Birkenstock Announces Pricing of Secondary Offering and Concurrent Share Repurchase

Birkenstock Holding plc ("BIRKENSTOCK") announced today the pricing of an underwritten secondary public offering of 17,927,344 of BIRKENSTOCK's ordinary shares (the "Ordinary Shares") to be sold by BK LC Lux MidCo S.à r.l. ("MidCo"), an entity affiliated with L Catterton (the "Selling Shareholder"), at a price to the public of $52.50 per share. In connection with the offering, the Selling Shareholder has granted the underwriters a 30-day option to purchase up to 2,100,000 additional Ordinary Shares. BIRKENSTOCK is not selling any Ordinary Shares in the offering and will not receive any proceeds from the sale of the Ordinary Shares by the Selling Shareholder.The closing of the offering is expected to occur on May 30, 2025, subject to customary closing conditions.Subject to the completion of this offering, BIRKENSTOCK has repurchased, by way of redemption from the underwriters, 3,927,344 Ordinary Shares that are subject to this offering, at a price per share equal to the price paid by the underwriters in the offering, which redeemed Ordinary Shares will be cancelled and no longer outstanding following the completion of the redemption.Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint lead book-running managers and BofA Securities as joint bookrunner of, and all three banks as representatives of the underwriters for, the proposed offering. Citigroup, Evercore ISI, Jefferies, Morgan Stanley, UBS Investment Bank, Deutsche Bank Securities, BMO Capital Markets, and BNP PARIBAS are acting as bookrunners for the proposed offering, and Baird, BTIG, Piper Sandler, Stifel, Telsey Advisory Group, William Blair, Williams Trading LLC and Academy Securities are acting as co-managers for the proposed offering.An automatic shelf registration statement on Form F-3ASR (File No. 333-284905) relating to the resale of the Ordinary Shares was previously filed by BIRKENSTOCK with the United States Securities and Exchange Commission (the "SEC") and became effective upon filing on February 13, 2025 (the "Registration Statement"). Before you invest, you should read the prospectus and the documents incorporated by reference in that Registration Statement, as well as the prospectus supplement related to the offering, for more complete information about BIRKENSTOCK and the offering. You may obtain these documents for free by visiting the SEC website at www.sec.gov. Copies of the preliminary prospectus relating to the proposed offering may also be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, via telephone: (866) 471-2526, or via email: [email protected]; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or via email: [email protected] and [email protected]; and BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department, via email: [email protected].The offering is being made only by means of a prospectus supplement and the accompanying prospectus. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.This press release shall also not be considered an offer of securities in any member state (each, a "Member State") of the European Economic Area ("EEA") or in the United Kingdom. This press release does not constitute a "prospectus" within the meaning of Regulation (EU) 2017/1129 (as amended the "Prospectus Regulation") or the Prospectus Regulation as it forms part of the laws of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended, the "UK Prospectus Regulation"). In the EEA and the United Kingdom, any potential offer of securities would only be made pursuant to an exemption under the Prospectus Regulation or the UK Prospectus Regulation (as applicable) from the requirement to publish a prospectus for offers of securities.This press release is only directed at: (i) in the United Kingdom, persons having professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Order"); (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order; (iii) persons who are outside the United Kingdom; and (iv) any other person to whom it can otherwise be lawfully distributed (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which this press release relates is available only to and will be engaged in only with Relevant Persons, and any person who is not a Relevant Person should not rely on it.ABOUT BIRKENSTOCKBIRKENSTOCK is a footwear company with a history dating back to 1774, specializing in products designed for foot support. BIRKENSTOCK manufactures and sells footwear, including sandals and shoes, as well as sleep systems and natural cosmetics.CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSCertain statements in this press release may constitute "forward-looking" statements and information within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to our current expectations and views of future events, including our current expectations and views with respect to, among other things, the offering of Ordinary Shares. Forward-looking statements include all statements that do not relate to matters of historical fact. In some cases, you can identify these forward-looking statements by the use of words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" and "potential," "aim," "anticipate," "assume," "continue," "could," "expect," "forecast," "guidance," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "seek," "should," "target," "will," "would" or similar words or phrases, or the negatives of those words or phrases. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward- looking statements. Our actual results could differ materially from those expected in our forward-looking statements for many reasons, including the factors described in the sections titled "Cautionary Statement Regarding Forward-Looking Statements" and "Risk Factors" in our Annual Report on Form 20-F filed with the Securities and Exchange Commission on December 18, 2024 as updated by our reports on Form 6-K that update, supplement or supersede such information. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. BIRKENSTOCK undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law.INVESTOR & MEDIA CONTACTBirkenstock Holding plc[email protected]SOURCE: Birkenstock Holding plc

Birkenstock Announces Pricing of Secondary Offering and Concurrent Share Repurchase

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