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DGAP-DD: SAP SE english

22.05.2017, 12:51 Uhr






Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them


22.05.2017 / 12:51



The issuer is solely responsible for the content of this announcement.









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1. Details of the person discharging managerial responsibilities / person closely associated



a) Name






Title:Prof. Dr. h.c. mult.
First name:Hasso
Last name(s):Plattner

2. Reason for the notification



a) Position / status


Position:Member of the administrative or supervisory body



b) Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor



a) Name

SAP SE


b) LEI

529900D6BF99LW9R2E68 

4. Details of the transaction(s)



a) Description of the financial instrument, type of instrument, identification code




Type:Share
ISIN:DE0007164600


b) Nature of the transaction

Share sale program: The notifying person entered into an agreement with a bank acting as commission agent on the disposal of SAP shares with an aggregate value of up to EUR 120,000,000. The disposal will take place during the period from 22 May 2017 until 30 April 2018, by monthly sales of SAP shares with a value of EUR 10,000,000. The bank may decide in its free discretion when the sales will take place within each month and whether sales are to be carried out on the stock exchange or over the counter. The bank shall, however, only sell a maximum volume of EUR 5,000,000 per calendar week. The target sale price is the volume-weighted XETRA average price of the SAP share on the relevant day of sale. The bank will not offer the SAP shares for sale unless a minimum price of EUR 70.00 per SAP share is achieved. The bank will not sell SAP shares during statutory closed periods applicable to the notifying person. If the monthly volume of EUR 10,000,000 cannot be sold due to the defined minimum price or due to a statutory closed period, the bank will postpone the sales to the month following the month concerned, but not after 30 April 2018. If the postponed sales cannot be carried out in the month following the month concerned, the right to sell the volume allocated to the month concerned and not yet sold will expire.



c) Price(s) and volume(s)







Price(s)Volume(s)
not numberablenot numberable


d) Aggregated information







PriceAggregated volume
not numberablenot numberable


e) Date of the transaction

2017-05-22; UTC+2


f) Place of the transaction

Outside a trading venue














22.05.2017 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de














Language:English
Company:SAP SE

Dietmar-Hopp-Allee 16

69190 Walldorf

Germany
Internet:www.sap.com





 
End of NewsDGAP News Service




35337  22.05.2017 

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