EQS-Adhoc: Lenzing AG: Lenzing AG revises its dividend policy

EQS-Ad-hoc: Lenzing AG / Key word(s): Dividend/Strategic Company Decision
   Lenzing AG: Lenzing AG revises its dividend policy

   21-Jun-2022 / 19:17 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group
   AG.
   The issuer is solely responsible for the content of this announcement.

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   Lenzing AG revises its dividend policy

     • Minimum dividend of EUR 4.50 per share as of the 2023 financial year

   Lenzing – Having concluded its strategy update, the Managing Board of
   Lenzing AG decided to revise its dividend policy today. This demonstrates
   Lenzing’s confidence in its ambitious growth plans and its ability to
   consistently providing attractive dividends to shareholders.

   As of the 2023 financial year (with payment scheduled for 2024), Lenzing
   plans to pay an annual dividend of at least EUR 4.50 per share (adjusted
   for inflation for the years thereafter). The revised dividend policy is
   subject to the approval of the Supervisory Board.

   The payment of the dividend in any year will be subject to the specific
   dividend proposals of the Managing Board and the Supervisory Board. These
   proposals may deviate from the new dividend policy if appropriate under
   the then prevailing circumstances and will be subject to the approval of
   the Annual General Meeting.

    

   Your contact for                                          
   Public Relations:                               Investor Relations:
                                                             
   Dominic Köfner                                     Sébastien Knus
   Vice President Corporate Communications &  Vice President Capital Markets
   Public Affairs                               Lenzing Aktiengesellschaft
   Lenzing Aktiengesellschaft                  Werkstraße 2, 4860 Lenzing,
   Werkstraße 2, 4860 Lenzing, Austria                   Austria
                                                             
   Phone   +43 7672 701 2743                   Phone     +43 7672 701 3599
   E-mail   [1][email protected]             E-mail     [3][email protected]
   Web      [2]www.lenzing.com                Web        [4]www.lenzing.com
    

    

   About the Lenzing Group
    
   The Lenzing  Group  stands  for  ecologically  responsible  production  of
   specialty fibers  made  from  the  renewable  raw  material  wood.  As  an
   innovation leader, Lenzing  is a  partner of global  textile and  nonwoven
   manufacturers and drives many new technological developments.
    
   The Lenzing Group’s high-quality  fibers form the basis  for a variety  of
   textile applications ranging from elegant clothing to versatile denims and
   high-performance sports clothing.  Due to their  consistent high  quality,
   their biodegradability and compostability  Lenzing fibers are also  highly
   suitable for hygiene products and agricultural applications.
    
   The business  model  of  the Lenzing  Group  goes  far beyond  that  of  a
   traditional fiber  producer. Together  with  its customers  and  partners,
   Lenzing develops innovative products along the value chain, creating added
   value  for  consumers.  The  Lenzing  Group  strives  for  the   efficient
   utilization and processing of  all raw materials  and offers solutions  to
   help redirect the textile sector  towards a closed-loop economy. In  order
   to reduce the speed of global warming and to accomplish the targets of the
   Paris Climate Agreement and the “Green Deal” of the EU Commission, Lenzing
   has a clear vision: namely to make a zero-carbon future come true.
    
   Key Facts & Figures Lenzing Group 2021
   Revenue: EUR 2.19 bn
   Nominal capacity: 1,145,000 tonnes
   Number of employees (headcount): 7,958
    
   TENCEL™, VEOCEL™, LENZING™,  REFIBRA™, ECOVERO™,  LENZING MODAL™,  LENZING
   VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG.

    

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   21-Jun-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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   Language:    English
   Company:     Lenzing AG
                4860 Lenzing
                Austria
   Phone:       +43 7672-701-0
   Fax:         +43 7672-96301
   E-mail:      [email protected]
   Internet:    www.lenzing.com
   ISIN:        AT0000644505
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1380649


    
   End of Announcement EQS News Service


   1380649  21-Jun-2022 CET/CEST

References

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