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DGAP-News: Design Hotels AG: Conclusion of Domination Agreement - Preliminary Determination of Compensation and Guaranteed Dividend

May 22, 2014

Design Hotels AG / Key word(s): Dividend/Miscellaneous 22.05.2014 18:17 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Conclusion of Domination Agreement - Preliminary Determination of Compensation and Guaranteed Dividend As announced on 18 March 2014, Starwood Hotels & Resorts Worldwide, Inc. and Design Hotels AG have started negotiations regarding the conclusion of a domination agreement (Beherrschungsvertrag) with Starwood Hotels & Resorts Worldwide, Inc. being the dominating company and Design Hotels AG being the dependent company. These negotiations will be concluded shortly. After the finalization of the valuation work by the jointly commissioned valuation expert, Design Hotels AG and Starwood Hotels & Resorts Worldwide, Inc. agreed today, subject to the final result of the assessment by the court appointed auditor and the approval of the supervisory board of Design Hotels AG, that the domination agreement will provide for a cash compensation pursuant to Section 305 of the German Stock Corporation Act ("AktG") in the amount of EUR 2.25 per share and a guaranteed dividend pursuant to Section 304 AktG in the amount of EUR 0.10 gross per share (EUR 0.08 net per share) for each full financial year. The domination agreement must be signed by the authorized representatives of both companies and requires the approval of the general shareholders' meeting of Design Hotels AG, which will presumably take place on 21 July 2014, and registration with the commercial register of Design Hotels AG. - Ends - Contact: Design Hotels AGSascha Wolff (CFO) Stralauer Allee 2c, 10245 Berlin P +49 (0)30 88 494 00 03 F +49 (0)30 259 330 17 ir@designhotels.com About Design Hotels(TM) Design Hotels(TM) represents and markets a curated selection of more than 260 independent hotels in over 40 countries across the globe. More than a collection of hotels, the company is a collection of stories. Each property reflects the ideas of a visionary hotelier, an "Original," someone with a passion for genuine hospitality and cultural authenticity, for thought-provoking design and groundbreaking architecture. All "Originals" stand for the individual, aesthetic and service-driven experiences that their hotels provide. Design Hotels(TM) has developed into a full-service hospitality marketing consultant, offering customized services including global sales representation, revenue management, strategic marketing, public relations and branding. www.designhotels.com, ISIN: DE0005141006, m:access Munich Stock Exchange (Open Market) 22.05.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------


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Source: DGAP Corporate News


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