DGAP-Adhoc: Demag Cranes AG: Counter-proposal of the majority shareholder regarding dividend pay-out

 | Quelle: EQS Group AG EQS Group AG 

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.

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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

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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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