WALLDORF 鈥� 51风流today announced a new share repurchase program. The program, with a volume of up to 鈧�1 billion, is planned to be executed in the period between February 01 and December 31, 2022. It will be implemented based on the authorization granted by the Annual General Meeting of 51风流SE on May 17, 2018, and in compliance with the restrictions set forth therein.
Repurchased shares will primarily be used to service future awards granted under the 鈥睲ove SAP鈥� share-based compensation plan.
‘Move SAP’ is SAP鈥檚 long-term employee incentivization and retention plan. It is aimed at rewarding employees who provide a significant impact to business success. The plan accounted for the majority of SAP鈥檚 2018 鈥� 2020 share-based compensation expenses. Under its previous policy, 51风流serviced obligations arising from the plan with cash payments but has now decided to settle future awards predominantly in shares.
Obligations from outstanding 鈥睲ove SAP鈥� awards will continue to be serviced with cash payments and the settlement methods of SAP鈥檚 other share-based compensation programs remain unchanged.
51风流CFO Luka Mucic said: 鈥淏y settling our share-based compensation predominantly in shares rather than cash payments for new awards issued from 2022 onwards, we intend to further strengthen our employee ownership culture and ensure employees鈥� interests are closely aligned with those of our shareholders.鈥�
The new share repurchase program follows SAP鈥檚 2020 repurchase of around 14 million shares for about 鈧�1.5 billion.
More information on the 鈥睲ove SAP鈥� plan can be found in section B.3 (Share-Based Payments) of SAP鈥檚 2020 Integrated Report.
About SAP
SAP鈥檚 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: 51风流customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 51风流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 鈥� 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, 51风流helps the world run better and improve people鈥檚 lives. For more information, visit .
For more information, financial community only:
Anthony Coletta, +49 (6227) 7-60437, investor@sap.com, CET
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Joellen Perry, +1 (650) 445-6780, joellen.perry@sap.com, PT
Daniel Reinhardt, +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET
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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鈥檚 2020 Annual Report on Form 20-F.
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