Brief: Swiss Steel Announces Terms Of Planned Capital Increase

Swiss Steel Holding AG

22/12/2020 06:03

Dec 22 (Reuters) - SWISS STEEL HOLDING AG  STLN.S :
    * SWISS STEEL HOLDING AG ANNOUNCES THE TERMS OF THE PLANNED
CAPITAL INCREASE BY WAY OF A RIGHTS OFFERING
    * GROSS PROCEEDS OF AROUND EUR 200 MILLION FROM PLANNED
CAPITAL
INCREASE WILL BE USED TO STRENGTHEN EQUITY OF SWISS STEEL
HOLDING AG AND TO IMPROVE ITS EXISTING FINANCING AND CREDIT
TERMS
    * WILL RESULT IN AN INCREASE OF SHARE CAPITAL OF SWISS STEEL
HOLDING AG FROM CURRENTLY CHF 304,249,999.95 BY CHF
154,578,620.70 TO CHF 458,828,620.65
    * TO INCREASE SHARE CAPITAL OF SWISS STEEL HOLDING AG
THROUGH
ISSUANCE OF 1,030,524,138 NEW REGISTERED SHARES WITH A PAR VALUE
OF CHF 0.15 EACH
    * EXISTING SHAREHOLDERS WILL RECEIVE ONE SUBSCRIPTION RIGHT
FOR
EVERY SWISS STEEL HOLDING AG SHARE
    * IN ORDER TO ENSURE TARGETED MINIMUM GROSS PROCEEDS OF EUR
200
MILLION, SWISS STEEL HOLDING AG'S MAIN SHAREHOLDER BIGPOINT
HOLDING AG HAS COMMITTED TO EXERCISE ALL OF ITS SUBSCRIPTION
RIGHTS IN CAPITAL INCREASE

Source text for Eikon:  ID:nEQ9Sf5Sra 
Further company coverage:  STLN.S 

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