Terex Material Handling & Port Solutions AG
Demag Cranes AG: Entry into a domination and profit and loss transfer agreement
Demag Cranes AG / Key word(s): Miscellaneous 30.01.2012 18:11 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Demag Cranes AG as controlled company and Terex Germany GmbH & Co. KG, an indirect wholly-owned subsidiary of Terex Corporation, Westport, USA, as controlling company entered into a domination and profit and loss transfer agreement today. The Supervisory Board of Demag Cranes AG and the partners' meeting of Terex Germany GmbH & Co. KG approved the entry into the agreement. The agreement provides for an annual guaranteed dividend payment to the outside shareholders of Demag Cranes AG pursuant to sec. 304 of the German Stock Corporation Act (Aktiengesetz - 'AktG') in the gross amount of EUR 3.33 (EUR 3.04 net) per non-par share and cash compensation pursuant to sec. 305 AktG in the amount of EUR 45.52 per non-par share. The payment obligations by Terex Germany GmbH & Co. KG under the domination and profit and loss transfer agreement are secured by a comfort letter issued by Terex Corporation. The domination and profit and loss transfer agreement still requires approval by the Annual General Meeting of Demag Cranes AG which is scheduled to be held on March 16, 2012. Düsseldorf, January 30, 2012 Demag Cranes AG The Management Board 30.01.2012 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 Phone: +49 (0)211 7102 -1218 Fax: +49 (0)211 7102 -1215 E-mail: ir@demagcranes-ag.com Internet: www.demagcranes-ag.com ISIN: DE000DCAG010 WKN: DCAG01 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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