SAP SE

Transaction in Own Shares • Sep 28, 2001

News Details

Ad-hoc | 28 September 2001 08:00

SAP AG english

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– SAP SHARE REPURCHASE PROGRAM APPROVED BY EXECUTIVE BOARD WALLDORF, Germany — September 28, 2001 — SAP AG (NYSE: SAP), the leading provider of e-business software solutions, today announced that its Executive Board has approved the repurchase of up to EUR 400,000,000 worth of the Company’s shares. The Executive Board was authorized by the Annual General Meeting in May 2001 to repurchase up to 30 million shares by no later than October 31, 2002. Shares repurchased are to be used primarily for the purpose of fulfilling the Company’s Long Term Incentive plan or using the shares in the context of acquisitions. Purchases will be made from time-to-time at the Company’s discretion subject to market conditions, and may be commenced or suspended without prior notice. end of ad-hoc-announcement (c)DGAP 28.09.2001 ——————————————————————————– WKN: 716460; Index: DAX Listed: Amtlicher Handel in Berlin, Frankfurt, Stuttgart; Freiverkehr in Bremen, Düsseldorf, Hamburg, Hannover, München; EUREX; Swiss Exchange; London; NYSE 280800 Sep 01