22. SHAREHOLDERS’ EQUITY
Subscribed Capital
As of December 31, 2004, SAP AG had 316,003,600 no-par common shares issued (including treasury stock) with a calculated nominal value of €1 per share.
The number of common shares increased by 590,047 (corresponding to €590,047) as a result of the exercise of awards granted under certain stock-based compensation plans.
Shareholdings in SAP AG as of December 31, 2004, are as follows:
|
Number of shares
|
Subscribed capital |
Number of shares
|
Subscribed capital |
| 2004 |
2004 |
2003 |
2003 |
|
(000) |
% |
(000) |
% |
| Hasso Plattner GmbH & Co. Beteiligungs-KG |
31,240 |
9.9 |
31,240 |
9.9 |
| Dietmar Hopp Stiftung GmbH |
28,017 |
8.9 |
28,017 |
8.9 |
| Klaus Tschira Stiftung gGmbH |
21,155 |
6.7 |
21,155 |
6.7 |
| Dr. h. c. Tschira Beteiligungs GmbH & Co. KG |
15,833 |
5.0 |
15,833 |
5.0 |
| Hasso Plattner Förderstiftung gemeinnützige GmbH |
5,229 |
1.6 |
6,000 |
1.9 |
| Golfplatz St. Leon-Rot GmbH & Co. Beteiligungs-KG |
4,811 |
1.5 |
4,811 |
1.5 |
| Treasury stock |
5,363 |
1.7 |
4,565 |
1.5 |
| Free float |
204,356 |
64.7 |
203,793 |
64.6 |
|
316,004 |
100.0 |
315,414 |
100.0 |
Golfplatz St. Leon-Rot GmbH & Co. Beteiligungs-KG is wholly owned by Dietmar Hopp.
Authorized Capital
The Articles of Association authorize the Executive Board of
SAP AG (the “Executive Board”) to increase the Subscribed capital
- up to a total amount of €60 million through the issuance of new common shares in return for contributions in cash until May 1, 2006 (“Authorized Capital I”). The issuance is subject to the statutory subscription rights of existing shareholders.
- up to a total amount of €60 million through the issuance of new common shares in return for contributions in cash or in kind until May 1, 2006 (“Authorized Capital II”). Subject to certain preconditions and the consent of the Supervisory Board, the Executive Board is authorized to exclude the shareholders’ statutory subscription rights.
- up to an aggregate amount of €15 million against contribution in cash by issuing new common shares until May 1, 2007 (“Authorized Capital III”). The new shares may be subscribed by a credit institution only, and only to the extent that such credit institution, releasing SAP from its corresponding obligation, satisfies the conversion and subscription rights granted under the SAP AG 2000 Long Term Incentive Plan (“LTI 2000 Plan”) or SAP Stock Option Plan 2002 (“SAP SOP 2002”), respectively. The shareholders’ statutory subscription rights are excluded from this capital increase. The Executive Board may exercise this authorization only to the extent that the capital stock attributable to the new shares issued from this Authorized Capital III together with new shares from Contingent capital and treasury shares issued or transferred
for the purposes of satisfying subscription rights does not
amount to more than 10 % of the capital stock at the time of
adoption of the authorization.
No authorization to increase capital stock was exercised
in fiscal year 2004. |
