Lenzing AG Reports Successful Rights Offering

Lenzing AG, an Austrian company, has announced the preliminary results of its recent rights offering. As of October 20, 2026, a substantial 99% of the new shares were subscribed, totaling 34,411,626 shares. This significant uptake reflects strong confidence in Lenzing's financial strategy.

The rights offering, initiated on October 1, 2026, aims to raise approximately EUR 300 million. Shares were offered at EUR 8.65 each, with existing shareholders given preference. Notably, the B&C Group and Suzano S.A. subscribed to over half of the offering, highlighting their continued investment in the company.

Any unsold shares will be offered by managing banks at prices not lower than the subscription price. The shares, expected to start trading on the Vienna Stock Exchange on October 23, 2026, await registration of the capital increase. This move marks a pivotal step in Lenzing's growth and capital strategy.