EQS-Adhoc: Lenzing AG: Lenzing: Preliminary results of rights offering and launch of international private placement

EQS-Ad-hoc: Lenzing AG / Key word(s): Capital Increase
   Lenzing AG: Lenzing: Preliminary results of rights offering and launch of
   international private placement

   05-Jul-2023 / 18:09 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
   Group AG.
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
   WHOLE OR PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED
   STATES, CANADA, JAPAN, SOUTH AFRICA OR AUSTRALIA OR ANY OTHER JURISDICTION
   WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT
   INFORMATION AT THE END OF THIS NOTIFICATION.

    

   Lenzing: Preliminary results of rights offering and launch of
   international private placement

     • 12,009,820 new shares (equivalent to a subscription rights exercise
       ratio of 99.52%) were subscribed for in the rights offering
     • International private placement will be launched – up 58,360 new
       shares are offered

   Lenzing – On 16 June 2023, 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 12,068,180 new no-par value bearer shares
   with an entitlement to dividends as of 1 January 2023 (the “New Shares”)
   at a subscription price of EUR 33.10 per New Share (the “Subscription
   Price”) to raise gross proceeds of approximately EUR 400 million (the
   “Rights Offering”). The subscription period for the Rights Offering
   expires on 5 July 2023, 11:59 p.m. CEST.

   Lenzing hereby announces that as of 5 July 2023, 5:15 p.m. CEST,
   12,009,820 New Shares have been subscribed for in the Rights Offering
   through the exercise of subscription rights, including 6,305,315 New
   Shares subscribed for by B&C Group, corresponding to approximately 99.52%
   of the Rights Offering.

   New Shares that have not been subscribed for by existing shareholder or
   holders of subscription rights will be offered to institutional investors
   in private placements (the “International Private Placement”). The
   International Private Placement will be launched at an offer price at
   least equal to the Subscription Price in the Rights Offering.

   The Rights Offering is fully underwritten subject to certain conditions by
   the underwriters. Accordingly, any New Shares not subscribed for in the
   Rights Offering or placed in the International Private Placement will be
   allocated and subscribed for by the underwriters.

   Upon completion of the International Private Placement, the offer price
   for the International Private Placement will be determined by the
   management board of the Company with the approval of the special committee
   of the supervisory board. The offer price in the International Private
   Placement is expected to be determined in the early morning of 6 July 2023
   and will be published in a separate announcement.

   Settlement and delivery and trading in the Prime Market segment of the
   Vienna Stock Exchange of all New Shares under the existing ISIN
   AT0000644505 is expected on 10 July 2023, conditional upon the
   registration of the capital increase with the companies register. The
   right to terminate the offer is reserved.

   Important Notice

   These materials are not for distribution or release, directly or
   indirectly, in or into the United States (including its territories and
   possessions, any State of the United States and the District of Columbia),
   Australia, Canada, Japan or any other jurisdiction in which such
   distribution or release would be unlawful. These materials do not
   constitute or form a part of any offer or solicitation to purchase or
   subscribe for securities in the United States, Australia, Canada or Japan,
   or any other jurisdiction in which such offer or solicitation may be
   unlawful. The securities mentioned herein have not been, and will not be,
   registered under the US Securities Act of 1933, as amended (the
   “Securities Act”). The securities may not be offered or sold in the United
   States, absent registration or an exemption from the registration
   requirements of the Securities Act. There will be no public offer of the
   securities in the United States.

   This communication is only being distributed to and is only directed at
   (i) persons who are outside the United Kingdom or (ii) investment
   professionals falling within Article 19(5) of the Financial Services and
   Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii)
   high net worth companies, and other persons to whom it may lawfully be
   communicated, falling within Article 49(2)(a) to (d) of the Order (all
   such persons together being referred to as “relevant persons”). The
   securities described herein are only available to, and any invitation,
   offer or agreement to subscribe, purchase or otherwise acquire such
   securities will be engaged in only with, relevant persons. Any person who
   is not a relevant person should not act or rely on this document or any of
   its contents.

   In the member states of the European Economic Area other than Austria,
   this release is only addressed to and directed at persons who are
   “qualified investors” within the meaning of Article 2(e) of Regulation
   (EU) 2017/1129 of the European Parliament and of the Council of June 14,
   2017 on the prospectus to be published when securities are offered to the
   public or admitted to trading on a regulated market (the “Prospectus
   Regulation”).

   This publication constitutes neither an offer to sell nor a solicitation
   to buy securities of Lenzing Aktiengesellschaft. The offer is being made
   solely by means of, and on the basis of, the published securities
   prospectus (including any amendments thereto, if any) approved by the
   Austrian Financial Market Authority (“FMA”). An investment decision
   regarding the publicly offered securities of Lenzing Aktiengesellschaft
   should only be made on the basis of the securities prospectus (including
   any amendments thereto, if any) available in electronic form on the
   Company’s website ([1]https://www.lenzing.com/capital-increase-2023). A
   printed copy is available upon request at the seat of the Company at
   Werkstraße 2, 4860 Lenzing, Austria during normal business hours.

   Stabilisation / EU Regulation 2014/596 / EU Regulation 2016/1052 /
   Austrian law.

   This announcement does not constitute an offer to purchase securities or
   solicitation of an offer to purchase securities in any jurisdiction.

    

   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   [2]media@lenzing.com             E-mail     [4]s.knus@lenzing.com
   Web      [3]www.lenzing.com                Web        [5]www.lenzing.com
    

   End of Inside Information

   ══════════════════════════════════════════════════════════════════════════

   05-Jul-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     Lenzing AG
                4860 Lenzing
                Austria
   Phone:       +43 7672-701-0
   Fax:         +43 7672-96301
   E-mail:      office@lenzing.com
   Internet:    www.lenzing.com
   ISIN:        AT0000644505
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1673547


    
   End of Announcement EQS News Service


   1673547  05-Jul-2023 CET/CEST

References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=638590402478cb24aac2a5717b6076b9&application_id=1673547&site_id=apa_ots_austria&application_name=news
   2. mailto:media@lenzing.com
   3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5803f22d982f72dcc3d9f0027e178e6b&application_id=1673547&site_id=apa_ots_austria&application_name=news
   4. mailto:s.knus@lenzing.com
   5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5803f22d982f72dcc3d9f0027e178e6b&application_id=1673547&site_id=apa_ots_austria&application_name=news

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT |

print