Schneider Electric SA announces the successful completion of its share capital increase with preferential subscription rights
Rueil-Malmaison, April 4, 2007 - Schneider Electric SA has successfully completed its share capital increase with preferential subscription rights which was launched on March 7 to refinance partially the acquisition of American Power Conversion (APC).
The final gross amount is € 979,146,737, corresponding to 13,412,969 new shares (with dividend entitlement in respect of the fiscal year 2007 and thereafter).
Total demand amounted to approximately € 2.5 billion, i.e. a subscription rate of approximately 250%. 13,217,192 new shares were subscribed through the exercise of rights on an irreducible basis, i.e. 98.5% of the total number of new shares. Orders for 20,578,624 new shares subscribed on a reducible basis will, as a result, only be partially allocated, i.e. for 195,777 new shares.
The settlement and listing of the new shares will take place on April 5, 2007.
The new shares will be listed on the Eurolist market of Euronext Paris on a separate quotation line (ISIN FR0010418046) until payment of the dividend in respect of Schneider Electric’s 2006 fiscal year, which is expected on May 2, 2007. From this date, the new shares will be fungible with existing shares already traded on the Eurolist market of Euronext Paris.
As from April 5, 2007, the share capital of Schneider Electric will comprise 241,433,453 shares:
About Schneider Electric
Schneider Electric is the world's power and control specialist. Through its world-class brands, Merlin Gerin, Square D and Telemecanique, Schneider Electric anticipates and satisfies its customers' requirements in the residential, building, industry and energy and infrastructure markets. With 105,000 employees and operations in 190 countries, Schneider Electric generated sales of €13.7 billion in 2006 through 13,000 distributor outlets.
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