SAP AG / Miscellaneous/Share Buyback
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SAP Expects Stock Options to be Exercised on February 1 And Plans to Buy-Back Shares
WALLDORF, Germany - February 1, 2010 - SAP AG (NYSE: SAP) today announced that it expects stock options to be exercised on February 1, 2010, which is the last day that stock options granted in 2005 from the Company's 2002 Stock Option Plan (SOP) can be exercised. As a result, up to a total of approximately 6.6 million SAP shares will be received and sold into the market by the participants of the plan immediately on the same day, only if the SAP share price is equal to or higher than the stock options' exercise price of EUR33.66. SAP will primarily use treasury shares to service the SOP subscription rights.
Today, the SAP Executive Board has decided to buy back up to 6.6 million shares from the open market today in order to replenish the treasury stock that was used to service the exercised options.
The Company was granted approval to buy back shares at the Annual General Meeting (AGM) on May 19, 2009, which authorized the Board to buy back up to 120 million SAP shares on or before October 31, 2010. The precise number and timing of any purchases of treasury shares is subject to change, depending on market conditions.
SAP is the world's leading provider of business software, offering applications and services that enable companies of all sizes and in all industries to become best-run businesses. With approximately 95,000 customers in over 120 countries, SAP is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol 'SAP.' (For more information, visit www.sap.com)
(*) SAP defines business software as comprising enterprise resource planning and related applications.
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01.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de
Company: SAP AG
Phone: +49 (0)6227 - 74 74 74
Fax: +49 (0)6227 - 75 75 75
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Düsseldorf, Hannover, München, Hamburg; Terminbörse EUREX; Foreign Exchange(s) NYSE
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