Lenzing AG reports that 34.41 million new shares were subscribed for through the exercise of existing shareholders’ rights, with the remaining shares to be sold by the managing banks.
Lenzing Aktiengesellschaft has announced preliminary results for its rights offering, with 34,411,626 new shares subscribed for as of 4:00 p.m. CEST on 20 October 2026. This represents a subscription rights exercise ratio of 99.0% of the total offering.
The capital increase was announced on 1 October 2026 and involves the issuance of 34,756,362 new no-par-value bearer shares at a subscription price of EUR 8.65 per share. The fully underwritten offering is intended to raise gross proceeds of approximately EUR 300 million.
The new shares carry dividend entitlement from 1 January 2026.
B&C Group–Suzano Syndicate and Oberbank Participate
According to Lenzing, 18,159,291 new shares were subscribed for by the syndicate formed by B&C Group and Suzano S.A. This represents approximately 52.25% of the total rights offering.
Oberbank AG subscribed for a further 1,344,177 new shares, equivalent to approximately 3.87% of the offering.
The limited number of shares that were not subscribed for through the exercise of subscription rights will be sold in the market by the managing banks. The offer price for these shares will be at least equal to the subscription price of EUR 8.65 per share.
Trading Expected to Begin on 23 October
Settlement and delivery of all new shares, together with the commencement of trading in the Prime Market segment of the Vienna Stock Exchange, are expected on 23 October 2026.
The new shares are expected to trade under the company’s existing International Securities Identification Number (ISIN), AT0000644505. Completion remains conditional on registration of the capital increase with the companies register. Lenzing has also reserved the right to terminate the offer.
Investor Information and Important Notice
Lenzing has stated that the announcement is for information purposes only and does not constitute an offer to sell or a solicitation to purchase securities. Any investment decision should be based on the published securities prospectus, including any amendments, where applicable.
The company’s official capital increase information is available on its investor website: https://www.lenzing.com/investors/capital-measures/capital-increase-2026/
The original announcement also contains jurisdiction-specific distribution restrictions and legal notices concerning the securities offering. Investors should review the official documentation and seek advice from a qualified professional before making investment decisions.