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SAG QB1 2013, englisch

7 05 Interim Management Report 16 interim Financial Statements 24 Notes to the Interim Financial Statements 36 Service Share buyback and dividend In addition to targeted investments and acquisitions, Soft- ware AG is also employing its high level of disposable cash amounting to €316 million as of December 31, 2012 to repurchase treasury stock. The share buyback program was approved up to a total volume of €180 million by the Man- agement Board and Supervisory Board on February 7, 2013. During the period from February 12, 2013 to (and including) April 29, 2013, a total of 3,924,441 treasury shares were bought at an average price of €29.27 per share for a total price of €114,868,956. This represents 4.52 percent of Soft- ware AG’s share capital. The share buyback program was concluded in account of Software AG’s Annual Shareholders’ Meeting, held on May 3, 2013, to ensure that the decision on the appropriation of profits could be based on explicit terms with regard to the number of dividend-bearing shares. The Company adheres to a sustainable dividend policy with payout ratios ranging between 20 and 25 percent of Group net income. This continuity is intended for the long term. The Management and Supervisory Boards therefore again proposed a dividend of €0.46 per share for the 2012 fiscal year at the Annual Shareholders’ Meeting on May 3, 2013. This represents a payout ratio of 23 percent of Group net income. • Finally, Software AG presented a prototype solution for integrating the high-performance ADABAS transactional database with Terracotta technology and Hadoop. It allows customers to carry out analyses of their entire data store in real time. Investment in mobile solutions startup company Software AG expanded to incorporate a key technology and a growth driver of the IT sector at the end of March. The investment in Berlin-based metaquark GmbH includes a buy- out option and ensures Software AG access to the innovative startup’s technological expertise in mobile solutions. The mobile technologies of both companies have already been integrated. At CeBIT 2013 Software AG introduced its new webMethods Mobile Suite, which is a platform that covers the entire life cycle of enterprise-wide, mobile applications. This collaboration has evolved into a strategic partnership, which is now being expanded through a financial investment.­ SIGNIFICANT EVENTS DURING THE REPoRTING PERIOD 05 FINANCIAL PERFORMANCE 08 FINANCIAL POSITION 13 EMPLOYEES 14 OPPORTUNITIES AND RISKS 15 EVENTS AFTER THE ­BALANCE SHEET DATE 15 OUTLOOK 15