Lenzing - Leading Fiber Innovation

Tuesday, 15. June 2010

In Lenzing’s Rights Offering, existing shareholders, other than the B & C Group, exercised approximately 52.7% of their subscription rights. The remaining shares not subscribed for by existing shareholders have been placed among Austrian and international investors. The orders of Austrian retail investors were fully allocated.

As a result of the capital increase, Lenzing's equity capital will increase from € 712.4 million to € 782.2 million. The new shares are expected to commence trading in the Prime Market Segment of the Vienna Stock Exchange on June 17, 2011, and are fully entitled to dividends for the business year 2011.

After the placement of new and existing shares, Lenzing’s free float will increase to approximately 32.4% (34.5% if the greenshoe option is fully exercised).

The Re-IPO will substantially improve Lenzing's long-term access to the capital market. In particular, the capital increase will optimize Lenzing’s funding mix for its planned investment program and future growth. B & C plans to retain its active role as a long-term core and majority shareholder of Lenzing in the future.

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For additional information please contact:
Angelika Guldt
Head of Corporate Communications
Phone: +43 (0) 7672 701-2713
E-Mail: a.guldt@lenzing.com

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA OR JAPAN

Disclaimer: This information is not an offer of securities for sale or a solicitation of an offer to purchase any securities of Lenzing AG. The offering has been completed and the shares offered in this offering have already been placed. The above-mentioned shares of Lenzing AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States absent registration or an exemption from the registration requirements under the Securities Act.

This statement is directed only at persons (i) who are outside the United Kingdom or (ii) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) who fall within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Order (all such persons together being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.