- Candidates for Shareholder Representative Elections
Announced
WALLDORF, Germany, Feb. 21,
2024 /PRNewswire/ -- The Supervisory Board and
Executive Board of SAP SE (NYSE: SAP) recommend that shareholders
approve a dividend of €2.20 per share for fiscal year 2023. This is
an increase of €0.15, or 7.3% compared to the dividend paid for
fiscal year 2022. If approved by shareholders and assuming the same
level of treasury shares as at December 31,
2023, the total amount distributed in dividends would be
approximately €2.568 billion (2022: €2.393 billion), representing a
pay-out ratio of 43.1% (2022: 139.6%).
SAP believes that its shareholders should benefit appropriately
from the profit the Company made in 2023. The Company's dividend
policy is to pay a dividend totaling 40% or more of profit after
tax.
The following dates are relevant for the dividend payment:
Record date for dividend payment: May 15, 2024
Ex-dividend date: May 16, 2024
Payment date: May 21, 2024
Elections of Shareholder Representatives to the SAP
Supervisory Board
As announced, on February 11,
2024, the Supervisory Board has nominated Pekka Ala-Pietilä
to stand for election at the 2024 Annual General Meeting of
Shareholders (AGM) as shareholder representative on the SAP
Supervisory Board.
- Dr. h. c. mult. Pekka Ala-Pietilä (67),
Helsinki, Finland, Chairman of the
Board of Directors of Sanoma Corporation, Helsinki, Finland. In case of election, his
term would expire in 2026. The Supervisory Board intends to elect
him as chair.
Further, the Supervisory Board is announcing the nomination of
the following candidate to stand for election:
- Prof. Dr. Ralf Herbrich (49), Falkensee,
Germany, Managing director,
professor for artificial intelligence and sustainability, Hasso
Plattner Institute for Digital Engineering gGmbH, Potsdam,
Germany. In case of election, his
term would expire in 2028.
Additionally, three candidates have been nominated to stand for
re-election:
- Aicha Evans (54),
Los Gatos, CA, USA, Chief
Executive Officer and member of the Board of Directors, Zoox, Inc.,
Foster City, California, USA. In
case of re-election, her term would expire in 2028.
- Gerhard Oswald (70),
Walldorf, Germany, Managing
director, Oswald Consulting GmbH, Walldorf, Germany; Associate lecturer, Technical
University of Munich, Munich, Germany. In case of re-election, his
term would expire in 2026.
- Dr. Friederike
Rotsch (51), Königstein im Taunus, Germany, Group General Counsel, Deutsche Bank
AG, Frankfurt, Germany. In case of
re-election, her term would expire in 2028 and she would continue
in the role of Lead Independent Director.
These nominations are in alignment with the Profile of Skills
and Expertise, the Supervisory Board's Diversity Policy, and the
objectives set by the Supervisory Board for its own
composition.
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
21, 2024. 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
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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 26 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 2022 Annual
Report on Form 20-F.
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