- 34,411,626 new shares (equivalent to a subscription rights exercise ratio of 99.0%) were subscribed for in the rights offering
- The limited number of new shares not subscribed for will be sold in the market by the managing banks
Lenzing Aktiengesellschaft (“Lenzing” or the “Company”) announced a fully underwritten capital increase against contribution in cash with subscription rights for existing shareholders resulting in the issuance of 34,756,362 new no-par value bearer shares with an entitlement to dividends as of January 1, 2026 (the “New Shares”) at a subscription price of EUR 8.65 per New Share (the “Subscription Price”) to raise gross proceeds of approximately EUR 300 mn (the “Rights Offering”). The subscription period for the Rights Offering expires on October 20, 2026, 11:59 p.m. CEST.
Lenzing Rights Offering Achieves 99% Subscription
Lenzing hereby announces that as of October 20, 2026, 4:00 p.m. CEST, 34,411,626 New Shares have been subscribed for in the Rights Offering through the exercise of subscription rights (equivalent to a subscription rights exercise ratio of 99.0%), including 18,159,291 New Shares subscribed for by the syndicate formed by the B&C Group and Suzano S.A., corresponding to approximately 52.25% of the Rights Offering, and 1,344,177 New Shares subscribed for by Oberbank AG, corresponding to approximately 3.87% of the Rights Offering.
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The limited number of New Shares not subscribed for in the Rights Offering will be sold in the market by the managing banks at an offer price at least equal to the Subscription Price.
Settlement and delivery and commencement of trading in the Prime Market segment of the Vienna Stock Exchange of all New Shares under the existing ISIN AT0000644505 are expected on October 23, 2026, conditional upon the registration of the implementation of the capital increase with the companies register. The right to terminate the offer is reserved.
