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Ad hoc news News vom 20.12.2019

SCHMOLZ + BICKENBACH AG successfully concludes share offering with gross proceeds of CHF 325 million
 
 

SCHMOLZ + BICKENBACH AG successfully concludes share offering with gross proceeds of CHF 325 million

 

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, December 20, 2019 – SCHMOLZ + BICKENBACH, a global leader in special long steel, today announces the successful conclusion of its share offering with gross proceeds of CHF 325 million. After completion of the international offering, the offer price was set at CHF 0.30 per Offered Share, at which 111,767,019 Offered Shares were subscribed for by existing shareholders in the rights offering and at which 744,770,277 Offered Shares were allocated to BigPoint, 226,696,037 Offered Shares to Liwet and 100,000 Offered Shares to another investor in the international offering. This corresponds to a total of 1,083,333,333 Offered Shares sold and to be issued in the capital increase and consequently, a total of 2,028,333,333 shares issued by the Company upon completion of the capital increase.

 

SCHMOLZ + BICKENBACH AG (the "Company") today announces the successful conclusion of its share offering in the context of the announced capital increase. As per the instructions resolved by the extraordinary shareholders' meeting on December 2, 2019 and following the completion of the international offering today at 12:00 noon (CET), the offer price was set at CHF 0.30 per Offered Share. At this offer price, 111,767,019 Offered Shares were subscribed for by existing shareholders in the rights offering and 744,770,277 Offered Shares were allocated to BigPoint Holding AG ("BigPoint"), 226,696,037 Offered Shares to Liwet Holding AG ("Liwet") and 100,000 Offered Shares to another investor in the international offering. This corresponds to a total of 1,083,333,333 Offered Shares sold and to be issued in the capital increase, with gross proceeds of CHF 325 million. Upon completion of the capital increase, the total number of shares issued by the Company will amount to 2,028,333,333 shares.

 

The capital increase is expected to be registered with the Commercial Register of the Canton of Lucerne on or around January 8, 2020. Prior to the issuance of the Offered Shares, the nominal value of the existing shares will be reduced to the offer price of CHF 0.30. Upon completion of the capital increase, Martin Haefner and BigPoint, which is ultimately beneficially owned by Martin Haefner, will together own approximately 44.9% of the share capital and voting rights in the Company, while Liwet will own 25.0% of the share capital and voting rights in the Company.

 

The listing and first trading day of the Offered Shares on SIX Swiss Exchange as well as the delivery of the Offered Shares are planned for January 9, 2020.

 

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Media Release (PDF)
 
 
 
SCHMOLZ+BICKENBACH AG, Landenbergstrasse 11, CH-6005 Lucerne, phone +41 (0)41 581 40 00, www.schmolz-bickenbach.com