Swiss Steel Holding AG to Voluntarily Delist Shares

Swiss Steel Holding AG announced that its shareholders have approved the proposal to voluntarily delist the company’s shares from the SIX Swiss Exchange. This decision was made at the Extraordinary General Meeting held on February 17, 2025.

The proposal received overwhelming support, with 98.83% of shareholders voting in favor. This move aligns with Swiss Steel's strategic goals aimed at improving operational efficiency and simplifying its structure.

The decision for delisting is influenced by the current shareholder structure where only 11.29% shares are in free float, leading to low trading volumes. Moreover, the costs of maintaining a listing exceed the benefits it offers to shareholders.

Swiss Steel has filed the delisting application with the SIX Regulatory Board. The Exchange will determine the approval and the last trading day, expected within three to twelve months.

To accommodate share trading post-delisting, Swiss Steel plans to offer an over-the-counter trading platform for shareholders.