Swiss Steel Holding AG announces envisaged changes to the Board of Directors and a planned reverse stock split

Swiss Steel Holding AG / Key word(s): Miscellaneous Swiss Steel Holding AG announces envisaged changes to the Board of Directors and a planned reverse stock split 29-Apr-2024 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Lucerne, April 29, 2024 – Swiss Steel Holding AG, a global leader in special long steel, today announces the nominations for election to the Board of Directors. Alexander Gut, Karl Haider and Martin Lindqvist will be proposed as new members of the Board of Directors at the Annual General Meeting on May 23, 2024. Jens Alder will initially be nominated as Chairman until Martin Lindqvist joins the Board, after which the latter will be nominated as Chairman. Emese Weissenbacher is not standing for re-election. In addition, the Board of Directors proposes a reverse stock split to increase the par value per share.

The Board of Directors has nominated Martin Lindqvist and Dr. Karl Haider as independent members of the Board of Directors and Dr. Alexander Gut as representative of BigPoint Holding AG for election at the Annual General Meeting on May 23, 2024. Martin Lindqvist is expected to join as a member of the Board of Directors from October 1, 2024 at the latest.

Jens Alder will be nominated as Chairman of the Board of Directors for a term of office until Martin Lindqvist takes over as Chairman of the Board of Directors, at the latest until the end of the next Annual General Meeting. After his departure, from October 1, 2024 at the latest, Martin Lindqvist will be nominated as Chairman of the Board of Directors for a term of office until the next Annual General Meeting.

Alexander Gut is a financial expert with extensive experience obtained from numerous Board of Directors positions. He is currently the Managing Partner and founder of Gut Corporate Finance Ltd, an independent corporate finance advisory firm. Prior to this role, he held significant positions as a Member of the Executive Board at KPMG Zurich and as a Partner at Ernst & Young Zurich. His career began with KPMG in Zurich and London. Alexander Gut has served on the Board of Directors of renowned companies such as Holcim and Credit Suisse Group. He currently holds a position on the Board of Directors of The Adecco Group. Alexander Gut holds a PhD (Dr oec publ) in Business Administration from the University of Zurich, Switzerland.