APC 2002 Annual Report Download - page 19

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Ownership structure at December 31, 2002
Historical shareholders 5.73%
Caisse des Dépôts et Consignations 3.99%
Employees 3.11%
Treasury stock - Intragroup cross shareholdings 7.62%
Public France (of which 8%
Legrand founding families) 43.95%
Public (International) 35.60%
As of December 31, 2002, Schneider Electric had
approximately 149,000 shareholders (TPI estimate).
Disclosure thresholds
To the best of the Company’s knowledge, no shareholders
other than Caisse des Dépôts, listed above, hold, either
directly or indirectly, more than 5% of Schneider Electric’s
capital or voting rights.
Shareholders’ pact
Under the terms of the shareholders’ pact signed on
September 16, 1993 by Axa, AGF, Comipar, Compagnie
Financière de Paribas, Elf, Euris and Société Générale
(Société des Bourses Françaises notice no. 93-3184 dated
November 15, 1993), as amended on October 19, 1995
(Société des Bourses Françaises notice no. 95-3069 dated
October 27, 1995), the signatories of the pact gave each other
pre-emptive rights to acquire their respective shareholdings.
On October 16, 2001, the pact was tacitly renewed
for a further two-year period by three of the signatories, AGF,
Axa and BNP Paribas (Conseil des Marchés Financiers notice
no. 200C1432). The other signatories had either withdrawn
from the pact or sold their Schneider Electric SA shares.
The signatories withdrew from the pact in December 2002
(Conseil des Marchés Financiers notice no. 202C1644)
The Legrand founding families promised not to sell more than
one third of the Schneider Electric shares they received during
the public exchange offer for Legrand for a period of one year
from the date of delivery (August 9, 2001). This commitment
expired on August 9, 2002.
4 - Employee profit-sharing
and stock purchase plans
a. Profit-sharing plans
Profit-sharing and other profit-based incentive plans have been
in effect at Schneider Electric Industries SAS since 1994.
The amounts allocated over the past three years were as follows :
39.9 million in 2000 (profit-based incentive plan);
16.1 million in 2001 (profit-based incentive plan and profit sharing);
2.2 million in 2002 (profit-based incentive plan and profit
sharing).
General Presentation of Schneider Electric SA
18
3 - Ownership structure
Dec. 31, 2002 Dec. 31, 2001 Dec. 31, 2000
Interest Number Voting Number of Interest Voting Interest Voting
%of shares rights voting % rights % rights
%rights % %
Historical shareholders (1) 5.73 13,821,870 10.23 25,087,156 7.20 12.65 10.55 18.46
Caisse des Dépôts
et Consignations 3.99 9,609,467 5.21 12,784,467 3.92 5.06 6.28 5.88
Employees 3.11 7,500,924 5.85 14,353,006 3.00 5.68 4.51 7.57
Treasury stock (2) 0.89 2,150,352 – – 0.89 (3) –1.38 –
Intragroup cross
shareholdings 6.73 16,195,736 – – 3.94 – 5.00 –
Public 79.55 191,534,556 78.71 192,851,256 81.05 76.61 72.28 68.09
Total 100.00 240,812,905 100.00 245,075,885 100.00 100.00 100.00 100.00
(1) AGF, AXA, BNP Paribas, Société Générale.
(2) Primarily via Cofibel.
(3) Excluding treasury stock held by Legrand.