{"id":1012088,"date":"2026-10-21T02:56:07","date_gmt":"2026-10-21T06:56:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/worthington-steel-issues-statement-ahead-of-kloeckner-co-extraordinary-general-meeting\/"},"modified":"2026-10-21T02:56:07","modified_gmt":"2026-10-21T06:56:07","slug":"worthington-steel-issues-statement-ahead-of-kloeckner-co-extraordinary-general-meeting","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/worthington-steel-issues-statement-ahead-of-kloeckner-co-extraordinary-general-meeting\/","title":{"rendered":"Worthington Steel Issues Statement Ahead of Kloeckner & Co Extraordinary General Meeting"},"content":{"rendered":"

<\/p>\n

Worthington Steel Issues Statement Ahead of Kloeckner & Co Extraordinary General Meeting<\/b><\/p>\n

COLUMBUS, Ohio–(BUSINESS WIRE<\/a>)–
\nIn relation to the upcoming extraordinary general meeting (EGM) of Kl\u00f6ckner & Co SE (Kloeckner) and in response to investor inquiries, especially as it concerns the vote on the implementation of a domination and profit and loss transfer agreement (DPLTA), Worthington Steel, Inc. (NYSE: WS) makes the following statement:<\/p>\n

\nThe EGM will take place as planned on Friday, Oct. 23, 2026, in D\u00fcsseldorf, Germany, including agenda item two, the vote on the implementation of a DPLTA.<\/p>\n

\nShould the vote on the DPLTA not achieve the required 75% majority of the capital represented, Worthington Steel will not pursue another vote on the implementation of a DPLTA for at least one year from the date of the upcoming EGM.<\/p>\n

About Worthington Steel<\/b><\/p>\n

\nWorthington Steel (NYSE: WS) is one of North America’s leading value-added metals processing and manufacturing companies. The company partners with customers to deliver specialized, highly technical solutions across carbon flat-rolled steel, aluminum, stainless steel, long products, heavy plate and electrical steel, to solve complex challenges across a broad range of industries.<\/p>\n

\nWorthington Steel employs approximately 12,000 people and operates approximately 150 facilities, primarily in North America, with additional operations in Europe and Asia. The company combines extensive processing expertise with advanced manufacturing technologies, including galvanizing, pickling, configured blanking, specialty cold reduction, electrical steel laminations, fabrication and precision processing.<\/p>\n

\nGuided by its people-first Philosophy and a commitment to safety, innovation and continuous improvement, Worthington Steel creates long-term value by delivering trusted solutions for customers, opportunities for employees, returns for shareholders and strength for the communities where it operates.<\/p>\n

Important Information:<\/b> On September 8, 2026, Worthington Steel and Kloeckner & Co entered into a Domination and Profit and Loss Transfer Agreement (\u201cDPLTA\u201d), which remains subject to approval by Kloeckner shareholders and the registration with the competent commercial register before becoming effective. Until the DPLTA becomes effective, Kloeckner continues to operate independently. The employee and facility counts above reflect the expected combined organization following the DPLTA becoming effective.<\/p>\n

Safe Harbor Statement<\/b><\/p>\n

\nWorthington Steel wishes to take advantage of the safe harbor provisions included in the Private Securities Litigation Reform Act of 1995 (the \u201cAct”). Statements by Worthington Steel which are not historical information constitute “forward looking statements” within the meaning of the Act. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those projected. Factors that could cause actual results to differ materially include risks, uncertainties and impacts described from time to time in Worthington Steel\u2019s filings with the Securities and Exchange Commission.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20261020995276\/en\/<\/a><\/span><\/p>\n

Melissa Dykstra
\n<\/b>
Vice President
\n
Corporate Communications and Investor Relations
\n
Phone: 614-840-4144
\n
Melissa.Dykstra@worthingtonsteel.com<\/a><\/p>\n

KEYWORDS:<\/b> Ohio Indiana Kentucky Germany Europe United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Automotive Manufacturing Manufacturing Alternative Energy Energy Other Manufacturing Steel<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Worthington Steel Issues Statement Ahead of Kloeckner & Co Extraordinary General Meeting COLUMBUS, Ohio–(BUSINESS WIRE)– In relation to the upcoming extraordinary general meeting (EGM) of Kl\u00f6ckner & Co SE (Kloeckner) and in response to investor inquiries, especially as it concerns the vote on the implementation of a domination and profit and loss transfer agreement (DPLTA), Worthington Steel, Inc. (NYSE: WS) makes the following statement: The EGM will take place as planned on Friday, Oct. 23, 2026, in D\u00fcsseldorf, Germany, including agenda item two, the vote on the implementation of a DPLTA. Should the vote on the DPLTA not achieve the required 75% majority of the capital represented, Worthington Steel will not pursue another vote on the implementation of a DPLTA … <\/p>\n

Continue reading “Worthington Steel Issues Statement Ahead of Kloeckner & Co Extraordinary General Meeting”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1012088","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWorthington Steel Issues Statement Ahead of Kloeckner & Co Extraordinary General Meeting - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/worthington-steel-issues-statement-ahead-of-kloeckner-co-extraordinary-general-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Worthington Steel Issues Statement Ahead of Kloeckner & Co Extraordinary General Meeting - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Worthington Steel Issues Statement Ahead of Kloeckner & Co Extraordinary General Meeting COLUMBUS, Ohio–(BUSINESS WIRE)– In relation to the upcoming extraordinary general meeting (EGM) of Kl\u00f6ckner & Co SE (Kloeckner) and in response to investor inquiries, especially as it concerns the vote on the implementation of a domination and profit and loss transfer agreement (DPLTA), Worthington Steel, Inc. (NYSE: WS) makes the following statement: The EGM will take place as planned on Friday, Oct. 23, 2026, in D\u00fcsseldorf, Germany, including agenda item two, the vote on the implementation of a DPLTA. 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