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  "documentTitle": "2025 Annual Report",
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  "notes": "Page 103 of Lufthansa Group Annual Report 2025.",
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      "text": "EUR 1,000m bond maturing on 29 May 2026\nEUR 900m bond maturing on 16 May 2027\nEUR 850m bond maturing on 11 February 2028\nEUR 500m bond maturing on 3 September 2028\nEUR 500m bond maturing on 14 July 2029\nEUR 750m bond maturing on 21 May 2030\nEUR 500m bond maturing on 3 September 2032",
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      "text": "No use was made of this authorisation in the reporting period. Further information on authorised capital, contingent capital and share buy-backs ↗ Consolidated financial statements, note 33.",
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      "kind": "paragraph",
      "text": "As of 31 December 2025, Deutsche Lufthansa AG had contingent capital from 2022 amounting to EUR 306,044,326.40.",
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      "text": "A resolution passed by the Annual General Meeting on 9 May 2023 authorised the Executive Board until 6 May 2028, subject to approval by the Supervisory Board, to increase the Company's issued capital on one or more occasions by up to EUR 100,000,000.00 by issuing new registered shares to employees (Authorised Capital B) for payment in cash. Existing shareholders' subscription rights are excluded. In the reporting period, the Company used EUR 2,473,528.32 of this authorised amount to issue 966,222 new shares to employees.",
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      "text": "A resolution passed at the Annual General Meeting on 7 May 2024 authorised the Executive Board until 6 May 2029, subject to approval by the Supervisory Board, to increase the Company's issued capital by up to EUR 1,000,000,000.00 by issuing new registered shares on one or more occasions for payment in cash or in kind (Authorised Capital A). No use was made of this authorisation in the reporting period.",
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      "text": "At the same time, the Annual General Meeting on 10 May 2022 to authorise the Executive Board, subject to approval by the Supervisory Board and until 9 May 2027, to issue registered bonds for a total nominal value of up to EUR 1,750,000,000.00 and to grant conversion and/or option rights to new registered Company shares to the holders or creditors of the bonds mentioned above with a pro-rata amount of issued capital of up to EUR 306,044,326.40. Issued capital was increased accordingly by resolution of the Annual General Meeting on 10 May 2022 by up to EUR 306,044,326.40 by issuing up to 119,548,565 new registered shares. In September 2025, the Executive Board with the approval of the Supervisory Board made partial use of the authorisation granted by issuing convertible bonds with a total nominal amount of EUR 600,000,000.00. No conversion rights under the issued convertible bonds have yet been exercised; the contingent capital of EUR 306,044,326.40 adopted by the Annual General Meeting on 10 May 2022 therefore continues to exist unchanged.",
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      "text": "As of 31 December 2025, Deutsche Lufthansa AG had Authorised Capital A amounting to EUR 1,000,000,000.00 and Authorised Capital B amounting to EUR 90,279,037.44.",
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      "text": "The contingent capital increase serves to provide shares to the holders or creditors of conversion and/or option rights from convertible bonds that may be issued by the Company or its Group until 9 May 2027. The new shares are issued at the conversion or strike price set in each case. The contingent capital increase is only to be carried out to the extent that conversion rights or options are exercised or holders or creditors of bonds with a conversion obligation meet their conversion obligation, or to the extent that the Company exercises an option, to settle all or part of the amount due in Company shares instead of in cash, and to the extent that a cash compensation is not paid or the Company's treasury shares are not used for settling the obligation. To the extent that they are issued by the timeous exercise of the rights before the start of the Company's Annual General Meeting, the new shares are entitled to share in profits from the beginning of the previous financial year, otherwise from the beginning of the financial year in which they are issued by the exercise of conversion or option rights, by meeting a conversion obligation, or by the exercise of rights to sell shares. The Executive Board is authorised to determine the further details of the way in which the contingent capital increase is to be carried out.",
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      "text": "Important Company agreements subject to a change-of-control clause in the event of a takeover offer. The Euro Medium-Term Note (EMTN) programme operated by the Company to issue bonds includes a change-of-control clause, according to which holders of bonds issued thereunder can demand early redemption of the bond in the event of a change of control. The change of control is tied to the concepts of control, which are defined in detail in the EMTN programme, and of a rating downgrade resulting from the change of control within a change-of-control period. The following bonds are outstanding under this programme as of 31 December 2025.",
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