Jenoptik determines specific terms of the capital increase
Subscription price of the new shares will be 6.00 euros.
The share capital will be increased by 21,164,000 million euros from 105,820,000 million euros to 126,984,000 million euros. For every five Jenoptik shares held, shareholders may subscribe to one new share at a subscription price of 6.00 euros. With the capital increase, the number of Jenoptik AG shares issued will increase by 8,140,000 from 40,700,000 to 48,840,000. The new shares will be entitled to full dividends for the current fiscal year 2003.
The subscription period is expected to commence on October 7, 2003 and to end on October 20, 2003. The pre-emptive rights are expected to be traded on the official market segment (Amtlicher Markt) of the Frankfurt Stock Exchange from October 7, 2003 up to and including October 16, 2003. Deutsche Bank, Frankfurt, is managing the capital increase.
Based on the subscription price, the gross proceeds are expected to amount to about 48.8 million euros. Jenoptik intends to use the proceeds from the contemplated capital increase to strengthen its capital base, reduce short-term indebtedness and finance further growth, in particular in the Photonics business division.
Not for distribution in the United States of America
This statement does not constitute an offer or invitation to subscribe for or purchase any securities in the United States of America. The securities of Jenoptik AG that will be offered outside the United States as described herein have not been and will not be registered under the applicable securities laws of the United States and may not be offered, sold or delivered within the United States or to, or for the benefit of, United States persons absent registration under or an applicable exemption from the registration requirements of the United States Securities Laws.