Austria: Schoenherr advises Wienerberger AG on the successful placement of 2.5 million treasury shares through accelerated bookbuilding

On 3 September 2021, Wienerberger AG closed the sale of an aggregate 2,500,000 treasury shares (ISIN AT0000831706), i.e. 2.2 % of the Company's share capital, which were placed with institutional investors by means of an accelerated private placement (accelerated bookbuilding). The sale price per share amounts to EUR 32.50, and gross sale proceeds total approx. EUR 81.25m. The sale of treasury shares was subject to the exclusion of subscription rights of existing shareholders and was conducted under Wienerberger's resale programme for treasury shares published on 23 July 2021. J.P. Morgan acted as sole global coordinator and joint bookrunner for the transaction. Erste Group and UniCredit were also active as joint bookrunners.

Wienerberger intends to use the net sales proceeds, amongst others, to take advantage of growth opportunities in water and energy management within Wienerberger Piping Solutions and for general corporate purposes.

"The successful placement of treasury shares with institutional investors, which was oversubscribed multiple times, shows the significant interest of investors in Wienerberger and its future development," said Schoenherr partner and co-head of the firm's capital markets practice Christoph Moser. "We are very pleased that the company relied on our expertise in relation to this challenging transaction."

Wienerberger is a leading international supplier of building materials and infrastructure solutions, offering durable and sustainable products for new build, renovation, and infrastructure. Wienerberger shares are listed on the Official Market of the Vienna Stock Exchange. The company has been listed on the Vienna Stock Exchange since 1869 and is a pure free float company, with 100 % of the shares held in free float.

The Schoenherr team consisted of Christoph Moser (lead partner), Ursula Rath (partner), Sascha Schulz (counsel) and Hubertus Forsthuber.

Clifford Chance, Frankfurt am Main, acted as international counsel to the joint bookrunners J.P. Morgan, Erste Group and UniCredit.