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Software AG GB 2013. englisch

described above. Later in the meeting, based on the recommendation of the Strategy Committee and its own exhaustive discussion, the Supervisory Board decided in favor of the acquisition of all shares of Relational Networks Inc. (LongJump), the acquisition of the Apama division of Progress (asset deal), the acquisition of all shares of JackBe Inc. and—in the absence of Dr. Bereczky and under the chairmanship of Ms. Neumann—the acquisition of all shares of alfabet AG. Two meetings took place on May 3, 2013, the day of the Annual Shareholders’ Meeting. In the first meeting prior to the Annual Shareholders’ Meeting, busi- ness development in the first quarter of 2013 was the topic at hand. After the Annual Shareholders’ Meeting, another meeting took place in which the various M&A projects were reviewed. And, following an exhaustive discussion, the resolution was passed to a) issue a promissory note worth a total volume of €150 million and b) enter an agreement with the European Investment Bank for a loan of €100 million. The next meeting took place on July 26, 2013. This meeting dealt primarily with the presentation of strategically relevant projects as well as the sale of all shares in Software AG subsidiaries located in the Czech Republic, Hungary and Slovakia— primarily SAP consulting operations—to the itelligence group. With regard to Management Board issues, on the recommendation of the Committee for Com- pensation and Succession Issues, the early reappointment of CEO Mr. Karl-Heinz Streibich and a relevant pension commitment adjustment were discussed—in the absence of all members of the Management Board. In light of the resulting continuity during a period of strategy transition and Company transformation, the decision was made to reappoint Mr. Streibich as member and Chairman of the Management Board for a term of five years from August 1, 2013 to July 31, 2018 and to adjust his pension commitment accordingly. On August 26, 2013 in an extraordinary telephone meeting, the Supervisory Board stated its agreement with Mr. Streibich’s nomination for a court appointment to the supervisory board of Deutsche Telekom AG thereby approving Mr. Streibich’s acceptance of an appointment to the supervisory board of Deutsche Telekom AG. 53 Corporate Governance Group Management Report Consolidated Financial Statements Notes Additional Information Report of the Supervisory Board