APC 2005 Annual Report Download - page 94

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92
Earnings per share
(in euros)
Dec. 31, 2005 Dec. 31, 2004
Basic Diluted Basic Diluted
Profit before tax 6.68 6.66 5.54 5.53
Earnings per share 4.56 4.54 3.73 3.72
14.4 - Dividends
In 2005, the Group paid out the 2004 dividend of 1.80 per share, for a total of 395.4 million. At the Annual
Meeting of May 3, 2006, shareholders will be asked to approve a dividend of 2.25 per share for 2005.
At December 31, 2005, Schneider Electric SA had distributable reserves in an amount of 323 million (versus
169 million at the previous year-end), not including profit for the year.
14.5 - Share-based payment
14.5.1 - Current stock option plans
The Board of Directors of Schneider Electric SA has set up stock option plans for senior executives and certain
employees. The main features of these plans were as follows at December 31, 2005:
Plan Date Type (1) Exercisable Expiration Price Number Number of
no. of Board from date (in euros) of options options cancelled
Meeting granted because targets
were not met
14 01/28/98 P 01/28/01 01/27/05 50.77 1,208,000 164,300
15 12/22/98 P 12/22/01 12/21/05 50.86 60,000 13,300
16 04/01/99 P 04/01/02 03/31/07 50.73 1,259,300 245,900
17 04/01/99 P 04/01/02 03/31/07 50.73 2,123,100 1,078,600
18 03/24/00 P 03/24/03 03/23/08 65.88 1,421,200 686,600
19 04/04/01 S 04/04/05 04/03/09 68.80 1,557,850 NA (2)
20 12/12/01 S 12/12/05 12/11/09 51.76 1,600,000 166,800
21 02/05/03 S 01/05/07 02/04/11 45.65 2,000,000 -
22 02/05/03 S 06/05/03 02/04/11 45.65 111,000 NA (2)
23 05/06/04 S 10/01/04 05/05/12 56.09 107,000 NA (2)
24 05/06/04 S or P 06/05/08 05/05/12 56.09 2,060,700 -
25 05/12/05 S 10/01/05 05/11/13 57.02 138,500 NA (2)
26 06/28/05 S or P 06/28/09 06/27/13 60.78 2,003,800 -
27 12/01/05 S or P 12/01/09 11/30/13 72.10 1,614,900 -
Total 17,265,350 2,355,500
(1) S: Options to subscribe new shares. P: Options to purchase existing shares.
(2) Not applicable because exercise is not contingent on targets being met.
Rules governing the stock option plans are as follows:
To exercise the option, the grantee must be part of the Group at the exercise date. Exercise is also condition-
al on the achievement of performance criteria (see note 14.5.2).
The options expire after eight years.
The vesting period is three years in the United States and four years in the rest of the world.