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Demag Cranes AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
Demag Cranes AG 22.03.2012 14:20 Dissemination of a Voting Rights Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Notification pursuant to sec. 27a para. 2 Securities Trading Act (WpHG) Reference is made to the voting rights notifications of Cornwall (Luxembourg) S.à r.l., Elliott International Capital Advisors Inc., Elliott International, L.P., Elliott International Limited, Hambledon, Inc., Maidenhead LLC and Wolverton (Luxembourg) S.à r.l., (together 'Notifying Parties') pursuant to sec. 21, 22 WpHG (cf. announcement of Demag Cranes AG, March 22, 2012). Following the crossing of the 10 percent threshold on March 15, 2012, the Notifying Parties notify to Demag Cranes AG pursuant to sec. 27a para. 1 Sentences 1 and 3 WpHG in respect of the objectives pursued with the acquisition of the voting rights, that: 1. the prevalent aim of the investment is implementing strategic objectives where the sale of the shares shall not be excluded; 2. the Notifying Parties plan to acquire further voting rights within the next twelve months by means of a purchase or by other means; 3. the Notifying Parties intend to exert influence on the appointment or removal of members of the issuer's administrative, managing and supervisory bodies; and 4. the Notifying Parties intend to achieve a material change in the company's capital structure, in particular as regards the ratio between its own funds and external funds and the dividend policy. In respect of the origin of the funds used to acquire the voting rights the Notifying Parties notify pursuant to sec. 27a para. 1 Sentence 4 WpHG that the acquisition of the voting rights is financed by 100 percent of equity. Düsseldorf, 22 March 2012 Board of Management 22.03.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Demag Cranes AG Forststraße 16 40597 Düsseldorf Germany Internet: www.demagcranes-ag.com End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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