Lenzing AG

EANS-Adhoc: Lenzing AG
"Re-IPO" of Lenzing AG at an Offer Price of EUR 92


--------------------------------------------------------------------------------
  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
--------------------------------------------------------------------------------
15.06.2011

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

Vienna/Lenzing, June 15, 2011 - Lenzing AG ("Lenzing" or the "Company") and 
B & C Iota GmbH & Co KG ("B & C Iota") as well as B & C Industrieholding GmbH,
both subsidiaries of B & C Privatstiftung (together with its consolidated
affiliates, the "B & C Group" or "B & C"), fixed the offer price for the
offering of new and existing shares of Lenzing (the "Re-IPO") at EUR 92 per
offered share. A total of 6,725,000 shares have been allocated, including
825,000 new shares from a capital increase of Lenzing with subscription rights
("Rights Offering"), 5,351,379 shares from the selling shareholder B & C Iota,
and 548,621 shares from an overallotment option granted by B & C Iota to the
syndicate of banks. Accordingly, the total issue volume, including
overallotments, amounts to approximately EUR 619 million. Lenzing will generate
gross proceeds of approximately EUR 76 million.

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
EUR 712.4 million to EUR 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.


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.


Further inquiry note:
Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 07672-96301
mailto:a.guldt@lenzing.com

end of announcement                               euro adhoc 
--------------------------------------------------------------------------------


issuer:      Lenzing AG
               
             A-A-4860 Lenzing
phone:       +43 7672-701-0
FAX:         +43 7672-96301
mail:     a.guldt@lenzing.com
WWW:      http://www.lenzing.com
sector:      Chemicals
ISIN:        AT0000644505
indexes:     WBI, Prime Market
stockmarkets: free trade: Berlin, official market: Wien 
language: English
 

 

 



Weitere Meldungen: Lenzing AG

Das könnte Sie auch interessieren: