- SAP SE ( NYSE: SAP ) announced a new share repurchase program, with a volume of up to €500M, which 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.
- Repurchased shares will primarily be used to service awards granted under share-based compensation plans for employees.
- The program follows SAP's 2020 repurchase of around 14M shares for about €1.5B and the repurchase of around 10M shares for about €1B in 1H22.
- Shares down 4% PM, despite Q2 earnings beat and unchanged outlook.
For further details see:
SAP announces additional €500M share repurchase program