Brief: Swiss Steel Plans Capital Increase With Gross Proceeds Around EUR 200 Mln

Swiss Steel Holding AG

01/12/2020 06:10

Dec 1 (Reuters) - SWISS STEEL HOLDING AG  STLN.S :
    * PLANS CAPITAL INCREASE TO STRENGTHEN ITS EQUITY AND
IMPROVE ITS
EXISTING FINANCING AND CREDIT TERMS
    * TO RESOLVE ON AN ORDINARY CAPITAL INCREASE WITH GROSS
PROCEEDS
OF AROUND EUR 200 MILLION WHILE PRESERVING SHAREHOLDERS'
SUBSCRIPTION RIGHTS
    * TARGETED MINIMUM GROSS PROCEEDS OF EUR 200 MILLION
    * PRICE OF CHF 0.21 PER SHARE
    * JENS ALDER WILL STEP DOWN AS CHAIRMAN OF BOARD OF
DIRECTORS OF
SWISS STEEL HOLDING AG AND LEAVE BOARD AT DECEMBER 22, 2020.
    * APPOINTS VICE CHAIRMAN HEINRICH CHRISTEN AS NEW CHAIRMAN
FOR
REMAINING TERM UNTIL AGM 2021

Source text for Eikon:  ID:nNDL2Gj0ZY 
Further company coverage:  STLN.S 

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