IDS Scheer AG
IDS Scheer AG: Executive board and supervisory board approve of the conclusion of a domination and profit transfer agreement
IDS Scheer AG / Strategic Company Decision 24.11.2009 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. --------------------------------------------------------------------------- Executive board and supervisory board approve of the conclusion of a domination and profit transfer agreement Saarbrücken, 24 November 2009 On 24 November 2009 the executive board and supervisory board of IDS Scheer AG approved of the conclusion of a domination and profit transfer agreement within the meaning of section 291(1) German Stock Corporation Act, with SAG Beteiligungs GmbH as the controlling company and IDS Scheer AG as the controlled company. The agreement provides for, as adequate compensation for the outside shareholders, a recurring payment (compensation payment) of EUR 1.02 gross for each share for each full financial year. This corresponds to a recurring payment of EUR 0.91 for each share after deduction of corporate income tax plus solidarity surcharge pursuant to current tax legislation. Furthermore the agreement provides for an adequate cash consideration of EUR 15.10 for shareholders who wish to sell their shares to SAG Beteiligungs GmbH. In order to be effective, the agreement still requires the approval of IDS Scheer AG's general meeting of shareholders. To this end IDS Scheer AG expects to have an extraordinary general meeting on 8 January 2010. 24.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: IDS Scheer AG Altenkesseler Straße 17 66115 Saarbrücken Deutschland Phone: +49 (0)681 210-1050 Fax: +49 (0)681 210-1231 E-mail: invest@ids-scheer.com Internet: www.ids-scheer.com ISIN: DE0006257009 WKN: 625700 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hannover, München, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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