RECYLEX S.A.: SUSPENSION OF TRADING OF RECYLEX SHARES.  Full Article

Recylex Updates On Situation With German Sub-group
Monday, 29 Apr 2019 

April 29 (Reuters) - RECYLEX SA ::OBTAINED A POSTPONEMENT UNTIL MAY 15 OF DATE FROM WHICH GERMAN SUB-GROUP'S FINANCIAL PARTNERS WOULD BE ENTITLED TO EXERCISE EARLY CANCELLATION RIGHT FOR EXISTING FINANCING.AS A RESULT, REPAYMENT DATE FOR BRIDGE FINANCING HAS ALSO BEEN DEFERRED UNTIL MAY 15(TH) 2019.DISCUSSIONS INITIATED IN DECEMBER 2018 ARE STILL ONGOING WITH FINANCIAL PARTNERS OF GERMAN SUB-GROUP.GROUP'S OBJECTIVE IS TO REACH A FINAL AGREEMENT BY MID-MAY 2019.RECYLEX WILL NOT BE ABLE TO FILE ITS 2018 ANNUAL FINANCIAL REPORT WITH AMF WITHIN SET DEADLINE OF APRIL 30.  Full Article

Recylex Updates On German Sub-Group Financing And Lens Labour Court Hearing
Wednesday, 27 Mar 2019 

March 27 (Reuters) - RECYLEX SA ::PUBLISHED ON TUESDAY UPDATE ON FINANCING OF THE GERMAN SUB-GROUP AND HEARING BEFORE LENS LABOUR COURT.DISCUSSIONS INITIATED IN DECEMBER 2018 ARE ONGOING WITH THE FINANCIAL PARTNERS OF THE GERMAN SUB-GROUP .GERMAN SUB-GROUP REQUESTED FROM FINANCIAL PARTNERS POSTPONEMENT UNTIL APRIL 30TH 2019 OF DATE ON WHICH THEY WOULD BE ENTITLED TO EXERCISE THEIR RIGHT OF EARLY TERMINATION OF EXISTING FINANCING.MATURITY OF EUR 10 MILLION BRIDGE FINANCING, OBTAINED DURING Q1 2019 BY GERMAN SUB-GROUP FROM GLENCORE INTERNATIONAL AG AND FULLY USED AS OF TODAY, WAS EXTENDED TO APRIL 30TH 2019.DATE OF APPROVAL AND PUBLICATION OF 2018 FINANCIAL STATEMENTS, INITIALLY SCHEDULED FOR MARCH 28TH 2019, IS POSTPONED TO LATER DATE.INDUSTRY SECTION OF LENS LABOUR COURT DECIDED TO POSTPONE EXAMINATION OF CLAIMS FROM FORMER NON-MANAGERIAL EMPLOYEES TO ITS HEARING OF OCTOBER 4TH 2019 .MANAGEMENT SECTION OF LENS LABOUR COURT DECIDED TO POSTPONE EXAMINATION OF CLAIMS FROM MANAGERIAL FORMER EMPLOYEES TO ITS HEARING OF APRIL 14TH 2020 .  Full Article

Recylex Sees German Perimeter Not Reaching End-Dec Financial Targets
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - RECYLEX SA ::ANNOUNCED ON WEDNESDAY NEW DISCUSSIONS WITH FINANCIAL PARTNERS.DISCUSSIONS TO ADAPT AND ENLARGE FRAMEWORK OF GERMAN SUB-GROUP FINANCING TO ITS CURRENT CASH FLOW GENERATION .GROUP ANTICIPATES ITS GERMAN PERIMETER WILL NOT BE ABLE TO REACH ITS FORECASTED FINANCIAL TARGET AT DECEMBER 31ST 2018.CASH SITUATION CLOSELY MONITORED AND REMAINING EUR 4 MLN FROM EXISTING FINANCING RECENTLY DRAWN.LAUNCH OF A 24-MONTH MODERNIZATION PROJECT FOR THE GERMAN GROUP`S ORGANIZATION AND INTERNAL PROCESSES.CONSOLIDATED NET DEBT AMOUNTED TO EUR 101.4 MILLION AS OF OCTOBER 31, 2018 COMPARED TO EUR 101.2 MILLION AT JUNE 30, 2018 .GROUP'S NET CASH POSITION STOOD AT EUR -7.1 MILLION AS OF NOVEMBER 30, 2018 COMPARED TO EUR -8.8 MILLION AS AT JUNE 30, 2018.SINCE COMMISSIONING OF NEW LEAD REDUCTION FURNACE IN JUNE 2018, GROUP'S LEAD PRODUCTION HAS EXPERIENCED IMPORTANT SLOW DOWN AND HAS NOT YET RECOVERED SATISFACTORY LEVEL.ON LEAD PRODUCTION: CURRENT PRODUCTION OF TWO FURNACES HAS BEEN RAISED FROM 8,245 TONNES IN SEPTEMBER 2018 TO 9,600 TONNES IN OCTOBER 2018 AND 11,500 TONNES IN NOVEMBER 2018.ON LEAD PRODUCTION: CURRENT PRODUCTION LEVELS AND BACKLOG ACCUMULATED IN 2018 IMPACT GROUP'S GERMAN PERIMETER'S FINANCIAL SITUATION AND CONSEQUENTLY GROUP'S.IS PURSUING REHABILITATION WORKS OF ITS INACTIVE L'ESTAQUE SITE IN MARSEILLE.L'ESTAQUE SITE: REMAINING WORKS AMOUNT TO EUR 8.3 MILLION AS OF JUNE 30TH 2018.  Full Article

