on Swiss Steel Holding AG (isin : CH0005795668)
Swiss Steel Holding AG Details Upcoming Reverse Stock Split
Lucerne, May 28, 2024 – Swiss Steel Holding AG has disclosed specifics regarding its reverse stock split, which was approved at the Annual General Meeting on May 23, 2024.
The reverse stock split, set at a ratio of 200:1, received shareholder approval. This decision involved increasing the ordinary capital by CHF 10.32 to CHF 492,788,608 and amending the Articles of Association accordingly.
Key dates for the split include the last trading day of old shares on May 28, 2024, and the first trading day of new shares on May 29, 2024. Shareholders will receive one new registered share for every 200 old shares, with fractions resulting in cash compensation.
Swiss Steel shareholders will be notified by their custodian bank, and further details are available on the company’s website.
R. E.
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