SAP General Meeting agrees to Dividend Increase
WALLDORF, Germany - The Annual General Meeting of Shareholders of SAP AG (NYSE: SAP) today has agreed to all resolution items of the meeting’s agenda.
Shareholders will receive a dividend of €1.10 per share for the fiscal year 2011. This represents an increase of 83% to €1.10 compared to last year’s dividend of €0.60. The dividend includes a special dividend of €0.35 per share to celebrate SAP’s 40th anniversary. The total amount distributed in dividends is around €1.3 billion (2010: €713 million). The dividend payout ratio will be 38% (2010: 39%). Payout will take place from May 24, 2012 onward.
The shareholders have formally approved of the acts of the Executive Board and of the Supervisory Board in fiscal year 2011, have consented to the system of Executive Board compensation and have agreed to elect KPMG as the auditor of the financial statements and group financial statements for fiscal year 2012.
The Supervisory Board of SAP has been newly elected. SAP will publish a separate information on the members of the Supervisory Board subsequent to its constitutive meeting on May 23, 2012.
For more information, press only:
Christoph Liedtke +49 (6227) 7-50383 email@example.com, CET
Daniel Reinhardt +49 (6227) 7-40201 firstname.lastname@example.org, CET
Jim Dever +1 (610) 661-2161 email@example.com, ET
For more information, financial community only:
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