Investor FAQ:
Shares/Dividend/AGM
When was SAP stock first publicly traded and what was the first quote?
SAP was first publicly traded on November 4, 1988, on the German Stock Exchange. The first quote was 753.06 DM (385.03 €). The SAP American Depositary Receipt (ADR) has been listed on the New York Stock Exchange since August 3, 1998.
What kind of shares does SAP offer and where are SAP stocks listed?
SAP shares are listed as SAP ordinary shares through the Frankfurt Stock Exchange, the electronic system XETRA, and other German regional stock exchange centers, under the ticker symbol "SAP."
In the United States, shares are listed on the New York Stock Exchange in the form of American Depositary Receipts (ADRs). An ADR is a receipt representing ordinary or common shares of a non-U.S. company. ADRs are priced in dollars and traded on U.S. exchanges, allowing investors to buy and sell shares of non-U.S. companies in exactly the same way as they purchase or sell shares of U.S. companies. SAP ADRs, with the ticker symbol "SAP," are dollar-denominated securities backed by the shares trading in Germany. The ratio between the ADR and the underlying ordinary shares is 1:1, meaning that one SAP ADR is the equivalent of one SAP ordinary share.
How can I buy SAP shares?
SAP shares are available for purchase as SAP ordinary shares through the Frankfurt Stock Exchange, the electronic system XETRA, and other German regional stock exchange centers. Individual investors who aren't from the United States can purchase SAP ordinary shares through their custodian banks, a stockbroker, or generally any institution that offers such brokerage services.
U.S. investors can purchase SAP ADRs through a broker as they would any ordinary security. They can also buy SAP ADRs through the DB-Direct Investor Services Program, which offers investors a variety of convenient, low-cost services to make it easier to invest in ADRs. DB-Direct is administered by Deutsche Bank Trust Company Americas and allows new and existing holders to make ADR purchases, sell ADRs, and reinvest dividends. Visit www.adr.db.com and click on the "DB-Direct" icon for more information about the program.
Or, contact:
Deutsche Bank Trust Company Americas
SAP AG ADR Processing Unit
c/o Mellon Investor Services
480 Washington Blvd.
Jersey City, NJ 07310
Telephone: +1-877-484-5046
Whom should I contact regarding questions about SAP shares or SAP ADRs?
Holders of SAP shares should contact SAP investor relations.
Holders of SAP ADRs with questions about stock transfer or dividend payments should contact the Deutsche Bank Trust Company Americas. Call +1-877-484-5046 or visit www.adr.db.com.
In which indices is SAP listed?
SAP shares have been listed in the DAX since September 18, 1995. They are also listed in the Prime All Share-Index, CDAX, HDAX, Stoxx50, and EuroStoxx50. You can find the current share price on the SAP Stock page.
What is the par value of SAP stock?
SAP ordinary shares are no-par shares by resolution of the Annual General Meeting of Shareholders of June 16, 1998.
When does SAP pay out dividends?
SAP pays a dividend once a year. The SAP Executive and Supervisory Boards jointly recommend the dividend amount. It is based on the SAP AG financial statements. The amount of dividend requires the shareholders approval and is officially decided upon at the SAP Annual General Meeting of Shareholders. Payout usually occurs on the next business day following our Annual General Meeting of Shareholders. For information about SAP's dividends policy, access the Dividends page.
ADR investors can invest all or a portion of the cash dividends paid on SAP ADRs through our Dividend Reinvestment Program, operated in cooperation with the Deutsche Bank Trust Company Americas. Visit www.adr.db.com and click on the "DB-Direct" icon for more information about this program.
When does the next Annual General Meeting of Shareholders take place?
Meeting dates are listed on our Financial Calendar. You can also access past General Meetings of Shareholders.
How many shares are outstanding?
There are 1,247 million ordinary shares outstanding, of which approximately 71.2% are in free float, as of December 2007.
Does SAP have a stock buyback program?
The Executive Board of SAP AG was authorized by the Annual General Meeting of Shareholders on May 10, 2007, to acquire up to 120 million shares of the company on or before October 31, 2008. The repurchase may be effected on the stock exchange or by way of a public offer to all shareholders. In this context, it is proposed that shares may also be repurchased by way of an exchange offer to all shareholders. In this context, it is proposed that shares may also be repurchased by way of an exchange offer to all shareholders. You can find more information on the Capital Operations & Stock Splits page.
What does SAP's shareholder structure look like?
You can see an overview on the Shareholder Structure page.
What is the current market capitalization?
You can find the current market capitalization on the Key Share Data page.
What is the effect of the stock split of June 26, 2000, on SAP stock and ADRs?
Ordinary and preference shares were split three for one. This means shareholders have three times the number of ordinary and preference shares since the stock split. Essentially, nothing changed for holders of the SAP ADR since the split. They still hold the same number of ADRs, but the number of ADRs per preference share decreased from 12:1 to 4:1.
When was the first trading day of SAP preference shares and when were preference shares transformed into ordinary shares?
The first trading day of SAP preference shares was August 6, 1990. By resolution of the Annual General Meeting of Shareholders on May 3, 2001, and entry into the German commercial register on June 18, 2001, all preference shares were transformed into ordinary shares. For more information, access the press release "SAP to Simplify Share Structure."
What is the effect of the change in share capital of December 2006, on SAP stock and ADRs?
After the close of stock exchange business on Wednesday, December 20, 2006, SAP AG shareholders received three additional shares ("bonus" shares) for each share they already held. As a result of the change in share capital, the ratio between the ADR and the underlying ordinary shares changed from 4:1 to 1:1, meaning that now one SAP ADR is the equivalent of one SAP ordinary share. ADR holders did not receive additional ADRs.
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