SAP SE (NYSE: SAP) today announced that shareholders approved all agenda items proposed by management at the company’s Annual General Meeting of Shareholders. For the first time, the meeting was held entirely as a virtual meeting, due to the ongoing COVID-19 pandemic. 6,100 viewers watched the live stream.
For fiscal 2019, SAP shareholders will receive a dividend of €1.58 per share (previous year: €1.50). The total distribution to shareholders amounts to €1.86 billion. Dividends are slated for payment on or after May 26, 2020. The shareholders approved the acts of the Executive and Supervisory Board for the 2019 fiscal year.
Shareholders adopted an anticipatory resolution, which preserves the option to increase the share capital, that had expired in May 2020. This replaces identical resolutions from the years 2010 and 2015, which had not been used, and extends the possibility of a capital increase until 2025.
With an approval of 78%, the Annual General Meeting also adopted the proposal for the revised system of Executive Board remuneration. For the first time, this system links the company’s successes in the area of sustainability with the remuneration of the Executive Board.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
For fiscal 2019, SAP shareholders will receive a dividend of €1.58 per share (previous year: €1.50). The total distribution to shareholders amounts to €1.86 billion. Dividends are slated for payment on or after May 26, 2020. The shareholders approved the acts of the Executive and Supervisory Board for the 2019 fiscal year.
Shareholders adopted an anticipatory resolution, which preserves the option to increase the share capital, that had expired in May 2020. This replaces identical resolutions from the years 2010 and 2015, which had not been used, and extends the possibility of a capital increase until 2025.
With an approval of 78%, the Annual General Meeting also adopted the proposal for the revised system of Executive Board remuneration. For the first time, this system links the company’s successes in the area of sustainability with the remuneration of the Executive Board.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
