Swiss Steel Holding AG / CH1351577726

Swiss Steel Holding AG announces the intended voluntary delisting from the Swiss stock exchange

Swiss Steel Holding AG / Key word(s): Miscellaneous


24-Jan-2025 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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Emmenbrücke, January 24, 2025 – Swiss Steel Holding AG, a global leader in special long steel, has announced its voluntary intention to delist from the SIX Swiss Exchange. Given the company's small free float, Swiss Steel Holding AG plans to apply for an off-exchange trading opportunity for the company's shares.

Over recent years, Swiss Steel Group has undergone significant restructuring and reorganization efforts, resulting in a shareholder structure characterized by a small number of large, long-term investors. Consequently, the SIX-listed shares have a low free float and limited trading volume, leading to an illiquid market for the Company's shares. The Board of Directors has determined that the benefits of maintaining a listing on the SIX Swiss Exchange are outweighed by the comparatively high costs and administrative efforts required to sustain it. The voluntary delisting will allow Swiss Steel Holding AG to allocate resources more effectively toward restructuring and operational improvements, aligning with the objectives of the SSG 2025 strategy. This decision is not influenced by short-term external factors or the economic situation. The Board of Directors has today invited shareholders to an Extraordinary General Meeting (EGM) on February 17, 2025. Shareholders are referred to the official invitation to the EGM for further details. If the delisting is approved at the EGM, the Board of Directors will oversee its implementation in compliance with Swiss law and established practice. This includes submitting a delisting application to the SIX Regulatory Board, which will determine the last trading date on the Swiss stock exchange. Key dates related to the delisting, as determined by the SIX Regulatory Board, will be communicated to shareholders via ad-hoc announcements through the SIX channels and on the Company's website.

For further information:
 
For media queries:
Anina Berger, [e-mail], [phone]
 
For analyst/investor inquiries:
Burkhard Wagner, [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 media release contains forward-looking statements, including presentations of developments, plans, intentions, assumptions, expectations, beliefs and potential impacts, as well as descriptions of future events, income, results, situations or outlooks. These are based on the Company's current expectations, beliefs and assumptions, which may differ materially from future results, performance or achievements. The information contained herein is provided with the publication of this document. The forward-looking statements contained herein are not updated as a result of new information, future events or for any other reason.

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End of Inside Information

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Language:	English
Company:	Swiss Steel Holding AG
	Werkstrasse 7
	6020 Emmenbrücke
	Switzerland
Phone:	[phone]
E-mail:	[e-mail]
Internet:	www.swisssteel-group.com
ISIN:	CH1351577726
Listed:	SIX Swiss Exchange
EQS News ID:	2073923

End of Announcement	EQS News Service

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2073923  24-Jan-2025 CET/CEST