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Swiss Steel Holding AG / Key word(s): Miscellaneous
Swiss Steel Holding AG announces envisaged changes to the Board of Directors and a planned reverse stock split
29-Apr-2024 / 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.
Lucerne, April 29, 2024 - Swiss Steel Holding AG, a global leader in special long steel, today announces the
nominations for election to the Board of Directors. Alexander Gut, Karl Haider and Martin Lindqvist will be proposed as
new members of the Board of Directors at the Annual General Meeting on May 23, 2024. Jens Alder will initially be
nominated as Chairman until Martin Lindqvist joins the Board, after which the latter will be nominated as Chairman.
Emese Weissenbacher is not standing for re-election. In addition, the Board of Directors proposes a reverse stock split
to increase the par value per share.
The Board of Directors has nominated Martin Lindqvist and Dr. Karl Haider as independent members of the Board of
Directors and Dr. Alexander Gut as representative of BigPoint Holding AG for election at the Annual General Meeting on
May 23, 2024. Martin Lindqvist is expected to join as a member of the Board of Directors from October 1, 2024 at the
latest.
Jens Alder will be nominated as Chairman of the Board of Directors for a term of office until Martin Lindqvist takes
over as Chairman of the Board of Directors, at the latest until the end of the next Annual General Meeting. After his
departure, from October 1, 2024 at the latest, Martin Lindqvist will be nominated as Chairman of the Board of Directors
for a term of office until the next Annual General Meeting.
Alexander Gut is a financial expert with extensive experience obtained from numerous Board of Directors positions. He
is currently the Managing Partner and founder of Gut Corporate Finance Ltd, an independent corporate finance advisory
firm. Prior to this role, he held significant positions as a Member of the Executive Board at KPMG Zurich and as a
Partner at Ernst & Young Zurich. His career began with KPMG in Zurich and London. Alexander Gut has served on the Board
of Directors of renowned companies such as Holcim and Credit Suisse Group. He currently holds a position on the Board
of Directors of The Adecco Group. Alexander Gut holds a PhD (Dr oec publ) in Business Administration from the
University of Zurich, Switzerland.
Karl Haider is a recognized industrial expert and highly qualified executive with comprehensive experience from working
at major international industrial groups. As the current Chief Executive Officer of Semperit Holding AG in Austria, he
brings extensive experience and strategic acumen. Previously, Karl served on the Executive Board at Tata Steel Europe
as the Chief Commercial Officer and Director Operations Downstream, and before he served on the Executive Board at high
performance metals division of the voestalpine Group as the Chief Commercial Officer. His journey began as a sales
manager for Rehau, where he honed his sales expertise. Karl Haider holds a PhD in Natural Science, as well as a
Master's Degree in Technical Chemistry and Business Economics, both from the Johannes Kepler University of Linz in
Austria.
Martin Lindqvist is an accomplished industrial professional and financial expert with over 25 years of experience in
the steel industry. Martin Lindqvist has resigned as the President and CEO of SSAB. He spearheaded SSAB's policy
decision to transition the entire Nordic production system to fossil-free production. During his years at SSAB, Martin
Lindqvist held various Head of Business Area positions. Prior to his tenure at SSAB, he held key roles at renowned
companies such as NCC and Outokumpu Copper Strip. Currently, Martin Lindqvist serves on the Board of Directors of SCA,
Europe's largest private forest holding. He has also previously served on the board of INDUTRADE. Martin Lindqvist
holds a Bachelor's Degree in Economics from the University of Uppsala in Sweden.
Jens Alder, David Metzger, Mario Rossi and Dr. Michael Schwarzkopf are standing for re-election as members of the Board
of Directors for a further term of office. Emese Weissenbacher is not standing for re-election.
The Board of Directors is pleased to be able to propose three proven managers to the Annual General Meeting as its new
members. Alexander Gut, Karl Haider and Martin Lindqvist all have many years of international management experience and
a high level of expertise. Martin Lindqvist has broad and successful experience in the steel industry. At the same
time, the Board of Directors would like to thank Emese Weissenbacher for her great commitment and her services to the
company.
Further, the Board of Directors proposes for approval at the Annual General Meeting on May 23, 2024 a reverse share
split at a ratio of 200:1 in order to increase the par value per share. As a result, each holder of 200 (two hundred)
registered shares of the Company with a par value of CHF 0.08 (par value of the shares before the reverse share split),
as held immediately prior to the implementation of the reverse share split, will receive 1 (one) new registered share
of the Company with a par value of CHF 16.00 (par value of the shares after the reverse share split). The reverse share
split is intended to make the Company's shares more attractive to a broader group of investors. The reverse share split
has no impact on the value of the Company or, subject to the compensation of fractions, the value of the total of the
shares held by shareholders.
In order to allow for the share split at the ratio of 200:1 the annual shareholders meeting will also be asked to
approve an ordinary capital increase in a small amount of CHF 10.32 such that the total share capital of the Company
will reach an amount that can actually be divided by 200. The few new shares issued for this will be subscribed for by
Steeltec Ltd.
The invitation to the Annual General Meeting on May 23, 2024 with the full agenda (including all standard items) will
be published on May 2, 2024 and posted on the website.
For further information:

For media queries:
Anina Berger, anina.berger@swisssteelgroup.com, +41 (0)41 581 4121

For analyst/investor inquiries:
Burkhard Wagner, burkhard.wagner@swisssteelgroup.com, +41 (0)41 581 4180
Media Release (PDF)
For further information:
For media queries:
Anina Berger, anina.berger@swisssteelgroup.com, +41 41 581 4121

For analyst/investor inquiries:
Burkhard Wagner, burkhard.wagner@swisssteelgroup.com, +41 41 581 4180
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.
This document constitutes advertising in accordance with article 68 of the Swiss Financial Services Act. Such
advertisements are communications to investors aiming to draw their attention to financial instruments. Any investment
decisions with respect to any securities should not be made based on this advertisement.
A decision to invest in securities of Swiss Steel Holding AG should be based exclusively on the prospectus published by
Swiss Steel Holding AG (the "Company") for such purpose. Copies of such prospectus (and any supplements thereto) are
available free of charge from UBS AG (email: swiss-prospectus@ubs.com). In addition, copies of such issue and listing
prospectus (and any supplements thereto) are available free of charge in Switzerland from Swiss Steel Holding AG,
Landenbergstrasse 11, 6005 Lucerne, Switzerland (email: ir@swisssteelgroup.com).
This document is not for publication or distribution in the United States of America (including its territories and
possessions, any State of the United States and the District of Columbia), Canada, Japan or Australia or any other
jurisdiction into which the same would be unlawful. This document does not constitute an offer or invitation to
subscribe for or purchase any securities in such countries or in any other jurisdiction into which the same would be
unlawful. In particular, the document and the information contained herein should not be distributed or otherwise
transmitted into the United States of America or to publications with a general circulation in the United States of
America. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of
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