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18.04.2024 18:00:52 - dpa-AFX: EQS-Adhoc: Swiss Steel Holding AG successfully completes share offering in the context of its capital increase with gross proceeds of EUR 300 million (english)
Swiss Steel Holding AG successfully completes share offering in the context
of its capital increase with gross proceeds of EUR 300 million
Swiss Steel Holding AG / Key word(s): Miscellaneous
Swiss Steel Holding AG successfully completes share offering in the context
of its capital increase with gross proceeds of EUR 300 million
18-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.
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Lucerne, April 18, 2024 - Swiss Steel Holding AG today announces that a
total of 3,101,000,000 new registered shares were placed in connection with
its capital increase, of which 1,067,992,920 new shares were subscribed for
by existing shareholders (including BigPoint Holding AG) in the rights
offering and 2,033,007,080 new shares were subscribed for by BigPoint
Holding AG in the bookbuilding process ("Share Placement"). The offer price
was CHF 0.0925 per new share.
Swiss Steel Holding AG will raise gross proceeds of EUR 300 million from the
capital increase. The net proceeds of approximately EUR 294 million will be
used to strengthen Swiss Steel's capital and liquidity and to reduce its
indebtedness in order to allow it to shift its focus on fully re-entering
the market, in particular against the backdrop of an expected improving
economy.
As a result of the capital increase and the nominal value reduction from CHF
0.15 to CHF 0.08 per share, the share capital of Swiss Steel Holding AG is
expected to increase from CHF 458,828,620.65 to CHF 492,788,597.68.
BigPoint Holding AG has exercised all of its subscription rights in the
rights offering and has been allocated an additional 2,033,007,080 shares in
the Share Placement. As a result, BigPoint Holding AG is expected to hold
approximately 66.6% of Swiss Steel Holding AG's share capital and voting
rights upon completion of the offering.
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. 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, 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)
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 1933, as
amended (the "Securities Act"), or the laws of any state and may not be
offered or sold in the United States of America absent registration under or
an exemption from registration under the Securities Act. There will be no
public offering of the securities in the United States of America.
The information contained herein does not constitute an offer of securities
to the public in the United Kingdom. No prospectus offering securities to
the public will be published in the United Kingdom. In the United Kingdom
this document is only directed at persons who (i) are qualified investors
and who are also (ii) investment professionals falling within article 19(5)
of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the "FSMA Order"); (iii) persons falling within Articles 49(2)(a) to
(d), "high net worth companies, unincorporated associations, etc." of the
FSMA Order and (iv) persons to whom an invitation or inducement to engage in
investment activity within the meaning of Section 21 of the Financial
Services and Markets Act 2000 may otherwise be lawfully communicated or
caused to be communicated (all such persons together being referred to as
"relevant persons"). The securities are only available to, and any
invitation, offer or agreement to subscribe, purchase or otherwise acquire
such securities will be engaged in only with, relevant persons. Any person
who is not a relevant person should not act or rely on this document or any
of its contents.
In any member state of the European Economic Area (each a "Relevant State")
this document is only addressed to qualified investors in that Relevant
State within the meaning of the Prospectus Regulation.
This publication may contain specific forward-looking statements, e.g.
statements including terms like "believe", "assume", "expect", "forecast",
"project", "may", "could", "might", "will" or similar expressions. Such
forward-looking statements are subject to known and unknown risks,
uncertainties and other factors which may result in a substantial divergence
between the actual results, financial situation, development or performance
of Swiss Steel Holding AG and those explicitly or implicitly presumed in
these statements. Against the background of these uncertainties, readers
should not rely on forward-looking statements. Swiss Steel Holding AG
assumes no responsibility to up-date forward-looking statements or to adapt
them to future events or developments.
Except as required by applicable law, Swiss Steel Holding AG has no
intention or obligation to update, keep updated or revise this publication
or any parts thereof (including any forward-looking statement) following the
date hereof.
Neither the manager nor any of its subsidiary undertakings, affiliates or
any of their respective directors, officers, employees, advisers, agents,
alliance partners or any other entity or person accepts any responsibility
or liability whatsoever for, or makes any representation, warranty or
undertaking, express or implied, as to the truth, accuracy, completeness or
fairness of the information or opinions in this announcement (or whether any
information has been omitted from the announcement) or any other information
relating to the group, its subsidiaries or associated companies, whether
written, oral or in a visual or electronic form, and howsoever transmitted
or made available or for any loss howsoever arising from any use of this
announcement or its contents or otherwise arising in connection therewith.
Accordingly, the manager and the other foregoing persons disclaim, to the
fullest extent permitted by applicable law, all and any liability, whether
arising in tort or contract or that they might otherwise be found to have in
respect of this announcement and/or any such statement.
