APC 2006 Annual Report Download - page 61

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Three-year summary of changes in capital
Changes in share capital and additional paid-in capital since December 31, 2003 as a result of the exercise of
stock options, shares issued to the Employee Stock Purchase Plan and the December 9, 2004 share cancella-
tions were as follows:
Share buybacks
The Annual Shareholders’ Meeting of May 12, 2005 authorized the Board of Directors to buy back shares on the
open market. No shares were bought back under this authorization in 2006.
The Annual Shareholders’ Meeting of May 3, 2006 authorized the Management Board to buy back shares on the
open market. Pursuant to this authorization, the Company set up a liquidity contract with a broker, under which
the broker purchased 2,292,219 shares at an average unit price of 85.29 and sold 2,172,219 shares at an aver-
age unit price of 85.32.
Disclosure thresholds
To the best of the Company's knowledge, no share-
holders other than Caisse des Dépôts et Consigna-
tions, listed above, hold, either directly or indirectly,
more than 5% of Schneider Electric's capital or voting
rights.
Pledges on Schneider Electric shares
To the best of the Company's knowledge, shares
pledged by shareholders represent 0.0044% of the
issued capital.
Pledges on subsidiaries' shares
Schneider Electric has not pledged any shares in sig-
nificant subsidiaries.
Number of shares New number New share
issued or cancelled of shares capital
Capital at December 31, 2003 231,842,170 1,854,737,360
Share cancellation (7,000,000)
Exercise of stock options 646,160
Shares issued to the ESPP
(2004 worldwide plan) 705,847
Capital at December 31, 2004 (1) 226,194,177 1,809,553,416
Exercise of stock options 425,050
Capital at December 31, 2005 (2) 226,619,227 1,812,953,816
Exercise of stock options 1,079,121
Capital at December 31, 2006 (3) 227,698,348 1,821,586,784
(1) €45.18 million reduction in share capital, €240.90 million reduction in additional paid-in-capital.
(2) €3.40 million increase in share capital, €19.04 million increase in additional paid-in-capital.
(3) €8.63 million increase in share capital, €52.06 million increase in additional paid-in-capital.
3. Ownership structure
Three-year summary of changes in ownership structure
December 31, 2006 December 31, 2005 Dec. 31, 2004
Capital Number Voting Number Capital Voting Capital Voting
% of shares rights of voting % rights % rights
% rights % %
CDC 4.42 10,062,852 5.36 13,237,852 4.44 5.30 4.45 5.24
Employees 3.09 7,028,765 5.22 12,911,628 3.35 5.67 3.76 6.04
Own shares (1) 0.94 2,150,352 - - 0.95 - 0.95 -
Treasury stock 2.08 4,725,771 - - 2.61 - 2.25 -
Public 89.47 203,730,608 86.65 214,165,045 88.65 85.79 88.59 85.86
Total 100.00 227,698,348 100.00(2) 247,190,648 (2) 100.00 100.00(2) 100.00 100.00(2)
(1) Via Cofibel / Cofimines.
(2) Number of voting rights resulting from section 222 12-5 of the Regulation of the French Autorité des Marchés Financiers,
which includes shares stripped of voting rights.
As of December 31, 2006, 25,401,339 shares benefited from double voting rights.
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