Swiss Steel Holding AG announces the results of its rights offering

Swiss Steel Holding AG / Key word(s): Miscellaneous Swiss Steel Holding AG announces the results of its rights offering 17-Apr-2024 / 18:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Lucerne, April 17, 2024 – Swiss Steel Holding AG today announces that in the context of its rights offering, rights have been exercised for 1,067,992,920 new shares, corresponding to 34.4% of the 3,101,000,000 new registered shares offered in the rights offering at CHF 0.0925 per new share.

The 2,033,007,080 shares not taken up by existing shareholders in the rights offering are being 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 security laws (“Share Placement”).

The book for the Share Placement is currently open and is expected to close on April 18, 2024, 12:00 noon CEST at the latest. The bookbuilding period may be extended or shortened, without any prior notice, at any time. In order for exercises of rights or purchases of shares in the Share Placement to be valid, the payment of the aggregate offer price must be received by 12:00 noon CEST on April 22, 2024.

Swiss Steel Holding AG’s main shareholder BigPoint Holding AG has exercised all of its subscription rights. BigPoint Holding AG has also committed to subscribe at the offer price of CHF 0.0925 for all new shares 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 listing on SIX Swiss Exchange, first trading day and delivery of the new shares is expected to be on April 25, 2024.

For further information:
 
For media queries:
Anina Berger, [e-mail], [phone]
 
For analyst/investor inquiries:
Burkhard Wagner, [e-mail], [phone]


Media Release (PDF)