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

2023-07-05 16:11:05

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.

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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: 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 once morest
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   [phone] Phone     [phone]
E-mail [2][email protected] E-mail [4][email protected]
Web [3] www.lenzing.com Web [5] www.lenzing.com

End of Inside Information

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

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Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone: [phone]
Fax: [phone]
E-mail: [email protected]
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

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