Lenzing AG: Release according to Article 135, Section 2 BörseG with the objective of Europe-wide distribution
June 28, 2024 at 08:21 pm IST
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EQS Voting Rights Announcement: Lenzing AG
Lenzing AG: Release according to Article 135, Section 2 BörseG with the objective of Europe-wide distribution
28.06.2024 / 16:49 CET/CEST
Dissemination of a Voting Rights Announcement transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Overview
Issuer: Lenzing Aktiengesellschaft
Reason for the notification:
Acquisition/disposal of financial or other instruments
Person subject to notification obligation:
Name: B&C Privatstiftung
City: Vienna
Country: Austria
Name of shareholder(s): B&C Holding GmbH, B&C Ares Holding GmbH
Date on which the threshold was crossed or reached: 26.06.2024
Total positions
% of voting rights attached to shares (7.A)
% of voting rights through financial/other instruments (7.B.1 + 7.B.2)
Total of both in % (7.A + 7.B)
Total number of voting rights of issuer
Resulting situation on the date on which threshold was crossed / reached
52,25 %
0,00 %
52,25 %
38 618 180
Position of previous notification (if applicable)
50,00 %
Details
Notified details of the resulting situation:
A: Voting rights attached to shares
ISIN Code
Number of voting rights
% of voting rights
Direct
(Sec 130 BörseG 2018)
Indirect
(Sec 133 BörseG 2018)
Direct
(Sec 130 BörseG 2018)
Indirect
(Sec 133 BörseG
2018)
AT0000644505
20 177 020
52,25 %
SUBTOTAL A
20 177 020
52,25 %
B 1: Financial / Other Instruments pursuant to Sec. 131 para. 1 No. 1 BörseG 2018
Type of instrument
Expiration Date
Exercise Period
Number of voting
rights that may be
acquired if the
instrument is exercised
% of voting rights
SUBTOTAL B.1
B 2: Financial / Other Instruments pursuant to Sec. 131 para. 1 No. 2 BörseG 2018
Type of instrument
Expiration Date
Exercise Period
Physical /
Cash Settlement
Number of
voting rights
% of voting rights
SUBTOTAL B.2
Information in relation to the person subject to the notification obligation:
Full chain of controlled undertakings through which the voting rights and/or the financial/other instruments are effectively held starting with the ultimate controlling natural person or legal entity:
No.
Name
Directly controlled by No.
Shares held directly (%)
Financial/other instruments held directly (%)
Total of both (%)
1
B&C Privatstiftung
2
B&C Holding Österreich GmbH
1
3
B&C KB Holding GmbH
2
50,00 %
50,00 %
4
B&C Epsilon Zweite Holding GmbH
1
25,00 %
25,00 %
5
B&C Delta Zweite Holding GmbH
2
6
B&C Ares Holding GmbH
2
2,25 %
2,25 %
In case of proxy voting
Date of general meeting: -
Voting rights after general meeting: is equivalent to voting rights
Other comments:
Through its indirect subsidiaries B&C KB Holding GmbH (formerly B&C LAG Holding GmbH) and B&C Ares Holding GmbH, B&C Privatstiftung holds a total of 20,177,020 voting rights (corresponding to around 52.25% of the share capital and voting rights) in Lenzing Aktiengesellschaft.
In the course of an intra-group demerger for absorption, the shareholding in B&C Delta Zweite Holding GmbH is to be spun off to B&C Epsilon Zweite Holding GmbH. This demerger is subject to the condition precedent that B&C Delta Zweite Holding GmbH acquires 9,654,545 voting rights (corresponding to 25% of the share capital and voting rights) in Lenzing Aktiengesellschaft from B&C KB Holding GmbH in the course of a further demerger.
With the implementation of this demerger, the chain of controlled undertakings will change with regard to these 9,654,545 voting rights (corresponding to 25% of the share capital and voting rights) in Lenzing Aktiengesellschaft. The voting rights indirectly affected by this demerger are hereby disclosed as a financial instrument pursuant to section 131 BörseG 2018.
Receipt of participation notification on 28.06.2024
Lenzing AG is one of the world's leading producers of cellulose fibers for use in the textile and non-woven industries. Net sales break down by activity as follows:
- sale of fibers (81.6%);
- sale of pulp (18.2%);
- other (0.2%).
Net sales are distributed geographically as follows: Austria (5.2%), Europe (29%), Asia (55.9%), Americas (9.3%) and other (0.6%).