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 - adhoc 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