As part of the measures announced to strengthen its capital structure, SCHMOLZ+BICKENBACH AG, which is listed on the Swiss Stock Exchange SIX (SIX,STLN), has invited selected investors to submit offers with regard to a capital restructuring involving existing shareholders. It is in discussion with various national and international investors, with whom confidentiality and standstill agreements have been signed.
In this connection, the Board of Directors of SCHMOLZ+BICKENBACH AG has also taken note of the statement by the company’s main shareholder, Schmolz+Bickenbach GmbH & Co. KG, Dusseldorf, that it has concluded an exclusive agreement with Renova Industries Ltd.,Nassau/Bahamas, about the possibility of Renova participating in the capital restructuring of Schmolz+Bickenbach. Schmolz+Bickenbach GmbH & Co. KG also states that it is forming a “group” with Renova as defined in company law. Taking into consideration the existing veto rights, this group holds a 20.46% voting stake in SCHMOLZ+BICKENBACH AG.
The Board of Directors of SCHMOLZ+BICKENBACH AG is open to Renova’s participation in the strengthening of the company’s capital structure, provided this involvement is in the interests of the company and all its shareholders.