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SAP Recommends Dividend of €0.85 per Share
“Since SAP’s IPO 25 years ago, it has always been our policy to let shareholders participate in our success,” said Werner Brandt, CFO of SAP. “The increase in regular dividend of 13% and pay-out ratio of 36% demonstrate SAP’s commitment to our shareholder base.”
The Annual General Meeting of Shareholders is scheduled for June 4, 2013 in Mannheim, Germany. The payment of the dividend is scheduled for on or after June 5, 2013.
Note to holders of SAP ADRs (American Depositary Receipts): One SAP ADR represents one SAP AG share. The final dividend is dependent upon the euro/US dollar exchange rate. SAP AG pays cash dividends on the ordinary shares in euro, so exchange rate fluctuations will affect the US dollar amounts received by holders of ADRs, depending on the foreign exchange rate at the time of the conversion of the dividend cash from euro to US dollar. The final dividend payment by SAP AG to the depositary bank is scheduled for June 5, 2013. The depositary bank will then convert the dividend payment from Euro into US-Dollar as promptly as practicable.
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