Terex Material Handling & Port Solutions AG
Demag Cranes AG: Counter-proposal of the majority shareholder regarding dividend pay-out
Demag Cranes AG / Key word(s): Dividend 16.03.2012 13:09 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. --------------------------------------------------------------------------- Majority shareholder of Demag Cranes AG proposes a pay-out of a dividend of 0.04 EUR per share instead of 0.78 EUR in shareholders' meeting Düsseldorf, 16 March 2012. The majority shareholder of Demag Cranes AG, the Terex Industrial Holding AG, has made a counter-proposal in today's shareholder meeting to distribute for the financial year 2010/2011 only a dividend pay-out of 0.04 EUR per share and therefore will not support the proposal of the management board and the supervisory board. The management board and the supervisory board of Demag Cranes AG had made a proposal to the shareholders' meeting to resolve on a dividend pay-out of 0.78 EUR per share. Considering the majorities, it can be expected that the counter-proposal of Terex Industrial Holding AG will be successful and that the shareholders' meeting of Demag Cranes will adopt a resolution to pay-out a dividend of 0.04 EUR per share. 16.03.2012 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 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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