(Reuters) - Hasso Plattner, co-founder of German software firm SAP, concluded an agreement with a bank, which was not named, to dispose of nearly 1.46 million shares of the company, a disclosure release said on Wednesday.
Plattner, who according to Refinitiv data personally owns a 3.16% stake and a 3.44% stake via his foundation, intends to sell between 40-60% of the amount of shares until December 13 this year.
The target share price will equal the volume-weighted average stock price during the sales period.
(Reporting by Andrey Sychev; Editing by Miranda Murray)
Founder of 5 different companies, among them: SAP SE, INCHRON GmbH and D-LABS GmbH, Hasso Plattner is a German entrepreneur and businessperson who has been the head of 5 different companies and presently is Chairman-Supervisory Board at SAP SE (which he founded in 1972) and Chairman-Supervisory Board at SAP Deutschland SE & Co. KG (a subsidiary of SAP SE) and Managing Director at HPC Germany GmbH & Co. KG. He is also Professor at Hasso-Plattner-Institut für Digital Engineering gGmbH (he founded the company in 1998). Dr. Plattner previously occupied the position of Chairman-Supervisory Board of D-LABS GmbH (he founded the company in 2006) and Chairman-Supervisory Board at INCHRON GmbH (he founded the company in 2009). Dr. Plattner received a graduate degree from the University of Karlsruhe.
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