Deutsche Effecten- und Wechsel- Beteiligungsges. AG

Share Issue/Capital Change • Dec 18, 2003

News Details

Ad-hoc | 18 December 2003 12:47

DEWB successfully completed capital increase.

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DEWB successfully completed capital increase. Freefloat doubles to more than 24 percent. DEWB AG (Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG, ISIN DE0008041005) has successfully completed its capital increase with subscription rights. The 1,889,688 new shares were offered by equinet Securities AG within the scope of a subscription offer to new institutional investors and existing shareholders. Since the capital increase was oversubscribed not all offers of institutional shareholders could be met. Through the successful placement of the 1,889,688 shares the share capital of DEWB AG increases to 13,227,128 shares. With an issue price of 2.60 euros the company obtains gross proceeds of almost 5 million euros from the capital increase. The new shares will be entitled to full dividends for the current 2003 business year. Due to the broad placement the freefloat more than doubled from 11.7 to now 24.3 percent. A higher freefloat usually results in higher liquidity and less volatile share price development, thus making the DEWB share even more attractive. It is DEWB’s declared aim to utilise the current attractive valuation levels for the purpose of further acquisitions. That is why DEWB intends to use the proceeds from the capital increase to finance its continued growth and to expand its portfolio of technology companies in the area of opto-electronics and life sciences. Contact: Steffen Schneider, DEWB AG, Investor Relations Phone / Fax: ++49 3641 65 2290 / 65 2157 E-Mail: steffen.schneider@dewb-vc.com, Internet: http://www.dewb-vc.com end of ad-hoc-announcement (c)DGAP 18.12.2003 ——————————————————————————– WKN: 804100; ISIN: DE0008041005; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Freiverkehr in Stuttgart 181247 Dez 03