In a Gutsy Move, BayWa AG Determines EUR 2.79 Price for Uniform Cash Capital Increase According to Restructuring Plan

In an interesting maneuver, BayWa AG has stepped up in its mission to restructure. This time the approach involves a spacious uniform cash capital increase, with the subscription price for each new share set tight at EUR 2.79. The restructuring plan, which apparently underscores this capital increase, is an ambitious strategy aimed at bolstering the energy company’s financial footing. The share capital of the Munich-based company currently stands at an impressive EUR 92,497,210.88, which after the launch of up to 72,263,446 new registered, transfer-restricted shares, could see a noteworthy surge of up to EUR 184,994,421.76. The resultant total would stand at EUR 277,491,632.64. The touted restructuring plan allows shareholders of BayWa AG to subscribe in a ratio of 1 to 2. In other words, each old share allows the holder to subscribe for two new ones. The capital increase progression would be carried out in two tranches, starting with only the two anchor shareholders, Bayerische Raiffeisen-Beteiligungs-Aktiengesellschaft and Raiffeisen Agrar Invest AG, allowed a subscription in the first tranche, while all other shareholders have to wait for the second tranche. The approval for the implementation of this first tranche has already been given by the Management Board, with the blessing of the Supervisory Board. As part of the first tranche of the capital increase, a total of 44,894,938 New Shares will be available for subscription by the anchor shareholders according to their previous shareholdings. By the design of the restructuring plan, these two anchor shareholders have already committed to exercising their subscription rights during the subscription period of the first tranche. This is expected to generate up to a total subscription price of EUR 125 million. Once this has been completed, the next step will be to offer further new shares to all other shareholders in the second tranche. The subscription price will again be EUR 2.79 per New Share and in the ratio of 1 to 2. The subscription period is likely to start from mid-October 2025, with the anchor shareholders committed to subscribe for more shares in the second tranche. This commitment is designed to help ensure minimum total proceeds from the capital increase of EUR 150 million, providing extra confidence and financial stability to this ambitious restructuring drive.