SAP Announces Extension of Share Repurchase Program.
The initiative, with a budget of up to 500 million, is scheduled to be implemented between August 1 and December 31, 2022. It will be put into practice in accordance with the limitations outlined in that meeting's authorisation, which was given by SAP SE's annual general meeting on May 17, 2018. Shares that have been repurchased will mostly be utilized to fulfill awards given to workers under share-based compensation programs.
The fresh share repurchase program comes after SAP repurchased approximately 14 million shares in 2020 for approximately 1.5 billion and approximately 10 million shares in the first half of 2022 for approximately 1 billion.
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