18.11.2008
Control and profit & loss transfer agreement between CCR Logistics Systems AG and Reverse Logistics GmbH entered in commercial register
The control and profit & loss transfer agreement between CCR Logistics Systems AG and Reverse Logistics GmbH of 07.11.2007 was entered in the commercial register on November 12th, 2008.
The Extraordinary General Meeting of CCR Logistics Systems AG had previously accepted the agreement on December 21st, 2007. Legal actions against the general meeting resolution were rejected by the trial court (court of first instance) and during the appeal, CCR Logistics AG reached a settlement with the remaining plaintiffs by means of a compensation agreement. For further detailed information on the topic, please visit the CCR website at www.ccr.de. The entry of the control and profit & loss transfer agreement in the commercial register marks its formal enactment. The external shareholders of CCR Logistics System AG are thus entitled to receive a recurring monetary payment (compensation payment) of EUR 0.41 pretax (net according to currently valid tax law EUR 0.36) per unit share for each completed business year under the contractually arranged conditions as reasonable compensation for the forfeiture of the claim to dividends. The compensatory payment will be made for the first time for the financial year 2008. The compensation payment respectively falls due for the previous financial year on the day following the Ordinary General Meeting. Reverse Logistics GmbH also undertakes under the contractual provisions to acquire the shares of any external shareholder on request by the latter for a cash payment of EUR 7.41 per unit share.
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