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15 April 2020

SCHMOLZ + BICKENBACH announces change in the Executive Board

Lucerne, April 15, 2020 – SCHMOLZ + BICKENBACH, a global leader in special long steel, announced today that the Board of Directors of the company has appointed Dr Markus Boening as Chief Financial Officer (CFO) and member of the Group Executive Board effective October 1, 2020 at the latest. The acting CFO Matthias Wellhausen had decided to leave the company in the course of 2020, after the successful refinancing.

07 April 2020

SCHMOLZ + BICKENBACH AG nominates new members to the Board of Directors

Lucerne, April 7, 2020 – SCHMOLZ + BICKENBACH, a global leader in special long steel, will propose six new members, Svein Richard Brandtzæg, Heinrich Christen, David Metzger, Dr Michael Schwarzkopf, Karin Sonnenmoser and Jörg Walther, for election to the Board of Directors at the Annual General Meeting on April 28, 2020. The current members Martin Haefner (Vice-Chairman), Michael Büchter, Isabel Corinna Knauf and Alexey Moskov will not stand for re-election. The two current members Jens Alder and Adrian Widmer will stand for re-election, Jens Alder also as Chairman of the Board of Directors.

01 April 2020

SCHMOLZ + BICKENBACH successfully completes refinancing

Lucerne, April 1, 2020 – SCHMOLZ + BICKENBACH, a global leader in special long steel, announces the successful completion of its financial restructuring. Following the capital increase of CHF 325 million completed in January 2020, the company has now signed the new financing agreements with the banks and its major shareholder BigPoint Holding AG, which will run until March 2025.

16 March 2020

SCHMOLZ + BICKENBACH announces results of change of control offer

Lucerne, March 16, 2020 – SCHMOLZ + BICKENBACH, a global leader in special long steel, has today announced that the holders of the EUR 350 million 5.625% Senior Secured Notes (“Notes”) issued by SCHMOLZ + BICKENBACH Luxembourg Finance S.A. (“Issuer”) and due in 2022 have validly tendered EUR 328,753 million (93.93 %) of the Notes as of the expiration of the offer on March 13, 2020.

06 February 2020

SCHMOLZ + BICKENBACH launches offer to repurchase Senior Secured Notes following a change of control event

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, February 6, 2020 – SCHMOLZ + BICKENBACH, a global leader in special long steel, has today launched a change of control offer for the EUR 350 million 5.625% Senior Secured Notes issued on April 24, 2017 and June 25, 2018 with maturity in 2022 that was triggered by a change of control event on January 8, 2020.

24 January 2020

SCHMOLZ + BICKENBACH announces change to the Board of Directors

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, January 24, 2020 – SCHMOLZ + BICKENBACH, a global leader in special long steel, informs that Dr Oliver Thum has announced his resignation from the Board of Directors of SCHMOLZ + BICKENBACH AG with immediate effect.

09 January 2020

SCHMOLZ + BICKENBACH AG announces successful implementation of share capital increase

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, January 9, 2020 – SCHMOLZ + BICKENBACH, a global leader in special long steel, informs that its share capital recorded in the commercial register was increased to 2,028,333,333 shares with a nominal value of CHF 0.30 each.

07 January 2020

SCHMOLZ + BICKENBACH is informed of the acquisition by BigPoint Holding AG of the shares of SCHMOLZ + BICKENBACH Beteiligungs GmbH

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, January 7, 2020 – SCHMOLZ + BICKENBACH, a global leader in special long steel, was informed that BigPoint Holding AG, which is controlled by Martin Haefner, has fully acquired the shares of SCHMOLZ + BICKENBACH Beteiligungs GmbH. At the same time, SCHMOLZ + BICKENBACH Beteiligungs GmbH withdrew its appeal to the Swiss Federal Administrative Court against the granting of an exemption in favor of BigPoint Holding AG.

03 January 2020

SCHMOLZ + BICKENBACH receives notice from Liwet Holding AG to withdraw a request to convene an extraordinary general meeting

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, January 3, 2020 – SCHMOLZ + BICKENBACH, a global leader in special long steel, informs that its major shareholder Liwet Holding AG ("Liwet") has withdrawn a request to convene an extraordinary general meeting to replace the Board of Directors.

20 December 2019

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

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.

19 December 2019

SCHMOLZ + BICKENBACH AG announces results of the rights offering

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 19, 2019 – SCHMOLZ + BICKENBACH, a global leader in special long steel, today announces the results of the rights offering in the context of the planned capital increase of at least CHF 325 million. Up to 2,511,085,200 Offered Shares which have not been validly subscribed for in the rights offering will be available for allocation in the international offering. Based on the instructions resolved by the extraordinary shareholders' meeting on December 2, 2019, the final offer price and final number of new shares sold will be determined and announced by SCHMOLZ + BICKENBACH after close of trading on December 20, 2019, the last day of the international offering.

10 December 2019

SCHMOLZ + BICKENBACH AG announces details of its planned capital increase

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 10, 2019 – SCHMOLZ + BICKENBACH, a global leader in special long steel, announces details on its planned capital increase by way of a rights offering and an international offering. The gross proceeds from the capital increase are envisaged to be at least CHF 325
million. The listing and first day of trading of the new registered shares on SIX Swiss Exchange are expected to take place on January 9, 2020.

09 December 2019

SCHMOLZ + BICKENBACH – FINMA approves appeal against decision of the Swiss Takeover Board

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 9, 2019 – SCHMOLZ + BICKENBACH, a global leader in special long steel, has received a positive decision from the Swiss Financial Market Supervisory Authority FINMA on the appeal against the Swiss Takeover Board's decision of November 22, 2019. In the first instance, the Swiss Takeover Board had rejected Martin Haefner/BigPoint Holding AG's application for an exemption from the obligation to make a mandatory offer. This means that the share capital increase approved by the shareholders at the Extraordinary Shareholder Meeting on December 2, 2019 can now be implemented as planned.

02 December 2019

SCHMOLZ + BICKENBACH – shareholders approve capital increase

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 2, 2019 – SCHMOLZ + BICKENBACH (“S+B”), a global leader in special long steel, announces that the shareholders at today's extraordinary shareholders' meeting approved the capital reduction and simultaneous capital increase by at least CHF 325 million proposed by the Board of Directors.

02 December 2019

SCHMOLZ + BICKENBACH announces issue prices of share capital increase

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 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.