MAN SE
25.06.2012 15:41
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.
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Porsche Automobil Holding SE, Stuttgart, Germany informed us according to §
27a (1) sentence 1 of the WpHG on June 22, 2012 on the following with
respect to the Voting Rights Announcement according to § 21 (1) of the WpHG
dated June 6, 2012 regarding the exceeding of the 75% threshold of the
voting rights on June 6, 2012:
1. The increase of the holding of Volkswagen Aktiengesellschaft in MAN SE
serves, according to the information given by Volkswagen
Aktiengesellschaft, to implement strategic aims. The increase of number of
the voting rights held by Volkswagen Aktiengesellschaft in MAN SE entails
an increase of the voting rights attributed to Porsche Automobil Holding SE
according to § 22 (1) sentence 1 No. 1 of the WpHG.
2. Porsche Automobil Holding SE itself does not intend to obtain additional
voting rights within the next twelve months through acquisition or
otherwise. According to the information given by Volkswagen
Aktiengesellschaft, Volkswagen Aktiengesellschaft intends to obtain
additional voting rights within the next twelve months through acquisition
or otherwise, depending on market conditions. An additional acquisition of
voting rights by Volkswagen Aktiengesellschaft in MAN SE would entail an
attribution of such voting rights to Porsche Automobil Holding SE.
3. The filling of MAN SE's administration, management and supervisory
bodies is incumbent on the respective competent organs of MAN SE, without
Porsche Automobil Holding SE, to which the voting rights in MAN SE are only
attributed, directly influencing such filling. Porsche Automobil Holding
SE, however, supports Volkswagen Aktiengesellschaft's ambition to pursue
its interests regarding the filling of MAN SE's administration, management
and supervisory bodies in the bounds of the respective responsibilities and
to the extent legally permitted.
4. Porsche Automobil Holding SE supports the increased cooperation of the
group companies of Volkswagen Aktiengesellschaft within the commercial
vehicles business sought by Volkswagen Aktiengesellschaft and the intention
of Volkswagen Aktiengesellschaft to keep all options to further shape an
integrated commercial vehicles group open, including the conclusion of a
domination and profit and loss pooling agreement with MAN SE. To the extent
material changes of MAN SE's capital structure, particularly related to the
equity and debt financing ratio and the dividend policy, would be connected
therewith, Porsche Automobil Holding SE would support such changes.
5. The increase of the holding of Volkswagen Aktiengesellschaft in MAN SE
entails the attribution of the voting rights acquired by Volkswagen
Aktiengesellschaft in MAN SE according to § 22 (1) sentence 1 No. 1 of the
WpHG to Porsche Automobil Holding SE. Neither equity nor debt financing was
used by Porsche Automobil Holding SE to finance the acquisition of the
voting rights in MAN SE.
Munich, June 25, 2012
The Executive Board
25.06.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: MAN SE
UngererstraÃe 69
80805 München
Germany
Internet: www.man.eu
End of Announcement DGAP News-Service
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DGAP-PVR: MAN SE: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
| Source: EQS Group AG