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9. January 2020

SCHMOLZ + BICKENBACH AG announces successful implementation of share capital increase

THIS COMMUNICATION OR THE INFORMATION CONTAINED THEREIN ARE NOT BEING ISSUED AND MAY NOT BE DISTRIBUTED IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN AND DO NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN SUCH COUNTRIES.

 

Lucerne, January 9, 2020 – SCHMOLZ + BICKENBACH, a global leader in special long steel, informs that its share capital recorded in the commercial register was increased to 2,028,333,333 shares with a nominal value of CHF 0.30 each.

Immediately prior to the capital increase through the issuance of 1,083,333,333 new registered shares with a nominal value of CHF 0.30 each, the nominal value of all existing shares was decreased to CHF 0.30 by way of a capital reduction. The share capital of SCHMOLZ + BICKENBACH AG newly recorded in the commercial register amounts to CHF 608,499,999.90 and is divided into 2,028,333,333 registered shares with a nominal value of CHF 0.30. The listing and first trading day of the new shares on SIX Swiss Exchange as well as the delivery of the new shares occurs today on January 9, 2020.

 

The issuance of the 1,083,333,333 new registered shares provides new capital in the amount of CHF 325 million and net proceeds in the amount of approximately EUR 292 million to SCHMOLZ + BICKENBACH. The net proceeds shall be used for the financial restructuring of the Group.

 

Of the total 2,028,333,333 shares issued in SCHMOLZ + BICKENBACH AG, Martin Haefner directly or indirectly through BigPoint Holding AG holds 49.6% (including acquisition of the shares in SCHMOLZ + BICKENBACH AG from SCHMOLZ + BICKENBACH Beteiligungs GmbH) and Liwet Holding AG holds 25.0%. The free float amounts to 25.4%.

 

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