The Board of Directors of SCHMOLZ+BICKENBACH has decided to postpone the General Meeting that was scheduled for 18 April 2013 to a date in June of this year which has still to be determined.
As already communicated, the Board of Directors and management are currently evaluating various strategic options with the goal of strengthening the capital base and improving the structure of the balance sheet. The related preparations and negotiations are in progress. Their implementation may require corresponding decisions of a General Meeting. This has caused the Board of Directors to postpone the Ordinary General Meeting in order to create the best possible conditions for rapid implementation.
The Board of Directors will determine and communicate the new date of the General Meeting 2013 as soon as the corresponding decisions have been taken.
About SCHMOLZ+BICKENBACH
SCHMOLZ+BICKENBACH was established in 1919 in Düsseldorf by Arthur Schmolz and Oswald Bickenbach and since 1937 the company bearing their joint names has been a synonym for tradition in steel. Since the acquisition of the former Swiss Steel AG in 2003, SCHMOLZ+BICKENBACH has been listed on the SIX Swiss Exchange (STLN). Today, the SCHMOLZ+BICKENBACH Group is the world’s largest manufacturer, processor and distributor of special steel long products. The Group has a total of approximately 10 000 employees. SCHMOLZ+BICKENBACH is the world’s Number 1 producer of stainless long steels as well as tool steels, and one of the ten largest companies for alloy and high-alloy special and engineering steels.