(OFFICIAL)-BRIEF-Recylex FY EBITDA Up At 22.9 Million Euros (April 13)
Monday, 4 Jun 2018 

Corrects restated EBITDA figure in April 13 brief following announcement by company.:FY EBITDA (IFRS) EUR 22.9 MILLION VERSUS EUR 9.3 MILLION YEAR AGO.FY NET INCOME (IFRS) EUR 18.0 MILLION VERSUS LOSS EUR 10.1 MILLION YEAR AGO.FY RESTATED EBITDA EUR 39.6 MILLION VERSUS EUR 19.3 MLN YEAR AGO.WHILE OUTLOOK FOR METALS PRICES REMAINS POSITIVE GIVEN THEIR GOOD FUNDAMENTALS, CONSOLIDATION DURING YEAR REMAINS POSSIBILITY.CONSTRUCTION WORK CONTINUING ON SCHEDULE ON THE REDUCTION FURNACE, WITH COMMISSIONING PLANNED AT END OF H1 2018.  Full Article

Recylex Says SNCF Réseau Lodged A Claim Before Marseille Administrative Court
Monday, 7 May 2018 

May 7 (Reuters) - RECYLEX SA ::SNCF RÉSEAU LODGED A CLAIM BEFORE MARSEILLE ADMINISTRATIVE COURT AGAINST RECYLEX AND RETIA JOINTLY.CLAIM IS ESTIMATED TO DATE BY SNCF RÉSEAU AT A GLOBAL AMOUNT OF EUR 70 MILLION.SAYS CLAIM AIMING AT HAVING COS JOINTLY CONDEMNED TO PAY TOTALITY OF SUMS NECESSARY FOR “GLOBAL REFURBISHMENT” OF RAILWAYS PUBLIC DOMAIN OF L’ESTAQUE SECTOR IN MARSEILLE.SAYS INTENDS TO DEFEND ITSELF VIGOROUSLY AGAINST THIS CLAIM AND TO PROTECT ITS INTERESTS IN CONNECTION WITH THIS ACTION.  Full Article

Recylex: Trading in Shares Suspended On April 11, Pending Arras Commercial Court Decision
Tuesday, 10 Apr 2018 

April 10 (Reuters) - RECYLEX SA ::RECYLEX SA: SUSPENSION OF TRADING OF RECYLEX SHARES ON WEDNESDAY APRIL 11, 2018.SUSPENSION PENDING ISSUANCE OF PRESS RELEASE CONCERNING DECISION OF ARRAS COMMERCIAL COURT.ARRAS COMMERCIAL COURT DECISION CONCERNS ACTION BROUGHT BY LIQUIDATORS OF METALEUROP NORD AGAINST RECYLEX.  Full Article

Recylex Appoints Sebastian Rudow As Chairman And CEO In Replacement Of Yves Roche
Friday, 1 Dec 2017 

Nov 30 (Reuters) - RECYLEX SA ::REG-RECYLEX SA: APPOINTMENT OF SEBASTIAN RUDOW AS CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF RECYLEX SA IN REPLACEMENT OF YVES ROCHE.  Full Article