WALLDORF, Germany, July 21,
2022 /PRNewswire/ -- SAP SE (NYSE: SAP) today
announced a new share repurchase program. The program, with a
volume of up to €500 million, is planned to be executed in the
period between August 1 and December 31,
2022. It will be implemented based on the authorization
granted by the Annual General Meeting of SAP SE on May 17, 2018, and in compliance with the
restrictions set forth therein. Repurchased shares will primarily
be used to service awards granted under share-based compensation
plans for employees.
The new share repurchase program follows SAP's 2020 repurchase
of around 14 million shares for about €1.5 billion and the
repurchase of around 10 million shares for about €1 billion in the
first half of 2022.
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globally 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.
This document contains forward-looking statements], which are
predictions, projections, or other statements about future events.
These statements are based on current expectations, forecasts, and
assumptions that are subject to risks and uncertainties that could
cause actual results and outcomes to materially differ.
Additional information regarding these risks and uncertainties may
be found in our filings with the Securities and Exchange
Commission, including but not limited to the risk factors section
of SAP's 2021 Annual Report on Form 20-F."
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SOURCE SAP SE
