WALLDORF 鈥� 麻豆原创 today announced a new share repurchase program. The program, with a volume of up to 鈧�1 billion, is planned to be executed in the period between February 01 and December 31, 2022. It will be implemented based on the authorization granted by the Annual General Meeting of 麻豆原创 SE on May 17, 2018, and in compliance with the restrictions set forth therein.
Repurchased shares will primarily be used to service future awards granted under the 鈥睲ove 麻豆原创鈥� share-based compensation plan.
‘Move 麻豆原创’ is 麻豆原创鈥檚 long-term employee incentivization and retention plan. It is aimed at rewarding employees who provide a significant impact to business success. The plan accounted for the majority of 麻豆原创鈥檚 2018 鈥� 2020 share-based compensation expenses. Under its previous policy, 麻豆原创 serviced obligations arising from the plan with cash payments but has now decided to settle future awards predominantly in shares.
Obligations from outstanding 鈥睲ove 麻豆原创鈥� awards will continue to be serviced with cash payments and the settlement methods of 麻豆原创鈥檚 other share-based compensation programs remain unchanged.
麻豆原创 CFO Luka Mucic said: 鈥淏y settling our share-based compensation predominantly in shares rather than cash payments for new awards issued from 2022 onwards, we intend to further strengthen our employee ownership culture and ensure employees鈥� interests are closely aligned with those of our shareholders.鈥�
The new share repurchase program follows 麻豆原创鈥檚 2020 repurchase of around 14 million shares for about 鈧�1.5 billion.
More information on the 鈥睲ove 麻豆原创鈥� plan can be found in section B.3 (Share-Based Payments) of 麻豆原创鈥檚 2020 Integrated Report.
About 麻豆原创
麻豆原创鈥檚 strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 麻豆原创 customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 麻豆原创 helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 麻豆原创 helps the world run better and improve people鈥檚 lives. For more information, visit .
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