Swiss Steel Group announces decisions of the Swiss Takeover Board - Seite 2

A shareholder who has been holding at least 3% of the voting rights of Swiss Steel Holding Ltd., whether exercisable or not (a "qualified participation", article 56 Takeover Ordinance), since the date of publication of the decision, may file an objection against the decision of the Takeover Board. The objection must be filed with the Takeover Board within five trading days from the date of publication of the decision. The objection must contain a motion, summary reasons and proof of the qualified participation according to article 56 para. 3 and para. 4 Takeover Ordinance (article 58 para. 3 Takeover Ordinance).

On February 26, 2024, Swiss Steel Holding Ltd., Martin Haefner, and BigPoint Holding AG submitted a request regarding a restructuring exemption from the obligation to make a public takeover offer.

The Takeover Board issued the following decision on March 8, 2024:

1. In connection with the described transaction, Martin Haefner and BigPoint Holding AG are hereby granted an exemption pursuant to article 136 para. 1 lit. e FMIA from the obligation to make a public takeover offer pursuant to article 135 para. 1 sentence 1 FMIA with respect to the listed equity securities of Swiss Steel Holding Ltd. without conditions.
2. Swiss Steel Holding Ltd. shall publish the provisions of the present decision as well as the reference to the right of objection of qualified shareholders, in accordance with article 61 para. 3 and 4 Takeover Ordinance.
3. The present decision will be published on the website of the Takeover Board following its publication in accordance with clause 2 above and the public announcement of the capital increase by Swiss Steel Holding Ltd. described in the present decision.
4. If the present decision is not published, clause 1 shall only have legal effect in connection with the capital increase described in this decison.
5. The fees payable by Swiss Steel Holding Ltd., Martin Haefner, and BigPoint Holding AG, with joint and several liability, amounts to CHF 40,000.

The Board of Directors of Swiss Steel Holding Ltd. has decided not to publish a separate report within the meaning of article 61 para. 3 lit. a Takeover Ordinance.