Volkswagen Truck & Bus GmbH as the controlling company and MAN SE as the controlled company have entered into a domination and profit and loss transfer agreement (DPLTA) which was concluded on April 26, 2013, and became effective on July 16, 2013, when it was entered in MAN SE’s commercial register.
Under the DPLTA, Volkswagen Truck & Bus GmbH agrees to pay a cash settlement of €80.89 per common or preferred share, or annual cash compensation payments of €3.07 per common or preferred share to MAN SE free float shareholders for the full fiscal year, starting in fiscal 2014.
The period for tendering shares is limited. It began when the entry in the commercial register was officially announced by the Munich Local Court and ends two months after the date on which the decision on the application most recently decided on in the award proceedings is announced in the Federal Gazette.
At the end of July 2015, the Munich Regional Court ruled in the first instance that the cash settlement claim must be increased from €80.89 to €90.29 per common or preferred share. Volkswagen and several other claimants have filed an appeal against this ruling with the Higher Regional Court of Munich.
You can find all published DPLTA documents