Deutsche Effecten- und Wechsel- Beteiligungsges. AG

Share Issue/Capital Change • Dec 2, 2003

News Details

Ad-hoc | 2 December 2003 11:35

DEWB looking for continued growth and to issue up to 1.9 million new shares.

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– With the approval of the Supervisory Board, the Executive Board of DEWB AG (ISIN DE0008041005) has today decided to raise further capital during the course of this month. By utilising the approved capital, DEWB AG is to increase its equity capital from the current 11,338,128 Euros by up to 1,889,688 Euros, taking it up to 13,227,816 Euros. In accordance with the agreed subscription ratio of 6:1, shareholders can purchase 1 new DEWB share for every 6 old DEWB shares at the subscription price of 2.60 Euros per share. This will increase the number of DEWB shares issued by up to 1,889,688 from 11,338,128 to up to 13,227,816. The new shares will be entitled to participate fully in any dividends for 2003. The two-week subscription period for the new non-par shares commences on 4 December and ends on 17 December 2003. Proof of ownership of DEWB shares held on the evening of 3 December 2003 is a prerequisite for being able to exercise the subscription for new shares. There are no plans for trading in the subscription rights. The capital increase will produce a gross cash inflow of up to 4.9 million Euros. It is DEWB’s declared aim to utilise the current attractive valuation levels for the purpose of further acquisitions. That’s why DEWB intends to use the proceeds from the increase in capital to finance its continued growth and to expand its portfolio of technology companies in the area of opto-electronics and life sciences. The shareholder Jenoptik AG supports DEWB’s growth strategy and to this end is using part of its claim from a loan agreement which it is to convert into capital reserves for DEWB. Depending upon the amount finally raised, this is expected to increase DEWB’s shareholders’ equity by a further 3.3 million Euros giving a total capital increase of up to 8.2 million Euros. The main shareholders Jenoptik AG and Jenoptik Vermögensverwaltungs GmbH will not be taking up their subscription rights. This will provide for a further increase in the proportion of shares held in free- float. The new shares not being taken up are instead to be sold to institutional investors at the subscription price of 2.60 Euros per share. This measure will double the free-float from 11.7 to up to 24.3%, making DEWB shares even more attractive. IR, Steffen Schneider, Phone/Fax +49(3641)65-2290/2157, www.dewb-vc.com end of ad-hoc-announcement (c)DGAP 02.12.2003 ——————————————————————————– WKN: 804100; ISIN: DE0008041005; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Freiverkehr in Stuttgart 021135 Dez 03