By resolution of the Annual General Meeting from 10 May 2022, the Executive Board is authorised to increase the share capital of the Company, with the approval of the Supervisory Board, by up to EUR 1,000,000,000 by issuing new registered no-par value shares on one or more occasions against cash or non-cash contributions until the end of 9 May 2025 (Authorised Capital A). Shareholders are generally entitled to subscription rights, which may only be excluded by the Executive Board under certain circumstances with the approval of the Supervisory Board. The Executive Board was also authorised, with the approval of the Supervisory Board, to determine further details of the utilisation of the authorised capital and the implementation of capital increases.
A resolution passed at the Annual General Meeting on 7 May 2019 authorised the Executive Board until the end of 6 May 2024, subject to approval by the Supervisory Board, to increase the issued capital of the company by up to EUR 30,000,000, by issuing new registered shares to employees (Authorised Capital B) for payment in cash. Existing shareholders’ subscription rights are excluded.
By resolution of the Annual General Meeting on 10 May 2022, the Executive Board is authorised, with the approval of the Supervisory Board, to issue convertible bonds, bonds with warrants or participating bonds (or combinations of these instruments) ("bonds") with a total nominal value of up to EUR 1,750,000,000 by 9 May 2027. In order to grant shares to the holders or creditors of the aforementioned bonds, the share capital of the Company was conditionally increased by up to EUR 306,044,326.40 by issuing up to 119,548,565 new no-par value registered shares (Conditional Capital).
In addition, the share capital is conditionally increased by up to EUR 122,417,728.00 by issuing up to 47,819,425 new no-par value registered shares. The conditional capital increase will only be implemented to the extent that the holders of conversion rights under the 2020 convertible bond, which was issued by the Company on the basis of the authorisation resolution of the Annual General Meeting on 5 May 2020, exercise their conversion rights and to the extent that no cash settlement is granted in each case.
Details can be found on § 4 of the Articles of Association.
According to AGM resolution from 7 May 2019 the Executive Board is authorised, with the consent of the Supervisory Board, to purchase up to 10 per cent of the nominal capital in its own shares.
This gives Lufthansa, like most established listed companies, additional entrepreneurial flexibility. This flexibility can, inter alia, be used to expand the financing alternatives in the case of acquiring another company or equity shares.
Capital increase 06.2004
In June 2004, Lufthansa undertook a 20 per cent capital increase. The new shares were fully entitled to a dividend for the financial year 2004. They were listed for trading on all German stock exchanges on 17 June.
|Subscription price||9.85 €|
|Gross proceeds of share issue||752 Mio. €|
Capital increase 10.2021
In October 2021, Lufthansa undertook a 50 per cent capital increase. The new shares have the same dividend entitlement as all other Lufthansa shares currently outstanding. They were included in the listing of existing Lufthansa shares on the regulated market of the Frankfurt Stock Exchange and in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) on 11 October 2021.
|Subscription price||3.58 €|
|Gross proceeds of share issue||2,162 Mio. €|