Rueil-Malmaison (France), May 28, 2010 - The Schneider Electric SA shareholders' meeting approved on April 22, 2010 the payment of a dividend for the fiscal year 2009 at € 2.05 per share and decided to offer shareholders the option to receive the dividend in cash or in new shares. The issue price of the new shares was fixed at € 76.15 per share.
62.4% of the rights have been exercised in favour of this option.
The success of the dividend reinvestment option allows Schneider Electric to increase its shareholders’ equity by € 331 millions with the issuance of 4,345,794 new shares (1.7% of its share capital), which will be delivered and admitted for trading on Euronext Paris on June 1, 2010.
The new shares issued will carry dividend rights from January 1st, 2010 and be assimilated to the existing shares of the Company.
The cash dividend, which amounts to a total of € 199 millions, will also be paid on June 1, 2010.
About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in energy and infrastructure, industrial processes, building automation, and data centres/networks, as well as a broad presence in residential applications. Focused on making energy safe, reliable, and efficient, the company's 100,000+ employees achieved sales of more than 15.8 billion euros in 2009, through an active commitment to help individuals and organisations “Make the most of their energy”.