EPH Group AG:
2026 Capital Increase
Subscription period:
May 21 to June 26, 2026
ISIN: AT0000A34DM3
WKN: A3EGG4
2026 Capital Increase
EPH Group AG will carry out a cash capital increase in 2026, preserving the subscription rights of existing shareholders. The issue volume amounts to up to approximately EUR 10.3 million. Up to 142,858 new no-par bearer shares are to be issued. The offering price per new share is EUR 72.00. The new shares may be acquired as part of a public offering during the subscription period from 21 May 2026 to 26 June 2026.
Key details at a glance
- Issuer:
- EPH Group AG
- ISIN:
- AT0000A34DM3
- WKN:
- A3EGG4
- Type of transaction:
- Cash capital increase with subscription rights
- Maximum number of new shares:
- 142,858
- Offer price per new share:
- EUR 72.00
- Maximum gross issue volume:
- EUR 10,285,776.00
- Use of proceeds:
- After deducting issuance costs, the net proceeds from the capital increase are to be used primarily to pay purchase prices for secured and future projects, to finance further project developments, and to make interest payments on interest-bearing liabilities.
- Public subscription period:
- May 21, 2026, through June 26, 2026, 12:00 p.m.
Investor Overview: Premium & Luxury Hospitality Development
KEY SHARE PRICE HIGHLIGHTS
First closing price on 19/11/2025: EUR 78
Last share price before pricing: EUR 83
Offer price of the cash capital increase: EUR 72
NuWays Equity Research price target: EUR 102
Upside to price target from offer price: approx. 42%
PORTFOLIO & STRATEGY
9 projects under development in Austria and Germany
3 projects in the pipeline in Austria and Germany
Around 225,000 m² of land area
Approx. 2,400 planned hotel beds
Focus on high-yield projects in the premium and luxury segment
Developments in prime tourist destinations
Objective: above-average exit returns
BUSINESS MODEL
Acquisition of exceptional land plots with significant value appreciation potential
Clearly defined investment criteria
Focus on leading holiday destinations and cities with strong tourist appeal in the premium and luxury segment
Project development and procurement of all required permits
Conclusion of an operator agreement with a leading branded hotel operator
INTELLIGENT CAPITAL STRUCTURE
Capital markets access
The stock exchange listing of EPH Group AG’s shares and bonds increases the visibility of EPH Group AG in the capital markets and opens upadditional financing opportunities.Land-for-equity model
Land sellers receive the purchase price, in whole or in part, in the form of newly issued shares in EPH Group AG, resulting in a correspondingincrease in the company’s equity.Conditionally deferred acquisition
Wherever possible, purchase agreements are concluded subject to the suspensive condition of obtaining the relevant building permits.Project-related bank financing
For each project, the aim is to secure the highest possible level of low-interest bank financing, secured by a first-ranking land charge.
SELECTED PREMIUM PROJECTS
Luxury resort in the Kitzbühel Alps, Austria (300 beds)
Premium resort in Montafon, Austria (500 beds)
Ski-in/ski-out premium resort in Carinthia, Austria (300 beds)
Design hotel on one of Bavaria’s most renowned lakes (220 beds)
ATTRACTIVE MARKET ENVIROMENT FOR THE PREMIUM AND LUXURY SEGMENT
High market volume in Europe
The European luxury travel market generated revenue of USD 538.6 billion in 2025.Attractive growth in Austria
The Austrian luxury travel market is expected to achieve average annual growth of around 8.7% CAGR between 2026 and 2033, based on revenue of USD 9.3 billion generated in 2025.Rapidly growing luxury market
Luxury travel is growing faster than the overall market.
(Source: McKinsey, State of Tourism & Hospitality 2024)
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Disclaimer
The information and documents made available on the following pages relating to the proposed offering of shares of EPH Group AG, Gumpendorfer Straße 26, 1060 Vienna (the “Company”) are provided solely for informational purposes. They do not constitute an offer to sell or a solicitation of an offer to subscribe for or purchase any securities, nor do they constitute a recommendation to buy or sell securities of the Company. The publicoffering is made exclusively by and on the basis of the published securities prospectus, which has been approved by the Austrian Financial Market Authority (FMA) and notified to the German Federal Financial Supervisory Authority (BaFin).
Any public offering of securities of the Company on the basis of one of the prospectuses published on the following website is directed exclusivelyat persons who are resident in Austria or Germany. Persons who are not resident in the aforementioned countries shall be excluded from such public offerings and are not being addressed.
The information contained on the following webpages is under no circumstances intended for persons residing in the United States and/or for U.S. persons (within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act")). The shares of thecompany have not been and will not be registered under foreign securities laws, in particular not in the United States of America (such as under theU.S. Securities Act), Canada, Japan, or the United Kingdom of Great Britain and Northern Ireland. In particular, the shares of the company may not be offered, sold, or delivered, either directly or indirectly, in the United States of America, Canada, Japan, or the United Kingdom of Great Britain and Northern Ireland. The information provided on the following pages may not be distributed or otherwise transmitted in those countries.
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