Lenzing Reports 99% Subscription Rights Exercise in €300 Million Capital Increase

Shareholders subscribed for 34.41 million new shares, while the remaining unsubscribed shares will be sold in the market by the managing banks.

Lenzing Aktiengesellschaft has announced preliminary results of its rights offering, with 34,411,626 new shares subscribed for through the exercise of subscription rights. This represents a subscription rights exercise ratio of 99.0%.

The capital increase, announced on October 1, 2026, involves the issuance of 34,756,362 new no-par value bearer shares at a subscription price of €8.65 per share, targeting gross proceeds of approximately €300 million. The new shares carry dividend entitlement from January 1, 2026.

B&C Group and Suzano Participate in the Offering

As of October 20, 2026, at 4:00 p.m. CEST, the syndicate formed by the B&C Group and Suzano S.A. had subscribed for 18,159,291 new shares, representing approximately 52.25% of the rights offering.

Oberbank AG subscribed for a further 1,344,177 new shares, equivalent to approximately 3.87% of the offering.

The subscription period was scheduled to expire on October 20, 2026, at 11:59 p.m. CEST.

Remaining Shares to Be Sold in the Market

The limited number of new shares not subscribed for through the rights offering will be sold in the market by the managing banks. The offer price will be at least equal to the subscription price of €8.65 per share.

Trading Expected to Begin on October 23

Settlement, delivery and the commencement of trading for all new shares in the Prime Market segment of the Vienna Stock Exchange are expected on October 23, 2026, under the existing ISIN AT0000644505.

The completion of these steps is conditional upon registration of the implementation of the capital increase with the companies register. Lenzing has also reserved the right to terminate the offer.