WALLDORF, Germany — July 21, 2022 —
SAP SE (NYSE:
SAP) today announced a new share repurchase
program. The program, with a volume of up to €500 million, is planned to be
executed in the period between August
1 and December 31, 2022. It will be implemented based on the authorization
granted by the Annual General
Meeting of SAP SE on May 17, 2018, and in compliance with the restrictions set
forth therein. Repurchased shares
will primarily be used to service awards granted under share-based compensation plans for employees.
The new share repurchase program follows SAP’s 2020 repurchase of around 14 million shares
for about
€1.5 billion and the repurchase of around 10 million shares for about €1 billion
in the first half of 2022.