News Source: Swiss Steel Holding AG
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End of Inside Information
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End of Announcement EQS News Service
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1884199 18-Apr-2024 CET/CEST
of its capital increase with gross proceeds of EUR 300 million
Swiss Steel Holding AG / Key word(s): Miscellaneous
Swiss Steel Holding AG successfully completes share offering in the context
of its capital increase with gross proceeds of EUR 300 million
18-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 18, 2024 - Swiss Steel Holding AG today announces that a
total of 3,101,000,000 new registered shares were placed in connection with
its capital increase, of which 1,067,992,920 new shares were subscribed for
by existing shareholders (including BigPoint Holding AG) in the rights
offering and 2,033,007,080 new shares were subscribed for by BigPoint
Holding AG in the bookbuilding process ("Share Placement"). The offer price
was CHF 0.0925 per new share.
Swiss Steel Holding AG will raise gross proceeds of EUR 300 million from the
capital increase. The net proceeds of approximately EUR 294 million will be
used to strengthen Swiss Steel's capital and liquidity and to reduce its
indebtedness in order to allow it to shift its focus on fully re-entering
the market, in particular against the backdrop of an expected improving
economy.
As a result of the capital increase and the nominal value reduction from CHF
0.15 to CHF 0.08 per share, the share capital of Swiss Steel Holding AG is
expected to increase from CHF 458,828,620.65 to CHF 492,788,597.68.
BigPoint Holding AG has exercised all of its subscription rights in the
rights offering and has been allocated an additional 2,033,007,080 shares in
the Share Placement. As a result, BigPoint Holding AG is expected to hold
approximately 66.6% of Swiss Steel Holding AG's share capital and voting
rights upon completion of the offering.
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. 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, 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)
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 1933, as
amended (the "Securities Act"), or the laws of any state and may not be
offered or sold in the United States of America absent registration under or
an exemption from registration under the Securities Act. There will be no
public offering of the securities in the United States of America.
The information contained herein does not constitute an offer of securities
to the public in the United Kingdom. No prospectus offering securities to
the public will be published in the United Kingdom. In the United Kingdom
this document is only directed at persons who (i) are qualified investors
and who are also (ii) investment professionals falling within article 19(5)
of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the "FSMA Order"); (iii) persons falling within Articles 49(2)(a) to
(d), "high net worth companies, unincorporated associations, etc." of the
FSMA Order and (iv) persons to whom an invitation or inducement to engage in
investment activity within the meaning of Section 21 of the Financial
Services and Markets Act 2000 may otherwise be lawfully communicated or
caused to be communicated (all such persons together being referred to as
"relevant persons"). The securities are only available to, and any
invitation, offer or agreement to subscribe, purchase or otherwise acquire
such securities will be engaged in only with, relevant persons. Any person
who is not a relevant person should not act or rely on this document or any
of its contents.
In any member state of the European Economic Area (each a "Relevant State")
this document is only addressed to qualified investors in that Relevant
State within the meaning of the Prospectus Regulation.
This publication may contain specific forward-looking statements, e.g.
statements including terms like "believe", "assume", "expect", "forecast",
"project", "may", "could", "might", "will" or similar expressions. Such
forward-looking statements are subject to known and unknown risks,
uncertainties and other factors which may result in a substantial divergence
between the actual results, financial situation, development or performance
of Swiss Steel Holding AG and those explicitly or implicitly presumed in
these statements. Against the background of these uncertainties, readers
should not rely on forward-looking statements. Swiss Steel Holding AG
assumes no responsibility to up-date forward-looking statements or to adapt
them to future events or developments.
Except as required by applicable law, Swiss Steel Holding AG has no
intention or obligation to update, keep updated or revise this publication
or any parts thereof (including any forward-looking statement) following the
date hereof.
Neither the manager nor any of its subsidiary undertakings, affiliates or
any of their respective directors, officers, employees, advisers, agents,
alliance partners or any other entity or person accepts any responsibility
or liability whatsoever for, or makes any representation, warranty or
undertaking, express or implied, as to the truth, accuracy, completeness or
fairness of the information or opinions in this announcement (or whether any
information has been omitted from the announcement) or any other information
relating to the group, its subsidiaries or associated companies, whether
written, oral or in a visual or electronic form, and howsoever transmitted
or made available or for any loss howsoever arising from any use of this
announcement or its contents or otherwise arising in connection therewith.
Accordingly, the manager and the other foregoing persons disclaim, to the
fullest extent permitted by applicable law, all and any liability, whether
arising in tort or contract or that they might otherwise be found to have in
respect of this announcement and/or any such statement.
News Source: Swiss Steel Holding AG
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End of Inside Information
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Language: English
Company: Swiss Steel Holding AG
Landenbergstrasse 11
6005 Luzern
Switzerland
Phone: +41 41 581 41 23
E-mail: a.beeler@swisssteelgroup.com
Internet: www.swisssteel-group.com
ISIN: CH0005795668
Listed: SIX Swiss Exchange
EQS News ID: 1884199
End of Announcement EQS News Service
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1884199 18-Apr-2024 CET/CEST
