- Annual General Meeting of Shareholders to Be Held as
Physical Event
- SAP Supervisory Board Proposes Changes to Executive
Compensation System
WALLDORF, Germany, Feb. 22,
2023 /PRNewswire/ -- The Supervisory Board and
Executive Board of SAP SE (NYSE: SAP) have decided to recommend
that shareholders approve a dividend of €2.05 per share for fiscal
year 2022. This is an increase of €0.10, or 5% compared to the
regular dividend paid for fiscal year 2021. The dividend for 2021
consisted of a regular dividend of €1.95 and a special dividend of
€0.50 in celebration of SAP SE's 50th anniversary for a total
dividend of €2.45. If approved by shareholders and assuming the
same level of treasury shares, the total amount distributed in
dividends would be approximately €2.4 billion (2021: €2.865 billion
including the special dividend), representing a pay-out ratio of
140% (2021: 53% total dividend, 43% excluding the special
dividend).
SAP believes that its shareholders should benefit appropriately
from the profit the Company made in 2022. The Company's dividend
policy is to pay a dividend totaling 40% or more of profit after
tax.
2023 Annual General Meeting to be Held as Physical
Event
The Executive Board, with the approval of the Supervisory Board,
has decided to hold the 2023 Annual General Meeting of Shareholders
as a physical event in the SAP Arena in Mannheim, Germany on May 11,
2023. The whole event will be webcast on the Company's
website and online voting options will be available. Further
details will be published at https://www.sap.com/agm in late
March.
SAP Supervisory Board Proposes Changes to the Executive
Compensation System
The SAP Supervisory Board has proposed changes to the executive
compensation system, addressing investor feedback. Points addressed
in the proposal include: increased alignment of pay for
performance, expanded non-financial indicators in both the
short-term incentive and long-term incentive, lowered caps, and
increased share ownership guidelines. Shareholders' approval will
be sought for the new system at the Annual General Meeting of
Shareholders. Further details will be published at
https://www.sap.com/agm in late March.
Note to holders of SAP ADRs (American Depositary
Receipts):
One SAP ADR represents one SAP SE share. The final dividend
amount per ADR is dependent upon the euro/US dollar exchange rate.
Since SAP SE pays cash dividends on the ordinary shares in euro,
the exchange rate fluctuations will affect the US dollar amounts
received by holders of ADRs. The final dividend payment by SAP SE
to the depositary bank is scheduled for May
16, 2023. The depositary bank will then convert the dividend
payment from euro into US dollars as promptly as practicable.
Visit the SAP News Center. Follow SAP on Twitter at
@SAPNews.
About SAP
SAP's strategy is to help every business run as an intelligent,
sustainable enterprise. As a market leader in enterprise
application software, we help companies of all sizes and in all
industries run at their best: SAP customers generate 87% of total
global commerce. 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 business and public customers across 25 industries
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
