Business Objects Founder Bernard Liautaud Elected to Supervisory Board
WALLDORF, Germany — SAP AG (NYSE: SAP) today announced that all of the agenda items at its annual general shareholder meeting on June 3 were approved by an overwhelming majority.
For fiscal year 2007, shareholders will receive a dividend of €0.50 per ordinary share. This is a 9 percent increase over the previous year’s dividend. For 2007, SAP will pay out a total of approximately €594 million (previous year: €556 million), which equates to a dividend payout ratio of approximately 31 percent of SAP’s net income. Payment of the dividend is scheduled with effect from June 4, 2008.
Further, the annual general meeting of shareholders elected Bernard Liautaud to the Supervisory Board. Bernard Liautaud was a co-founder of Business Objects S.A. in 1990. Under his leadership as Chairman and Chief Executive Officer (CEO), the firm became a leading provider of business intelligence solutions worldwide. In January 2008, SAP completed its acquisition of Business Objects, an SAP company.
Bernard Liautaud succeeds Prof. Dr. Dr. h. c. mult. August-Wilhelm Scheer, who resigned as a member of the SAP Supervisory Board, effective from April 3, 2008. Scheer was a member of the supervisory board for 20 years and served on the company’s first supervisory board in 1988. He will continue to provide his counsel to SAP as Chairman of the Advisory Council for small and midsize enterprise (SME) solutions, a council that is currently being established.
SAP shareholders also approved the proposal authorizing the Executive Board to repurchase treasury shares for up to €120 million by November 30, 2009.
For a full agenda of the meeting and polling results on individual agenda items, please visit the Corporate Governance section of www.sap.com.
SAP is the world’s leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers (excludes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.” (For more information, visit www.sap.com)
(*) SAP defines business software as comprising enterprise resource planning and related applications.
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