Rueil-Malmaison (France), May 5, 2009 - Schneider Electric nv/sa shareholder's meeting approved on April 23, 2009, the dividend for 2008, i.e. Euro 3.45 per share and decided that the shareholders may elect to receive their dividend in cash or in new shares.
The price of the new shares issued for dividend payment, which is equal to 90% of the average opening price quoted on the Euronext Paris stock exchange over the twenty trading sessions preceding the date of the meeting, less the amount of the dividend, is fixed at Euro 43.46.
Shares purchased under the reinvestment option will carry dividend rights form January 1st, 2009 and be assimilated to the existing shares of the company.
Shareholders shall be given the option of reinvesting the dividend in Schneider Electric shares by requesting reinvestment from their stockbroker or bank at any time between May 4, 2009 and the close of the business on May 19, 2009.
If the amount of the reinvested dividend does not correspond to a whole number of shares, the shareholder may:
- purchase the next higher whole number of shares by paying the difference in cash when the reinvestment option is exercised, or
- purchase the next lower whole number of shares and receive the difference in cash.
The dividend will be paid on May 29, 2009, either in cash or in new shares depending on the selected option.
The share dividend election described herein is not available to shareholders in Australia, Cadana, Italy, Japan or any country in which such election would require the registration with op approval by, local securities regulators. Shareholders are required to inform themselves of any conditions relating to election that may apply under their local law. In deciding whether to make an election to receive shares, shareholders should consider the risks associated with an investment in shares. For further information regarding the Company, its business, its strategy, its financial results and the risks that it faces, see section "risk factors" of the 2008 registration document of Schneider Electric nv/sa (available on www.schneider-electric.com website).