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SAP AG today announced that the Karlsruhe (Germany) regional appellate court yesterday has accepted the application for interim release filed by SAP AG in the matter of a capital increase from corporate funds (“stock split”). This decision cannot be appealed. The capital increase from corporate funds, which was approved with an overwhelming majority at the Annual General Meeting of Shareholders of SAP AG on May 9, 2006, must be entered in the commercial registry before it can be implemented in the capital market. SAP will provide information to its shareholders on the exact timing for the implementation of the capital increase.
Saturday, December 09, 2006
Court Accepts SAP's Application for Interim Release of Capital Increase
SAP AG today announced that the Karlsruhe (Germany) regional appellate court yesterday has accepted the application for interim release filed by SAP AG in the matter of a capital increase from corporate funds (“stock split”). This decision cannot be appealed. The capital increase from corporate funds, which was approved with an overwhelming majority at the Annual General Meeting of Shareholders of SAP AG on May 9, 2006, must be entered in the commercial registry before it can be implemented in the capital market. SAP will provide information to its shareholders on the exact timing for the implementation of the capital increase.
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