Software AG sells SAP SI shares
Ad-hoc disclosure
Darmstadt/Walldorf, 4/14/2004
Software AG, Darmstadt (SOW) is to sell its total holding of 1,272,100 shares of SAP System Integration AG, Dresden (SAP SI) to SAP AG, Walldorf. The agreement was signed today. SAP will pay Euro 20.40 per share, a total of Euro 25,950,840. The price per share equals the public offering, which was announced by SAP on 23 March 2004.
The transaction should be completed within the next few days. Software AG will increase liquid funds by Euro 26 million and show an additional profit after tax of Euro 24 million (Euro cent 88 per share) in the second quarter of 2004.
Software AG is one of Europe's largest system software providers and a global provider of high-performance databases, system software and services. This technology enables customers to run mission-critical, cross-platform applications, simplify the exchange of data between disparate systems and integrate cutting-edge Web applications into traditional IT architectures. Respected for technology leadership and professional services expertise, Software AG develops products that fully support the XML (eXtensible Markup Language) standard. Founded in 1969 and headquartered in Darmstadt, Germany, Software AG is represented in 59 countries with more than 2,500 employees. Software AG achieved 422 million euros in total revenue in 2003 and is listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW).
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Contact: Software AG Otmar Winzig Senior Vice President Investor Relations & Compliance Uhlandstrasse 12 64297 Darmstadt Germany Tel: +49 (0) 6151-92-1669 Fax: +49 (0) 6151-92-34-1669 press@softwareag.com http://www.softwareag.com |
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or: Software AG Susanne Eyrich VP Corporate Communications Uhlandstr.12 64297 Darmstadt Germany Tel: +49 6151 92-1511 Mobile: + 49 170 4522702 Fax: +49 6151 92-1621 press@softwareag.com http://www.softwareag.com |
