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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  
End of Inside Information  
Language:     English 
Company:      Swiss Steel Holding AG 

Landenbergstrasse 11
6005 Luzern
Switzerland
Phone: +41 41 581 41 23
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April 18, 2024 12:00 ET (16:00 GMT)