SAP Plans Change to Share Capital

October 28, 2005 by admin

No new capital is being raised through this transaction. The executive board proposal was approved today by SAP’s supervisory board and will be submitted for approval at next year’s Annual Shareholder Meeting. “We expect this measure will make the SAP share more attractive for investors, in particular individual shareholders“, said Werner Brandt, Chief Financial Officer and member of the executive board of SAP AG.
If shareholders approve the capital increase at next year’s Annual Shareholder Meeting, the numbers of shares held will increase fourfold automatically. Total shareholders’ equity will not be affected since this measure simply involves a shift between individual components of shareholders’ equity. The subscribed capital will rise to around Euro 1,266 million from around Euro 316 million at present. The number of SAP’s outstanding shares, which each have a no-par value of Euro 1, will rise accordingly.

Source: SAP AG

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