EQS-News: Lenzing Aktiengesellschaft: Successful completion of capital increase

EQS-News: Lenzing AG / Key word(s): Capital Increase
   Lenzing Aktiengesellschaft: Successful completion of capital increase

   21.10.2026 / 08:00 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
   UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN
   WHICH SUCH DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE THE
   IMPORTANT INFORMATION AT THE END OF THIS COMMUNICATION.

    
   Lenzing Aktiengesellschaft: Successful completion of capital increase

     • A total of 34,756,362 new shares will be issued with gross proceeds of
       approximately EUR 301.2 mn
     • 34,411,626 new shares (equivalent to a subscription rights exercise
       ratio of 99%) were subscribed for in the rights offering.
     • The limited number of new shares not subscribed for were sold in the
       market by the managing banks.
     • Lenzing intends to use the gross proceeds of EUR 301.2 mn to support
       the implementation of its “Grow Nonwovens, Reset Textiles” corporate
       strategy and to strengthen its capital structure

   Lenzing, October 21, 2026 – Lenzing Aktiengesellschaft ("Lenzing" or
   the "Company") has successfully completed its capital increase against
   contribution in cash with subscription rights for existing shareholders
   announced on October 1, 2026. A total of 34,756,362 new no-par value
   bearer shares with an entitlement to dividends as of 1 January 2026 (the
   “New Shares”) were offered to existing shareholders at a subscription
   price of EUR 8.65 per New Share by way of a rights offering (the “Rights
   Offering”).

   At the end of the subscription period, 34,411,626 New Shares were
   subscribed for in the Rights Offering through the exercise of subscription
   rights (equivalent to a subscription rights exercise ratio of 99%),
   including 18,159,291 New Shares subscribed for by the syndicate formed by
   the B&C Group and Suzano S.A., corresponding to approximately 52.25 % of
   the Rights Offering, and 1,344,177 New Shares subscribed for by Oberbank
   AG, corresponding to approximately 3.87% of the Rights Offering. The
   limited number of New Shares not subscribed for in the Rights Offering
   were sold in the market by the managing banks.

   “The successful completion of the capital increase is a strong signal of
   confidence in Lenzing and our strategic transformation and marks a key
   step in its implementation. With a strengthened financial foundation, we
   will continue to execute ‘Grow Nonwovens, Reset Textiles’ with
   determination and position Lenzing for sustainable, profitable growth,”
   says Georg Kasperkovitz, CEO of the Lenzing Group.

   The gross proceeds of approximately EUR 301.2 mn will provide Lenzing with
   additional financial flexibility, support the implementation of its "Grow
   Nonwovens, Reset Textiles" strategy, and further strengthen the Company's
   capital structure. The strategy focuses on significantly expanding the
   nonwovens business, sharpening the textiles business toward differentiated
   premium segments and strategic customer partnerships, and further
   strengthening the profitable pulp and biorefinery business. Over the
   medium term, Lenzing aims to increase EBITDA by EUR 150 mn, achieve an
   EBITDA margin of 20 to 25 percent, and reduce net leverage to below 2.5x
   EBITDA.

   “The capital increase significantly strengthens our equity base and
   financial flexibility. Together with our broader financing measures, it
   provides a solid foundation to reduce leverage, manage upcoming maturities
   and fund the transformation of Lenzing to achieve our financial targets in
   the medium-term”, says Mathias Breuer, CFO of the Lenzing Group.

   Settlement of the transaction, including delivery of the New Shares, and
   commencement of trading of all New Shares under the existing ISIN
   AT0000644505 in the Prime Market segment of the Vienna Stock Exchange are
   expected to take place on October 23, 2026, subject to the registration of
   the consummation of the capital increase with the companies register.

    

   Photo download:

   [1]https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=H5X3C3E7r1c0

    

   Your contact for                 
                                    
   Media Relations:                Investor Relations: 
                                    
   Corporate Communications        Investor Relations Team
   Lenzing Aktiengesellschaft      Lenzing Aktiengesellschaft 
   Werkstraße 2, 4860 Lenzing,     Werkstraße 2, 4860 Lenzing, Austria 
   Austria                          
                                   Phone  +43 7672 701 8947 
   Phone  +43 664 6112534          E-mail   [4][email protected] 
   E-mail  [2][email protected]    Web       [5]www.lenzing.com  
   Web     [3]www.lenzing.com       
    

    

   About the Lenzing Group
    
   The Lenzing Group  is an internationally  operating company that  develops
   and  manufactures  wood-based  product  solutions  for  the  textile   and
   nonwovens industries.  As  one of  the  few companies  worldwide,  Lenzing
   combines the  production of  cellulose fibers  and filaments,  as well  as
   dissolving wood pulp  and biorefinery  products, under  one roof,  thereby
   covering  key  stages  of  the  production  process  in-house.   Lenzing’s
   wood-based specialty fibers and filaments are developed to meet  demanding
   and highly specialized customer requirements and applications and are used
   in a wide range of end products, including apparel, home textiles, hygiene
   products, as  well  as  medical  and  industrial  applications.  They  are
   marketed under  the  TENCEL™,  LENZING™ ECOVERO™,  VEOCEL™,  and  LENZING™
   product brands.
    
