WALLDORF, Germany, Feb. 25, 2021 /PRNewswire/
-- The Supervisory Board of SAP SE (NYSE: SAP) has
decided, in alignment with the Executive Board, to recommend that
shareholders approve a dividend of €1.85 per share for fiscal year
2020. This represents a year-over-year increase of €0.27 or 17%. If
the shareholders approve this recommendation and if treasury shares
remain at the 2020 closing level, the total amount of dividends to
be distributed will be approximately €2.18 billion (2019: €1.86
billion), representing a pay-out ratio of 41% (2019: 55%). The 2020
fiscal year dividend is scheduled to be paid on or after
May 18, 2021.
"Despite being faced with unique challenges in 2020, we
delivered strong IFRS profit and a record year for cash flow. We
believe our shareholders should participate in this success.
Therefore, we recommend a 17% increase in dividend," said Luka
Mucic, Chief Financial Officer, SAP SE.
Two by-elections of shareholder representatives in the SAP
Supervisory Board will be held at the 2021 Annual General Meeting
of Shareholders (AGM). Diane Greene
resigned from the Supervisory Board in December 2020. Dr. h.c. mult. Pekka Ala-Pietilä
announced he will retire from the Supervisory Board with effect
from the close of the Annual General Meeting in May 2021. Following the proposal of the
Nomination Committee, the Supervisory Board nominated two
candidates to stand for election as shareholders'
representatives:
- Dr. Qi Lu (59), Beijing,
China, Founder & Chief Executive Officer, MiraclePlus
Ltd., Beijing, China. Dr. Lu has
extensive experience in the US and Chinese software industry,
including senior executive roles at Microsoft and Baidu. Dr. Lu was
named to the SAP Supervisory Board by Local Court of Mannheim
effective December 21, 2020. If
elected, his term would expire in 2023. Dr. Lu is a citizen of
the United States of America.
- Dr. Rouven
Westphal (48), Potsdam, Germany, Member of the Executive Board of the
Hasso Plattner Foundation, Potsdam, Germany, and Managing Director of the General
Partner of HPC Germany GmbH & Co. KG, Potsdam, Germany. Dr. Westphal has experience in
business consultancy and the venture capital industry, and was
co-founder and managing director of EXASOL AG (formerly exasol
GmbH). If elected, his term would expire in 2022. Dr. Westphal is a
citizen of Germany.
The AGM will be held on May 12,
2021, as a virtual event. More information will be made
available in advance of the AGM at www.sap.com/agm.
Additionally, the Supervisory Board has extended the contract of
Juergen Mueller, Chief Technology
Officer and member of the SAP Executive Board, for three years
through the end of 2024.
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
18, 2021 The depositary bank will then convert the dividend
payment from euro into US dollars as promptly as practicable.
About SAP
SAP's strategy is to help every business run as an intelligent
enterprise. As a market leader in enterprise application software,
we help 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 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.
For customers
interested in learning more about SAP products:
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Global Customer
Center:
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+49 180
534-34-24
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United States
Only:
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+1 (800) 872-1SAP
(+1-800-872-1727)
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