(20) Shareholders’ Equity
Common Stock
As at December 31, 2007, the capital stock of SAP AG consisted of 1,246,258,408 (2006: 1,267,537,248) shares of no-par common stock (including treasury stock), with a calculated nominal value of €1 per share.
The number of common shares decreased by 23,000,000 shares (corresponding to €23,000,000) in 2007 due to cancellation of shares in treasury stock, partially offset by an increase of 1,721,160 shares (corresponding to €1,721,160) as a result of the exercise of awards granted under certain share-based payment plans. In 2006 the number of Common stock increased by 950,652,936 (corresponding to €950,652,936) with the issuance of bonus shares at a 1-to-3 ratio under a capital increase from corporate funds and by 426,491 (corresponding to €426,491) as a result of the exercise of awards granted under certain share-based payment plans.
Shareholdings in SAP AG as at December 31, 2007, were as follows:
| 2007 | 2006 | |||
| Number of shares |
Percent of common stock |
Number of shares |
Percent of common stock | |
| (000) | % | (000) | % | |
| Hasso Plattner GmbH & Co. Beteiligungs-KG |
113,719 | 9.1 | 113,719 | 9.0 |
| Dietmar Hopp Stiftung GmbH |
109,869 | 8.8 | 109,869 | 8.7 |
| Klaus Tschira Stiftung gGmbH |
78,474 | 6.3 | 67,472 | 5.3 |
| Dr. h. c. Tschira Beteiligungs GmbH & Co. KG |
32,831 | 2.6 | 63,331 | 5.0 |
| Hasso Plattner Förderstiftung gGmbH |
15,245 | 1.2 | 16,062 | 1.2 |
| DH-Besitzgesellschaft mbH & Co. KG1) |
6,404 | 0.5 | 10,200 | 0.8 |
| Dr. h.c. Tschira and wife | 3,178 | 0.3 | 2,000 | 0.2 |
| Treasury stock | 48,065 | 3.9 | 49,251 | 3.9 |
| Free float | 838,473 | 67.3 | 835,633 | 65.9 |
| 1,246,258 | 100.0 | 1,267,537 | 100.0 | |
1) DH-Besitzgesellschaft mbH & Co. KG is wholly owned by Dietmar Hopp.
Authorized Capital
The Articles of Incorporation authorize the Executive Board of SAP AG (the “Executive Board”) to increase the Common stock:
- Up to a total amount of €60 million through the issuance of new common shares in return for contributions in cash until May 11, 2010 (“Authorized Capital I”). The issuance is subject to the statutory subscription rights of existing shareholders.
- Up to a total amount of €180 million through the issuance of new common shares in return for contributions in cash until May 8, 2011 (“Authorized Capital Ia”). 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 11, 2010 (“Authorized Capital II”). This capital increase could also be executed as a result of a business combination. 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 a total amount of €180 million through the issuance of new common shares in return for contributions in cash or in kind until May 8, 2011 (“Authorized Capital IIa”). This capital increase could also be executed as a result of a business combination. Subject to certain preconditions and the consent of the Supervisory Board, the Executive Board is authorized to exclude the shareholders’ statutory subscription rights.
No authorization to increase Common stock was exercised in fiscal year 2007.