   More information on [6]www.lenzing.com
    
   Key Facts & Figures Lenzing Group 2025
   Revenue: EUR 2.60 bn
   Nominal capacity (fibers): 1,110,000 tonnes
   Employees (full-time equivalents): 7,738
    
   TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™, and REFIBRA™ are trademarks
   of Lenzing AG.

    

   Important Notice

   These materials may not be distributed or published, directly or
   indirectly, in 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 publication would be unlawful.

   These materials do not constitute, and are not part of, an offer or
   solicitation to purchase or subscribe for securities in the United States,
   Australia, Canada or Japan or in any other jurisdiction in which such an
   offer or solicitation may be unlawful. The securities referred to herein
   have not been and will not be registered under the U.S. 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
   offering of the securities in the United States.

   In the United Kingdom, this document is being distributed only to, and is
   directed only at, persons who are “qualified investors” within the meaning
   of the Public Offers and Admissions to Trading Regulations 2024 (the
   “POATRs”) and who are also (i) investment professionals falling within
   Article 19(5) of the Financial Services and Markets Act 2000 (Financial
   Promotion) Order 2005, as amended (the “Order”), or (ii) persons falling
   within Article 49(2)(a) to (d) of the Order (high-net-worth companies,
   unincorporated associations, etc.), or (iii) persons to whom an invitation
   or inducement to engage in investment activity, within the meaning of
   section 21 of the Financial Services and Markets Act 2000, in connection
   with the issue or sale of securities may otherwise lawfully be
   communicated or caused to be communicated (all such persons together being
   referred to as “relevant persons”). This document is directed only at
   relevant persons and must not be acted on or relied on by persons who are
   not relevant persons. Any investment or investment activity to which this
   document relates is available only to relevant persons and will be engaged
   in only with relevant persons. This document does not constitute a public
   offer of securities in the United Kingdom within the meaning of the
   POATRs. Any offer of securities in the United Kingdom will be made solely
   in accordance with the POATRs and the applicable FCA rules.

   In the Member States of the European Economic Area other than Austria,
   this communication is directed only at persons who are “qualified
   investors” within the meaning of point (e) of Article 2 of Regulation (EU)
   2017/1129 of the European Parliament and of the Council of 14 June 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 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.

   Information in this announcement

   The information contained in this announcement is for information purposes
   only and does not purport to be complete. No person may rely, for any
   purpose, on the information contained in this announcement or on its
   accuracy, fairness or completeness.

   The information contained in this announcement is subject to change.
   Before making an investment decision in relation to any securities to
   which this announcement relates, persons viewing this announcement should
   ensure that they fully understand and accept the risks that will be set
   out in the securities prospectus, if published. No reliance may be placed,
   for any purpose, on the information contained in this announcement or on
   its accuracy or completeness.

   This communication does not constitute a recommendation concerning any
   potential offering. The value of shares may go down as well as up.
   Potential investors should seek advice from a professional adviser as to
   the suitability of any potential offering for the person concerned.
   Nothing in this communication constitutes, or should be construed as,
   investment, tax, financial, accounting or legal advice.

   Certain data contained in this communication, including financial,
   statistical and operational information, have been rounded. As a result of
   such rounding, the totals of data presented in this communication may vary
   slightly from the actual arithmetic totals of such data.

   Forward-looking statements

   Certain statements contained in this communication may constitute
   “forward-looking statements”, which involve a number of risks and
   uncertainties. Forward-looking statements are generally identifiable by
   the use of the words “may”, “will”, “should”, “plans”, “expects”,
   “assumes”, “estimates”, “believes”, “intends”, “forecasts”, “target” or
   “aim”, or the negative of these words or other variations of these words
   or comparable terminology. Forward-looking statements are based on
   assumptions, projections, estimates, forecasts, opinions or plans that, by
   their nature, are subject to significant risks, uncertainties and
   contingencies that are subject to change. The Company does not make, and
   will not make, any representation that any forward-looking statement will
   be achieved or will prove to be correct.

   Actual future business conditions, financial condition, results of
   operations and prospects may differ materially from those projected or
   forecast in the forward-looking statements. The Company and the Joint
   Bookrunners and their respective affiliates therefore expressly disclaim
   any obligation, and do not intend, to publicly update or revise any
   forward-looking statements or any other information contained in this
   press release, whether as a result of new information, future events or
   otherwise, except as required by law.

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   21.10.2026 CET/CEST This Corporate News was distributed by [7]EQS Group

   View original content: [8]EQS News

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

   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)
   LEI Code:    529900BKFJBI0QRDJH63
   EQS News ID: 2419204


    
   End of News EQS News Service


   2419204  21.10.2026 CET/CEST

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