Share Issue/Capital Change • Feb 1, 2010
Share Issue/Capital Change
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Ad-hoc | 1 February 2010 16:34
SAP AG: SAP Expects Stock Options to be Exercised on February 1
SAP AG / Miscellaneous/Share Buyback
01.02.2010
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.
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.
About SAP
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.
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,' 'outlook,' '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.
Copyright (c) 2010 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP
products and services mentioned herein as well as their respective logos
are trademarks or registered trademarks of SAP AG in Germany and in several
other countries all over the world. All other product and service names
mentioned are the trademarks of their respective companies. Data contained
in this document serve informational purposes only. National product
specifications may vary.
For more information, press only:
Christoph Liedtke, +49 (6227) 7-50383, [email protected], CET
Guenter Gaugler +49 (6227) 7-65416, [email protected], CET
For more information, financial community only:
Stefan Gruber, +49 (6227) 7-44872, [email protected], CET
Martin Cohen, +1 (212) 653-9619, [email protected], ET
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
Language: English
Company: SAP AG
Dietmar-Hopp-Allee 16
69190 Walldorf
Deutschland
Phone: +49 (0)6227 - 74 74 74
Fax: +49 (0)6227 - 75 75 75
E-mail: [email protected]
Internet: www.sap.com
ISIN: DE0007164600
WKN: 716460
Indices: DAX
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Stuttgart; Freiverkehr in Düsseldorf, Hannover, München,
Hamburg; Terminbörse EUREX; Foreign Exchange(s) NYSE
End of News DGAP News-Service
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