Deutsche Effecten- und Wechsel- Beteiligungsges. AG

M&A Activity • Oct 14, 2002

News Details

Ad-hoc | 14 October 2002 07:14

DEWB AG english

DEWB intends to acquire optic – optical technology investments ag. Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DEWB intends to acquire optic – optical technology investments ag. DEWB shares to be used as transaction currency; Share swap will widen free float. DEWB AG (Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft) is to issue a public share swap offer for all shares in the Swiss investment firm of optic – optical technology investments ag, Glattfelden and intends to fully take over the company. DEWB will be using its own shares as the transaction currency and offering the optic shareholders 2.37 DEWB shares for each security. The period for the swap runs from 28th October to 22nd November 2002. If the swap offer is taken up in full the transaction volume will be around EUR 4.5 million resp. CHF 6.5 million. optic is an investment company which is listed on the Swiss stock exchange SWX and invests worldwide in leading companies in the optical industry. This investment portfolio will be an ideal addition to the optic-related DEWB portfolio. This transaction will also enable DEWB to widen its access to the investors and the technology networks in Switzerland. optic’s Board of Directors is supporting the share swap offer: After a thorough analysis of the current market environment and the possibilities of optic they have come to the conclusion that combining the activities of DEWB and optic represents a strategically reasonable transaction. Major institutional investors in optic have also recognized the benefits contained in the share swap and have already explained that they intent to accept the swap offer. By exchanging their securities for DEWB shares the shareholders will be participating in one of the most profitable listed venture capital companies. DEWB’s existing shareholders will also benefit from the planned transaction. A broader shareholder base and a larger free float will increase the attraction of the DEWB share. With the takeover of the Swiss firm of optic DEWB is once again clearly demonstrating that it is actively taking advantage of the current market low for its corporate growth. Contact: Steffen Schneider, DEWB AG, Investor Relations Telephone / Telefax: ++49 3641 65 22 90 / 65 36 29 E-Mail: steffen.schneider@dewb-vc.com, Internet: http://www.dewb-vc.com end of ad-hoc-announcement (c)DGAP 14.10.2002 ——————————————————————————– WKN: 804100; ISIN: DE0008041005; Index: Listed: Amtlicher Markt in Berlin und Frankfurt 140714 Okt 02