Lenzing Aktiengesellschaft has announced preliminary results for its rights offering, with shareholders subscribing for 34,411,626 new shares. This represents a subscription rights exercise ratio of 99% of the total offering.
On October 1, 2026, Lenzing announced a fully underwritten capital increase through a cash contribution and subscription rights for existing shareholders. The company plans to issue 34,756,362 new no-par value bearer shares at a subscription price of EUR 8.65 per share. The offering aims to raise gross proceeds of approximately EUR 300 million.
The new shares carry dividend rights from January 1, 2026. The subscription period ended on October 20, 2026, at 11:59 p.m. CEST.
Key Investors Participate in the Offering
The B&C Group and Suzano S.A. syndicate subscribed for 18,159,291 new shares. This represents approximately 52.25% of the total offering. Meanwhile, Oberbank AG subscribed for 1,344,177 new shares, accounting for approximately 3.87% of the offering.
The remaining 344,736 shares that shareholders did not subscribe for will be sold in the market by the managing banks. The offer price will be at least equal to the subscription price of EUR 8.65 per share.
Trading Expected to Begin on October 23
Lenzing expects settlement, delivery and the start of trading for all new shares on the Prime Market segment of the Vienna Stock Exchange on October 23, 2026. However, this remains conditional on the registration of the capital increase with the companies register.
All new shares will trade under the existing ISIN AT0000644505. The company has also reserved the right to terminate the offering.
