Lenzing AG’s Extraordinary General Meeting, held on August 25, 2026, approved a capital increase through cash contributions while preserving shareholders’ statutory subscription rights. The measure is designed to strengthen the company’s financial structure and provide financial flexibility to implement its newly announced “Grow Nonwovens, Reset Textiles” strategy.
Capital Increase of Approximately €300 Million
Under the resolution approved by shareholders, Lenzing AG will increase its share capital by issuing new no-par value bearer shares. The capital increase will have a volume of approximately €300 million, with existing shareholders retaining their statutory subscription rights.
The capital increase is expected to be completed no later than February 25, 2027. The detailed terms of the offering, including the issue price, will be determined by the Management Board with the approval of the Supervisory Board, in accordance with the resolution passed by the General Meeting and applicable statutory requirements.
Lenzing said the strengthened equity base will improve its balance sheet structure and financial stability while creating greater room for maneuver. The additional financial flexibility is expected to support the company as it executes its strategic priorities under the “Grow Nonwovens, Reset Textiles” plan.
Commenting on the approval, Georg Kasperkovitz, CEO of Lenzing AG, said that the broad shareholder support, particularly from major shareholders B&C Group and Suzano, as well as Oberbank AG, reflects confidence in the company’s strategic realignment.
According to Kasperkovitz, the capital increase represents a key building block for implementing the strategy and is intended to establish the foundation for sustainably improving Lenzing’s profitability and creating long-term value.
Martin Seiter Elected to Supervisory Board
The Extraordinary General Meeting also elected Martin Seiter, MBA, to the Supervisory Board of Lenzing AG. His appointment took effect following the conclusion of the Extraordinary General Meeting and will continue until the end of the Annual General Meeting that votes on the discharge of liability for the 2028 financial year.
Seiter’s election follows the resignation of Dr. Franz Gasselsberger, MBA, who stepped down from the Supervisory Board at his own request at the conclusion of the Extraordinary General Meeting.
Following the change, the Supervisory Board continues to comprise ten members elected by the General Meeting: Carlos Aníbal de Almeida Junior, Cornelius Baur, Helmut Bernkopf, Stefan Fida, Markus Fürst, Leonardo Grimaldi, Patrick Lackenbucher, Gerhard Schwartz, Martin Seiter and Astrid Skala-Kuhmann.
The Supervisory Board also includes five members delegated by the Works Council: Stefan Ertl, Stephan Gruber, Bonita Haag, Helmut Kirchmair and Michael Bichler. Patrick Lackenbucher continues as Chairman of the Supervisory Board.
Supporting Lenzing’s Strategic Realignment
The approved capital increase marks an important financial step in Lenzing’s strategic realignment. By strengthening its equity base, the company aims to improve financial resilience while creating the flexibility required to pursue growth opportunities in nonwovens and reset its textiles business.
The move is expected to play a significant role in Lenzing’s efforts to improve profitability and generate sustainable long-term value as it advances its “Grow Nonwovens, Reset Textiles” strategy.
