DEWB taps markets for funds

German investment group DEWB plans to issue up to 2.97 million new shares as part of a share capital increase. It will use the funds raised for new investments in optical technologies. If the placement is successful, the share capital of DEWB would increase from its current €13.2m to €16.2m. The increase in share capital will increase gross proceeds of up to €9.2m.

Dr Dietmar Kubis of the DEWB executive board, said: “By carrying out this capital increase we are combining two objectives: on the one side, the additional funds are intended to widen our scope for action in the investment market. We want to take advantage of growth options by acquiring additional investments in the area of optical technologies – the focus of our investment. In addition, it is our declared aim to make the DEWB share even more attractive to institutional investors by increasing the free float.”