RecommendMail Facebook Twitter Google Plus

JENOPTIK AG completes the acquisition of WAHL optoparts GmbH

Part of the purchase price will be paid in new shares.

With the consent of the Supervisory Board received today, the Executive Board of JENOPTIK AG (ISIN DE0006229107) has decided to pay the balance of the purchase price for WAHL optoparts GmbH, acquired in December last year, in shares. Issuing new shares in return for an investment in kind will strengthen the shareholders' equity base of the Jenoptik Group.

Wahl optoparts specializes in the development, production and distribution of custom-made optical components, as well as plastic optomechanical and optoelectronic component assemblies. The use of plastic lenses in optical equipment and systems will be one of the key growth drivers for optical technologies in the future. The company's know-how in the field of plastics holds the potential for a diverse range of technology-based starting points in Jenoptik's Photonics Division.

Using the authorised capital will increase the share capital of JENOPTIK AG by 8,306,092.60 euros from 126,984,000 euros to 135,290,092.60 euros. The number of JENOPTIK AG shares issued will rise to 52,034,651. The current stock market price will be taken into consideration when issuing the shares. The new shares, which are being excluded from the shareholders' purchase option right, will be entitled to the full dividend for the 2004 business year.