Swiss Steel Holding AG publishes rights offering prospectus and announces the launch of its rights offering - Seite 2

The rights exercise period will start on April 11, 2024 and end on April 17, 2024, 12:00 noon CEST. Shares not taken up by existing shareholders may be offered to investors by way of a public offering in Switzerland and private placements to qualified investors outside of Switzerland and the United States in compliance with applicable securities laws ("Share Placement").

The number of new shares for which rights have been exercised is expected to be announced on April 17, 2024, after close of trading on SIX Swiss Exchange. The offer price for all new shares will be CHF 0.0925 per new share. The Share Placement period is expected to start on April 11, 2024 and end on April 18, 2024, 12:00 noon CEST at the latest. Payment of the aggregate offer price must be received by 12:00 noon CEST on April 22, 2024 in order for exercises of rights on purchases of shares in the Share Placement to be valid. It is expected that the listing on SIX Swiss Exchange, first trading day and delivery of the new shares will take place on or around April 25, 2024.

As previously announced, in order to ensure the targeted gross proceeds of EUR 300 million, the Company's main shareholder, BigPoint Holding AG, has committed to exercise all rights allocated to it and also to subscribe at the offer price of CHF 0.0925 for all new shares in respect of which rights have not been duly exercised during the rights exercise period, that have not been placed with investors in the Share Placement or for which the aggregate offer price has not been paid in time (Backstop).

The Company and BigPoint Holding AG have agreed to a lock-up period of six months after the closing of the rights offering, subject to certain exceptions.

The expected timetable for the planned rights offering and capital increase is summarized below*:

 

Date	Description
8 April 2024	Publication of prospectus