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.