Swiss Steel Holding AG has announced its intention to voluntarily withdraw from the SIX Swiss Exchange. The company cited the low free float and limited trading volume of its shares as reasons for the decision. The extensive restructuring and reorganization efforts in recent years have resulted in a shareholder structure characterized by a small number of large, long-term investors. Consequently, the benefits of maintaining a listing on the SIX Swiss Exchange no longer justify the high costs and administrative requirements.
Shareholders will vote on the proposal at an Extraordinary General Meeting scheduled for February 17, 2025. If approved, Swiss Steel plans to explore over-the-counter trading options for its shares.