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28.02.2017 – 08:54

Lenzing AG

EANS-Adhoc: Lenzing AG
Lenzing Management Board Proposes Dividend Increase and Payment of a Special Dividend

  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is solely responsible for the content of this announcement.
Dividend Announcements/Distribution/Company Information

In addition to raising the dividend to EUR 3.00 per share, the management board
of Lenzing AG proposes to pay out a special dividend amounting to EUR 1.20 per

Lenzing - The management board of Lenzing AG has resolved to propose an increase
in the dividend to be distributed for the 2016 financial year to EUR 3.00 per
share (2015: EUR 2.00) on the basis of its preliminary, not finally audited
results. Moreover, the management of the world's leading producer of botanic
cellulose fibers also proposes payment of a special dividend totaling EUR 1.20
per share. 

The proposal on the appropriation of the group net profit for the year reflects
the positive development of all key economic performance indicators of the
company. The final indicators and the outlook of the Lenzing AG on the current
fiscal year will be announced on March 22, 2017.

Accordingly, the total dividend payment to shareholders will amount to about EUR
122 mn, subject to the consent of the supervisory board at its meeting scheduled
for March 15, 2017 to focus on the consolidated financial statements for 2016
and pending approval by shareholders at the annual shareholders' meeting to be
held on April 25, 2017.

Further inquiry note:
Lenzing AG
Mag. Waltraud Kaserer
Vice President Corporate Communications & Investor Relations
Tel.: +43 (0) 7672 701-2713

end of announcement                               euro adhoc 

issuer:      Lenzing AG
             A-A-4860 Lenzing
phone:       +43 7672-701-0
FAX:         +43 7672-96301
sector:      Chemicals
ISIN:        AT0000644505
indexes:     WBI, ATX, Prime Market
stockmarkets: official market: Wien 
language:   English

Original content of: Lenzing AG, transmitted by news aktuell