Worthington Steel Initiates Acceptance Period for Kloeckner Delisting Offer

Worthington Steel GmbH announced the commencement of the acceptance period for its Public Delisting Tender Offer for Kloeckner & Co SE shares. This follows the approval by the German Federal Financial Supervisory Authority (Bafin). The offer is open for Kloeckner shareholders to tender their shares for EUR 11.00 each, running from July 15 to August 12, 2026.

Worthington Steel, holding about 62% of Kloeckner's shares, gives remaining shareholders an additional chance to tender their shares. The offer isn't contingent on any closing conditions or minimum acceptance thresholds. After delisting, Kloeckner's shares will not trade on regulated markets, affecting their liquidity and price discovery.

The full Delisting Offer Document is available on Worthington’s website, providing detailed information for interested shareholders.