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DGAP-Ad-hoc: TRATON SE / Key word(s): Squeeze Out Amount of cash compensation for merger squeeze-out determined at EUR 70.68 per MAN SE common share and per MAN SE preference share TRATON SE currently holds 94.36 % of the share capital of MAN SE and is therefore its majority shareholder within the meaning of section 62(5) UmwG. TRATON SE has determined the cash compensation to be EUR 70.68 per MAN SE common share and per MAN SE preference share. The appropriateness of the cash compensation is currently being reviewed by the court-appointed auditor. The court-appointed auditor has already indicated that, from a current standpoint, it will confirm the cash compensation to be adequate. The conclusion and notarisation of the merger agreement between MAN SE and TRATON SE shall take place on May 14, 2021. The annual general meeting of MAN SE, which is to adopt a resolution on the transfer of the shares held by the minority shareholders of MAN SE to TRATON SE against payment of a cash compensation in the amount of EUR 70.68 per MAN SE common share and per MAN SE preference share, is expected to take place on June 29, 2021. The effectiveness of the merger squeeze-out is still subject to the resolution by the MAN SE annual general meeting and the registration of the transfer resolution and the merger in the commercial registers at the seats of TRATON SE and MAN SE. Contact:
08-May-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | TRATON SE |
| Dachauer Str. 641 | |
| 80995 München | |
| Germany | |
| Phone: | +49 (0)89 360 98 70 |
| E-mail: | investor.relations@traton.com |
| Internet: | www.traton.com |
| ISIN: | DE000TRAT0N7 |
| WKN: | TRAT0N |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Stockholm |
| EQS News ID: | 1194224 |
| End of Announcement | DGAP News Service |
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1194224 08-May-2021 CET/CEST
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