UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
February 22, 2018
Commission file number:
1-14251
SAP SE
(Exact name of registrant as specified in its charter)
SAP EUROPEAN COMPANY
(Translation of registrants name into English)
Dietmar-Hopp-Allee 16
69190 Walldorf
Federal Republic of Germany
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_______.
SAP SE
FORM 6-K
On February 21, 2018, SAP SE, (SAP), issued a press release (the Press Release) announcing that the Executive Board and the Supervisory Board of SAP SE recommend that shareholders approve a dividend of 1.40 per share for the fiscal year 2017 at the Annual General Meeting of Shareholders. The Press Release is attached as Exhibit 99.1 hereto and incorporated by reference herein.
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, 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 SAPs future financial results are discussed more fully in SAPs filings with the U.S. Securities and Exchange Commission (the SEC), including SAPs 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.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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SAP SE | ||||
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By: |
/s/ Christoph Huetten |
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Name: |
Dr. Christoph Huetten | ||
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Title: |
Chief Accounting Officer | ||
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By: |
/s/ Christopher Sessar |
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Name: |
Dr. Christopher Sessar | ||
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Head of Corporate External | ||
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Reporting | ||
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Date: February 22, 2018 |
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Exhibit 99.1
For immediate release
February 21, 2018
SAP Raises Dividend Policy to 40% or More of Profit after Tax; Recommends a Dividend of 1.40 per Share
WALLDORF, Germany February 21, 2018 The Executive Board and the Supervisory Board of SAP SE (NYSE: SAP) recommend that shareholders approve a dividend of 1.40 per share for the fiscal year 2017 at the Annual General Meeting of Shareholders. This represents a year-over-year increase of 0.15, or 12% compared to last years dividend of 1.25. If the shareholders approve this recommendation and if treasury shares remain at the 2017 closing level, the total amount of dividends to be distributed will be approximately 1.67 billion (2016: 1.5 billion), representing a pay-out ratio of 41% (2016: 41%). Further, SAP has increased the dividend policy to 40% or more of profit after tax (previously more than 35%).
With strong growth and positive cash flow in 2017, we had a very successful year. We are recommending a 12% higher dividend, so our shareholders will participate greatly in this success, said Luka Mucic, Chief Financial Officer, SAP. Further, to emphasize our attractive dividend, we are adjusting our dividend policy upwards, to consistently pay an annual dividend of 40% or more of profit after tax.
The Annual General Meeting of Shareholders is scheduled for May 17, 2018 in Mannheim, Germany. The 2017 fiscal year dividend is scheduled to be paid on or after May 22, 2018.
Note to holders of SAP ADRs (American Depositary Receipts): One SAP ADR represents one SAP SE share. The final dividend amount per ADR is dependent upon the euro/US dollar exchange rate. Since SAP SE pays cash dividends on the ordinary shares in euro, the exchange rate fluctuations will affect the US dollar amounts received by holders of ADRs. The final dividend payment by SAP SE to the depositary bank is scheduled for May 22, 2018. The depositary bank will then convert the dividend payment from euro into US dollars as promptly as practicable.
About SAP
As a market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 378,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
For more information, financial community only: |
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Stefan Gruber |
+49 (6227) 7-44872 |
investor@sap.com, CET |
Follow SAP Investor Relations on Twitter at @sapinvestor. |
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For more information, press only: |
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Nicola Leske |
+49 (6227) 7-50852 |
nicola.leske@sap.com, CET |
Daniel Reinhardt |
+49 (6227) 7-40201 |
daniel.reinhardt@sap.com, CET |
Rajiv Sekhri |
+49 (6227) 7-74871 |
rajiv.sekhri@sap.com, CET |
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For customers interested in learning more about SAP products: |
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Global Customer Center: |
+49 180 534-34-24 |
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SAP Raises Dividend Policy to 40% or More of Profit after Tax; Recommends a Dividend of 1.40 per Share
United States Only: +1 (800) 872-1SAP (+1-800-872-1727)
Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via e-mail links and subscribe to RSS feeds from SAP TV.
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, 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 SAPs future financial results are discussed more fully in SAPs filings with the U.S. Securities and Exchange Commission (SEC), including SAPs 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.
© 2018 SAP SE. All rights reserved.
No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP SE. The information contained herein may be changed without prior notice.
Some software products marketed by SAP SE and its distributors contain proprietary software components of other software vendors. National product specifications may vary.
These materials are provided by SAP SE and its affiliated companies (SAP Group) for informational purposes only, without representation or warranty of any kind, and SAP Group shall not be liable for errors or omissions with respect to the materials. The only warranties for SAP Group products and services are those that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. Please see https://www.sap.com/corporate/en/legal/copyright.html for additional trademark information and notices.