Lenzing launched EUR 300 million rights issue: Lenzing stock gains 3.45 percent

Published on 10/14/2026 at 11:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The offer price is EUR 8.65 per new share for 34,756,362 planned shares. Lenzing stock costs EUR 11.11 on October 14, 2026 versus the EUR 10.74 Xetra close.

Capital raise and analyst reset

Lenzing targeted EUR 300 million from a rights issue on October 1, 2026.
Stock-World reported on October 6, 2026 that Berenberg cut its target from EUR 29.50 to EUR 17.00.
Lenzing stock trades at EUR 11.11 at 11:44 a.m. CEST on October 14, 2026, 3.45 percent above the Xetra close of October 13, 2026.

Lenzing, AT0000644505, Illustration mit AI erstellt.

Lenzing (ISIN AT0000644505) was trading at EUR 11.11 at Lang & Schwarz on October 14, 2026 at 11:44 a.m. CEST, up 3.45 percent versus the Xetra close of October 13, 2026 at EUR 10.74. The company had launched a fully underwritten rights issue targeting EUR 300 million on October 1, 2026, according to EQS News.

Capital raise reshapes funding

The transaction covers 34,756,362 new shares at a subscription price of EUR 8.65 each. The offer price represents a 42.50 percent discount to the theoretical ex-rights price calculated from the September 30, 2026 closing price.

The subscription ratio is 10 new shares for every 10 existing shares held? No. The correct ratio is 9 new shares for every 10 existing shares. Lenzing said the proceeds would support its Grow Nonwovens, Reset Textiles strategy and strengthen its capital structure, while the offering is fully underwritten by the syndicate banks and shareholder commitments.

Capital raise timeline

On October 1, 2026, Lenzing set the EUR 300 million target and the EUR 8.65 subscription price. From October 6, 2026, rights trading began with a 9-for-10 subscription ratio. On October 14, 2026, the scheduled rights-trading period ends, according to Vienna Stock Exchange.

What comes next for shareholders?

The subscription period is scheduled to run through October 20, 2026, with an international private placement of unsubscribed shares planned for that date. Settlement and trading in the new shares under the existing ISIN are expected to begin on October 23, 2026, subject to registration of the capital increase.

The financing terms also sit alongside a sharper analyst stance. Stock-World reported on October 6, 2026 that Berenberg cut its rating from Buy to Hold and reduced its price target from EUR 29.50 to EUR 17.00. The target revision adds an explicit valuation counterweight to the capital raise.

Stock trades above Xetra close

Lenzing stock was trading at EUR 11.11 at Lang & Schwarz on October 14, 2026 at 11:44 a.m. CEST, 3.45 percent above the Xetra close of October 13, 2026 at EUR 10.74. The 52-week range was EUR 10.38 to EUR 29.60, while market capitalization stood at EUR 563.9 million as of October 14, 2026. The further course of trading is shown by the continuously updated real-time quote of Lenzing stock.