Ad hoc announcement pursuant to Art. 53 LR
Swiss Steel Group announces changes in shareholding of its major investors
Lucerne, June 19, 2023
Swiss Steel Group was informed that BigPoint Holding AG, controlled by Martin Haefner, has sold a participation of 8.07% in Swiss Steel Holding AG to PCS Holding AG controlled by Peter Spuhler. This results in a new shareholding in Swiss Steel Holding AG by BigPoint Holding AG of 32.73%. Peter Spuhler and PCS Holding AG have in turn increased their stake above 20%.
With the reduction in shareholding in Swiss Steel Holding AG by BigPoint Holding AG the mandatory offer ordered by FINMA in December 2019 for Martin Haefner and BigPoint Holding AG, if the share of voting rights has not been reduced below 33 1/3% by 31 December 2024 is no longer applicable.
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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 over EUR 4 billion in 2022 with approximately 10,000 employees.
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.