Shareholders approve all proposals at Extraordinary General Meeting - Seite 2

Finally, the change to the Articles of Incorporation proposed by the Board of Directors regarding the right of shareholders holding 10 % or more of the shares and the voting rights in Swiss Steel Holding AG to nominate candidates for election to the Board of Directors was approved with 99.27 % of the votes represented.

The Swiss Takeover Board has granted a restructuring exemption against which no objection was raised, therefore the additional possibility for a transaction-specific opting-out clause was withdrawn as an agenda item by the Board of Directors.

The Chairman Jens Alder states: “I am grateful for the patience and the trust we have received from our shareholders. Thanks to the approval of the capital increase, we are confident that we will bring the refinancing process to a successful conclusion in the coming weeks.”

For further information:
Anina Berger, [e-mail], [phone]


Media Release (PDF)

About Swiss Steel Group

Swiss Steel Group with headquarters in Lucerne (Switzerland) is one of the world’s leading producers of special steel long products. Thanks to the exclusive use of steel scrap in electric arc furnaces, the Group is one of the most relevant companies in Europe in the circular economy and is among the market leaders in the field of sustainably produced steel - Green Steel. Swiss Steel Group has its own production and distribution entities in over 30 countries and, through its strong local presence, offers a wide range of individual solutions in the fields of engineering steel, stainless steel, and tool steel. Swiss Steel Group is listed on the SIX Swiss Exchange and generated a revenue of around EUR 3.2 billion in 2023 with approximately 8,800 employees.

Forward-looking statements

This document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. This document is not a prospectus within the meaning of the Swiss Financial Services Act and not a prospectus under any other applicable laws. Copies of this document may not be sent to, distributed in or sent from jurisdictions in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy any securities, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction. The offer and listing of any securities will be made solely by means of, and on the basis of, a prospectus which is to be approved by the competent review body and published.