News Details
Ad-hoc | 5 March 2025 07:00
Swiss Steel Holding AG: Last trading day on SIX Swiss Exchange on June 5, 2025 – Exemption from annual results publication requirement granted
Emmenbrücke, March 5, 2025 – Swiss Steel Holding AG, a leading global manufacturer of special long steel, announces that the voluntary delisting from the SIX Swiss Exchange has been approved by the competent bodies of SIX Exchange Regulation. In coordination with SIX, the last trading day has been set for June 5, 2025. Immediately after delisting, Swiss Steel Holding AG shares will be traded via the over-the-counter trading platform LPZ-X of the private bank Lienhardt & Partner. At the same time, Swiss Steel Holding AG has been granted an exemption from the requirement to publish its annual results in line with SIX Listing Rules.
As previously announced in the ad hoc release dated January 24, 2025, the Board of Directors of Swiss Steel Holding AG invited shareholders to an extraordinary general meeting. On February 17, 2025, the general meeting approved the delisting of all registered shares from SIX Swiss Exchange with a majority of 98.83% of the votes cast, initiating the delisting process.
With its decision dated March 4, 2025, SIX Exchange Regulation approved Swiss Steel’s delisting application and set the last trading day for June 5, 2025. Consequently, Swiss Steel Holding AG shares will no longer be tradable on SIX Swiss Exchange as of June 6, 2025.
Immediately after delisting, all remaining shareholders will have the opportunity to trade Swiss Steel Holding AG shares via the over-the-counter trading platform LPZ-X of the private bank Lienhardt & Partner.
In connection with the delisting, SIX Exchange Regulation has also exempted Swiss Steel Holding AG from the requirement to publish its annual results within the deadline as set by the SIX Listing Rules as follows:
“Swiss Steel Holding AG (issuer) will be exempt from the following obligation until its delisting on June 6, 2025: Publication of the 2024 Annual Report (Art. 49 et seq. Listing Rules [LR] in conjunction with Art. 10 et seq. Directive on Financial Reporting [DFR] and Annex 1 Sec. 2.01 Directive on Regular Reporting Obligations [DRRO]).”
Swiss Steel Group will publish the annual and non-financial reports according to the applicable regulations. The exact publication date will be announced on the company's website in due course.
Further information about Swiss Steel Group AG and the delisting is available on the website (https://swisssteel-group.com/de) and in the Q&A regarding the delisting ( Link to Q&A ). SIX Exchange Regulation will publish its reasoned decision regarding the voluntary delisting on its website at the following link: https://www.ser-ag.com/de/resources/notifications-market-participants/delisting-decisions.html.
For further information:
For media queries:
Anina Berger, [email protected] , +41 41 581 4121
For analyst/investor inquiries:
Burkhard Wagner, [email protected] , +41 41 581 4180
Media Release (PDF)
About Swiss Steel Group
Swiss Steel Group, headquartered in Lucerne (Switzerland), is one of the world's leading producers of special steel long products. Thanks to the exclusive use of steel scrap in electric arc furnaces, the Group is one of the most relevant companies in Europe in the circular economy and is one of the market leaders in the field of sustainably produced steel – Green Steel. Swiss Steel Group has its own production and distribution companies in over 25 countries and, thanks to its strong local presence, offers a wide range of individual solutions in the areas of structural steel, stainless steel and tool steel. Swiss Steel Group is listed on the stock exchange and generated sales of over EUR 3.2 billion in 2023 with around 8,800 employees.