EQS-News: Lenzing AG: Lenzing Aktiengesellschaft successfully completes capital increase

EQS-News: Lenzing AG / Key word(s): Capital Increase
   Lenzing AG: Lenzing Aktiengesellschaft successfully completes capital
   increase

   06.07.2023 / 07:30 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   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: Lenzing Aktiengesellschaft successfully completes capital
   increase

     • A total of 12,068,180 new shares will be issued with gross proceeds of
       approximately EUR 400.2 million
     • 12,009,820 new shares (equivalent to a subscription rights exercise
       ratio of 99.52%) were subscribed for in the rights offering, while the
       remaining 58,360 new shares were placed in the international private
       placement
     • The placement price in the international private placement is equal to
       EUR 46.25 per new share

   Lenzing – Lenzing Aktiengesellschaft (“Lenzing” or the “Company”) has
   successfully completed its capital increase against contribution in cash
   with subscription rights for existing shareholders announced on
   June 16, 2023 (the “Offering”). A total of 12,068,180 new no-par value
   bearer shares with an entitlement to dividends as of 1 January 2023 (the
   “New Shares”) were offered to existing shareholders at a subscription
   price of EUR 33.10 per New Share (the “Subscription Price”) by way of a
   rights offering (the “Rights Offering”). At the end of the subscription
   period, 12,009,820 New Shares were subscribed for in the Rights Offering
   through the exercise of subscription rights, including 6,305,315 New
   Shares subscribed for by B&C Group. The remaining 58,360 New Shares for
   which no subscription rights were exercised during the Rights Offering
   have been successfully placed with institutional investors in a private
   placement (the “International Private Placement”) at a placement price of
   EUR 46.25 per New Share, which is the same as the closing price on the
   Vienna Stock Exchange on July 5, 2023.

   “We have been able to hold very constructive and promising discussions
   with numerous investors during our roadshow in recent weeks. We have
   received a wealth of positive feedback from investors, as the market
   clearly recognizes the strong position we hold in addressing the
   megatrends of sustainability and the circular economy. Furthermore, it was
   clearly communicated to us by investors that this capital increase was
   interpreted as a measure with foresight to strengthen our equity position.
   Based on this backing, we are now ready to work even harder to
   successfully implement our strategy,” states Stephan Sielaff, Chief
   Executive Officer of Lenzing.

   Nico Reiner, CFO of the Lenzing Group, adds: “We consider the result of
   the capital increase to be a success and the clear approval of the
   shareholders as a mandate for our future actions. Timing has played a
   crucial role in this move. Instead of speculating about the future, we
   have resolutely seized the opportunity to strengthen the Lenzing Group and
   prepare for the many tasks that lie ahead.”

   The final gross proceeds amount to approximately EUR 400.2 million and
   will be used to strengthen the Company’s balance sheet and liquidity
   position and provide additional flexibility with respect to the Company’s
   financing strategy, as well as support its strategic roadmap.

   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 July 10, 2023, conditional upon the
   registration of the capital increase with the companies register.

   The Company as well as Lenzing’s majority shareholder, B&C KB Holding GmbH
   and B&C Ares Holding GmbH, have agreed to a lock-up period starting on the
   date of the placement agreement and expiring six months after the first
   day of trading of the New Shares, subject to certain exceptions.

   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.

   This publication does not constitute an offer to sell or the solicitation
   of an offer to purchase shares of the Company. The shares offered in
   connection with the public offering have already been placed.

   In any EEA Member State other than Austria, this communication is only
   addressed to and is only directed at “qualified investors” in that Member
   State within the meaning of Article 2(e) of Regulation (EU) 2017/1129.

   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.

    

   Photo download:
   [1]https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=DaViWM0i8JTd
   PIN: DaViWM0i8JTd

    

   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][email protected]             E-mail     [4][email protected]
   Web      [3]www.lenzing.com                Web        [5]www.lenzing.com
    

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   06.07.2023 CET/CEST This Corporate News was distributed 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: 1673687


    
   End of News EQS News Service


   1673687  06.07.2023 CET/CEST

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