MANNHEIM, Germany — SAP SE (NYSE: SAP) today announced that shareholders approved all agenda items proposed by management at the company’s Annual General Meeting of Shareholders.
For the first time, the meeting was held entirely as a virtual meeting, due to the ongoing COVID-19 pandemic; 6,100 viewers watched the live stream.
For fiscal 2019, SAP shareholders will receive a dividend of €1.58 per share (previous year: €1.50). The total distribution to shareholders amounts to €1.86 billion. Dividends are slated for payment on or after May 26, 2020. The shareholders approved the acts of the Executive and Supervisory Board for the 2019 fiscal year.
Shareholders adopted an anticipatory resolution, which preserves the option to increase the share capital, that had expired in May 2020. This replaces identical resolutions from the years 2010 and 2015, which had not been used, and extends the possibility of a capital increase until 2025.
With an approval of 78%, the Annual General Meeting also adopted the proposal for the revised system of Executive Board remuneration. For the first time, this system links the company’s successes in the area of sustainability with the remuneration of the Executive Board.
Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.
About SAP
As the Experience Company powered by the Intelligent Enterprise, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables more than 440,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.
Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via email links, and subscribe to RSS feeds from SAP TV.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, financial community only:
Stefan Gruber, +49 (6227) 7-44872, investor@sap.com, CET
For more information, press only:
Susan Miller, +1 (610) 661-9225, susan.miller@sap.com, ET
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET
SAP News Center press room; press@sap.com
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2020 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.
Please consider our privacy policy. If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact press@sap.com and write Unsubscribe in the subject line.
This article first appeared on the SAP News Center.