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ONGOING RETAIL INVESTOR COMMUNICATIONS
Four
times a year, the Company publishes SAP Investor, a printed
newsletter in German that tells shareholders, especially private
investors, the latest news about the Company, the stock, and
the overall market. This newsletter is now complemented by
SAP Investor Radio, which provides monthly bulletins on news
about the Company and the software industry.
In collaboration with banks, shareholder
associations, and investment clubs, SAP also organized several
presentations and panel discussions at which investor relations
officers of the Company answered private investors’ questions.
Once again, the year’s best-attended event was the Annual
General Shareholders’ Meeting. More than 4,000 shareholders
took part, representing some 58% of the subscribed stock. For
the first time, the Company provided an Internet link through
which shareholders could listen to speeches by the Executive
Board and Supervisory Board chairpersons and submit proxy
voting instructions.
INVESTOR RELATIONS AWARDS
SAP won several awards
in 2003 for the quality of its relationship with the investor community
and for its success in building the value of the Company.
Germany’s Capital business magazine and Deloitte &
Touche GmbH, accountants and management consultants,
awarded SAP their Investor Relations Prize in Gold for the DAX
component category. Focus Money, another German business
magazine, honored SAP with its 2003 Company of the Year
award in the DAX class. The award recognizes company performance
and the transparency of financial statements. The
IR Magazine, a global investor relations journal, identified
SAP as one of the eurozone companies that make best use of
the Internet for investor relations.
In 2004, SAP again has set high standards of
quality for its shareholder communications. Investor relations
efforts will continue to focus on timely, clear, and understandable
reporting of the Company’s strategic orientation and
performance. In particular, SAP expects to continue improving
shareholder services for U.S. private investors. It has already
taken the first step by becoming a corporate member of the
National Association of Investors Corporation (NAIC), a major
private investor community in the United States, and SAP
investor relations officers will be present at several NAIC events. |
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