Rueil-Malmaison (France), July 20, 2011 – At the Annual General Meeting held on 21 April 2011, Schneider Electric shareholders approved the division of the nominal value of the shares by two. The Management board has decided that the share par value split will take effect on 2 September 2011. The operation will make the shares more accessible particularly to individual shareholders and will also improve the share liquidity.
Effective on 2 September 2011, instead of every € 8 nominal value share held on that date, shareholders will receive two shares of € 4 nominal value.
The division of the nominal value of the share will not have an impact on the tax situation or the rights of the shareholders. It will be carried out at no expense or formalities for them.
As a result of this transaction, the total number of shares outstanding will double and the share will trade on the basis of the stock market opening price on 2 September 2011 divided by two.
A notification will be published by NYSE Euronext Paris in late August 2011.
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 centers/networks, as well as a broad presence in residential applications. Focused on making energy safe, reliable, and efficient, the company's 110,000 plus employees achieved sales of 20 billion euros in 2010, through an active commitment to help individuals and organizations “Make the most of their energy”.