SCHMOLZ + BICKENBACH announces issue prices of share capital increase
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Lucerne, December 2, 2019 – SCHMOLZ + BICKENBACH, a global leader in special long steel, announces that at its meeting this morning the Board of Directors decided to remove the option of a share capital increase with an issue price of CHF 0.15 per share based on the current market price of the shares. The proposal to the extraordinary shareholders' meeting has been adjusted accordingly.
As already announced in the invitation to the extraordinary shareholders' meeting (ESM), prior to today's ESM the Board of Directors decided to remove from the proposed possible issue prices of CHF 0.30, CHF 0.25, CHF 0.20 or CHF 0.15 per share those below CHF 0.30 which were more than CHF 0.05 below the current market price (based on the closing price of SCHMOLZ + BICKENBACH shares of CHF 0.2175 on November 29, 2019). Accordingly, only issue prices of CHF 0.30, CHF 0.25 and CHF 0.20 per share will be proposed to the ESM today.