SAP proposes a dividend increase of €2.45 ​​per share

WALLDORF, Germany, February 24, 2022 /PRNewswire/ — The Supervisory Board and Board of Directors of SAP SE (NYSE: SAP) have decided to recommend that shareholders approve a dividend of €2.45 ​​per share for fiscal year 2021. This represents a increase of approximately 32% year-on-year. %. This payment includes an exceptional dividend of €0.50 to celebrate SAP’s 50th anniversary. If the shareholders approve this recommendation, based on the number of treasury shares in the December 31, 2021, the total amount of dividends to be distributed would be approximately €2.89 billion (2020: €2.18 billion), i.e. a payout ratio of 54% (2020: 41%). Excluding the exceptional dividend, the ratio would be around 43%. The dividend for the 2021 financial year should be paid on or after May 23, 2022.

“Our strategy to accelerate our cloud transformation is working. We have had an exceptional year of strong results and want our shareholders to participate in this success with an increased dividend. We also recommend an additional special dividend to celebrate 50 years of SAP.and anniversary,” said Luka Mucic, CFO, SAP SE.

Supervisory Board elections
On the proposal of the Appointments Committee, the Supervisory Board has nominated three candidates for re-election at the 2022 General Meeting of Shareholders, in line with the Skills and Competencies Profile and the objectives set by the Supervisory Board for its own composition .

The candidates are:

  • Teacher. Hasso Plattner (78), Potsdam, Germany, Chairman of the Supervisory Board of SAP SE. If re-elected, his 2-year term would expire in 2024.
  • Dr. Gunnar Wiedenfels (44), Greenwich, ConnecticutUSA, Chief Financial Officer, Discovery, Inc., New York City, New York, United States. If re-elected, his term would expire in 2026.
  • dr. Rouven Westphal (49), Potsdam, Germanymember of the board of directors of the Hasso Plattner Foundation, Potsdam, Germanyand managing director of the general partner of HPC Germany GmbH & Co. KG, Potsdam, Germany. If re-elected, his term would expire in 2026.

For candidate profiles, visit www.sap.com/agm.

A fourth seat will become available after the 2022 AGM, as Bernard Liautaud decided to leave his role. The candidate for this seat will be announced in the coming weeks.

Appointment of lead independent director
SAP’s supervisory board introduces the role of lead independent director. With this newly created role, the Supervisory Board reinforces its alignment with international best practices in corporate governance, emphasizing the importance of the independence of the Supervisory Board. dr. Friederike Rotschmember of the Supervisory Board since 2018, will assume this position at the end of the General Meeting of Shareholders of May 2022. For more information on the Independent Master Administrator role, see the Corporate Governance section of the SAP website.

The 2022 Annual General Meeting will be held as a virtual event
The Management Board, with the agreement of the Supervisory Board, has decided to hold the 2022 General Meeting of Shareholders as a virtual event. This is due to the unpredictable development of the pandemic situation in Germany over the next few months, the substantial risk of pandemic-related restrictions for large events, as well as to ensure the safety of all participants. Further details will be posted on www.sap.com/agm in early April.

Note to holders of SAP ADR (American Depositary Receipts):
One SAP ADR represents one SAP SE share. The final amount of the dividend per ADR depends on the euro/US dollar exchange rate. Because SAP SE pays cash dividends on ordinary shares in euros, fluctuations in exchange rates will affect the US dollar amounts received by ADR holders. The payment of the balance of the dividend by SAP SE to the custodian bank is scheduled for May 23, 2022. The Custodian Bank will then convert the dividend payment from Euro to US Dollars as quickly as possible.

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

About SAP
SAP’s strategy is to help every business run like an intelligent business. As the market leader in enterprise application software, we help businesses of all sizes and in all industries run at their best: SAP customers generate 87% of total global business. Our machine learning, Internet of Things (IoT) and advanced analytics technologies help transform our customers’ businesses into intelligent enterprises. SAP helps empower people and organizations with deep business insights and fosters collaboration that helps them stay ahead of their competitors. We simplify technology for businesses so they can consume our software the way they want, without disruption. Our suite of end-to-end applications and services enable businesses and public customers in 25 industries around the world to operate profitably, continuously adapt, and make a difference. With a global network of customers, partners, employees and thought leaders, SAP helps the world run better and people’s lives better. For more information, visit www.sap.com.

This document contains forward-looking statements, which are predictions, projections or other statements regarding future events. These statements are based on current expectations, forecasts and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially. Additional information regarding these risks and uncertainties can be found in our filings with the Securities and Exchange Commission, including, but not limited to, the risk factors section of SAP’s 2020 Annual Report on Form 20- F.”

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