The domination and profit and loss transfer agreement (DPLTA) between TRATON SE (formerly Volkswagen Truck & Bus GmbH, Volkswagen Truck & Bus AG, TRATON AG) as the controlling company and MAN SE as the controlled company, which was terminated with effect as of midnight (00:00) on January 1, 2019, was still in force for fiscal 2018.
As a result of the DPLTA, MAN SE does not distribute dividends. Instead, MAN SE shareholders will receive a cash compensation payment from TRATON SE for the 2018 fiscal year. The cash compensation payment amounts to €5.10 (net of corporate income tax and solidarity surcharge) per MAN common or preferred share. This amount is derived from a gross cash compensation payment of €5.47 per MAN common or preferred share as determined by court.
The cash compensation payment is due on the first bank working day following the 2019 Annual General Meeting (see Financial Calendar for dates). Only MAN shareholders in possession of MAN SE shares at the time at which the payment is due will receive compensation. If MAN shareholders chose to exercise their right to tender their MAN shares by March 4, 2019, as a result of the termination of the DPLTA, they will no longer be entitled to receive the cash compensation payment for fiscal 2018.