APC 2007 Annual Report Download - page 64

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4. Employee profit-sharing, stock ownership,
stock option and stock grant plans
3. Ownership structure
Three-year summary of changes in capital
A total of 18,194,440, shares benefited from double voting rights at December 31, 2007.
Disclosure thresholds
To the best of the Company's knowledge, no shareholders
other than Caisse des Dépôts et Consignations and Cap-
ital Research & Management, listed above, hold, either di-
rectly or indirectly, more than 5% of Schneider Electric's
capital or voting rights.
Pledges on Schneider Electric shares
81,375 shares are pledged.
Pledges on subsidiaries' shares
Schneider Electric has not pledged any shares in signifi-
cant subsidiaries.
Dec. 31, 2007 Dec. 31, 2006 Dec. 31, 2005
Capital Number Voting Number of Capital Voting Capital Voting
% of shares rights % voting rights % rights % % rights %
Capital Research
& Management 5.40 13,246,418 5.03 13,246,418 -- --
CDC 4.37 10,707,725 5.27 13,882,725 4.42 5.36 4.44 5.30
Employees 3.32 8,150,371 5.07 13,355,873 3.09 5.22 3.35 5.67
Own shares (1) 0.93 2,276,857 - - 0.94 - 0.95 -
Treasury stock 1.66 4,068,200 - - 2.08 - 2.61 -
Public 84.33 206,855,351 82.23 216,663,733 89.47 86.65 88.65 85.79
Total 100.00 245,299,366 100.00(2) 263,493,806(2) 100.00 100.00 100.00 100.00
(1) Via Cofibel / Cofimines.
(2) Number of voting rights as defined in Article 223-1 of the AMF general regulations, which includes shares stripped of voting rights.
Share buybacks
The Annual Shareholders’ Meeting of May 3, 2006 author-
ized 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 average
unit price of 85.32.
The Annual Shareholders' Meeting of April 26, 2007 au-
thorized the Management Board to buy back shares on the
open market. Pursuant to this authorization, the broker in
charge of managing the liquidity contract purchased
3,242,553 shares at an average unit price of 96.41 and
sold 3,205,053 shares at an average unit price of 96.79
between April 27, 2007 and December 31, 2007.
Profit-sharing plans
Profit-sharing and other profit-based incentive plans have
been in effect at Schneider Electric Industries SAS and
Schneider Electric France SAS since 1994. The amounts
allocated over the past five years were as follows:
13 million in 2003 (profit-based incentive plan).
35.2 million in 2004 (profit-based incentive plan).
36.4 million in 2005 (profit-based incentive plan and
profit sharing).
45.1 million in 2006 (profit-based incentive plan and
profit sharing).
42 million in 2007 (profit-based incentive plan and profit
sharing).
The "Schneider Electric"
corporate mutual fund
Schneider Electric SA has long been committed to devel-
oping worldwide employee stock ownership. Employees
who are members of the Employee Stock Purchase Plan
have an opportunity to purchase new or existing Schneider
Electric SA shares through corporate mutual funds.
The last employee share issue took place in July 2007.
As of December 31, 2007, employees held a total of
8,132,332 Schneider Electric SA shares through the cor-
porate mutual funds or directly, representing 3.32% of the
capital and 5.07% of the voting rights, taking into account
double voting rights.
Stock option and stock grant plans
Grant policy
Stock option and stock grant plans are decided by the
Management Board with the authorization of the Supervi-
sory Board, following a review of the plans by the Remu-
nerations and Appointments & Corporate Governance
Committee.