SNP shareholders approve agreement to settle legal dispute with community of heirs

Specifically, the shareholders approved the agreement to settle the legal dispute with the community of heirs with more than 99% of the votes. This agreement marks a milestone for SNP, as it brings an end to multi-year litigations and results in a positive EBIT effect of around € 3 million in fiscal year 2024.

Jens Amail, CEO of SNP, comments: „We are very pleased that the shareholders approved the agreement with an overwhelming majority. After a very lengthy and resource-intensive process, we can now fully focus on our operational business and the success of our customers and partners.“

Voting results:

The detailed voting results for the individual items on the agenda of the Annual General Meeting are available on SNP's website: https://investor-relations.snpgroup.com/en/annual-general-meeting/

About SNP

SNP (ticker: SHF.DE) is the global technology platform leader and trusted partner for companies seeking unparalleled data-enabled transformation capabilities and business agility. SNP’s Kyano platform integrates all necessary capabilities and partner offerings to provide a comprehensive software-based experience in data migration and management. Combined with the BLUEFIELD approach, Kyano sets a comprehensive industry standard for restructuring and modernizing SAP-centric IT landscapes faster and more securely while harnessing data-driven innovations.

The company works with more than 3,000 customers of all sizes and in all industries worldwide, including 20 of the DAX 40 and 103 of the Fortune 500. The SNP Group has more than 1,500 employees worldwide at over 35 locations in 15 countries. The company is headquartered in Heidelberg, Germany, and generated revenues of EUR 203,4 million in the 2023 fiscal year.