Domination and Profit and Loss Transfer Agreement (DPLTA)
TRATON AG (formerly Volkswagen Truck & Bus AG) 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.
On August 21, 2018 the Executive Board of TRATON AG has decided to terminate the Domination and Profit and Loss Transfer Agreement according to section 304 para 4 German Stock Cooperation Act (AktG) with effect as of 1 January 2019, 0:00 a.m.
Due to the extraordinary termination of the contract there will be a two-month tender window at the beginning of 2019 following the announcement of the DPLTA’s termination in the commercial register.
A MAN shareholder, who then exercises his right to tender in accordance with section 5.6 of the DPLTA, receives a cash compensation of €90.29 for each MAN share tendered to TRATON AG. Interest on this cash compensation within the meaning of section 5.6 is neither required by law nor provided for contractually.
Power Engineering Business of MAN SE to be sold to a subsidiary of Volkswagen AG
Rights of the free float shareholders in connection with the decision of the Munich Oberlandesgericht on the proceedings of cash compensation and the termination of the domination and profit and loss transfer agreement between MAN SE and TRATON AG
Termination of the domination and profit and loss transfer agreement with MAN SE according to section 304 para 4 German Stock Cooperation Act (AktG) with effect as of 1 January 2019, 0.00 a.m.
Final decision in the appraisal proceedings (Spruchverfahren) regarding the domination and profit transfer agreement with Volkswagen Truck & Bus AG