APC 2014 Annual Report Download - page 282

7INFORMATION ON THE COMPANY AND ITS CAPITAL
CAPITAL
Three-year summary of changes in capital
The following table shows changes in Schneider ElectricSE’s share capital and additional paid-in-capital since December31, 2011 through
share issues and the exercise of stock options:
Number of shares Cumulative number
Total capitalissued or cancelled of shares
Employee share issue 3,855,632
Exercise of stock options and performance shares issued 1,169,210
Capital at 12/31/2011(1) 548,943,024 EUR2,195,772,096
Employee share issue 3,521,812
Exercise of stock options and performance shares issued 2,952,178
Capital at 12/31/2012(2) 555,417,014 EUR2,221,668,056
Employee share issue 2,752,071
Exercise of stock options and performance shares issued 3,788,938
Capital at 12/31/2013(3) 561,958,023 EUR2,247,832,092
Employee share issue 3,717,865
Exercise of stock options and warrants, and performance 19,015,254
shares issued
CAPITAL AT 12/31/2014(4) 584,691,142 EUR2,338,764,568
Increase in share capital (EUR20.1million), increase in additional paid-in-capital (EUR194.7million).(1)
Increase in share capital (EUR25.9million), increase in additional paid-in-capital (EUR195.5million).(2)
Increase in share capital (EUR26.1million), increase in additional paid-in-capital (EUR208.5million).(3)
Increase in share capital (EUR90.9million), increase in additional paid-in-capital (EUR1,137.1million).(4)
Share buybacks
The General Meeting of April25, 2013 authorized the Company to market making under a liquidity agreement;
–
buy back shares. This authorization was renewed at the General maximum number of shares that may be acquired:
l
Meeting of May6, 2014.
10% of the issued share capital as of the date of the Annual
–
Shareholders' Meeting, representing, on the basis of the
Pursuant to these authorizations, the Company bought back
issued share capital at February27, 2015, a total of
5,989,578 of its own shares during the year.
58,479,552Schneider Electric SE shares with a nominal
Details of the share buyback program submitted for approval at the
value of EUR4,
General Meeting of April21, 2015 are as follows:
taking into account treasury stock and own shares at
–
number of shares and percentage of share capital held directly
lFebruary27, 2015 (13,297,672shares), the number of
and indirectly by Schneider ElectricSE (as of February27,
shares that could be bought back under the authorization is
2015):
45,181,880 or 7.7% of the capital as at February 27, 2015;
own shares: 13,296,614shares, or 2.17% of the share
–
maximum purchase price and maximum aggregate amount of
l
capital,
share purchases the fund may enter into:
treasury stock: 1,058shares,
–the maximum purchase price is set at EUR90 per share,
–
total: 13,297,672 shares, or 2.3% of the share capital;
–EUR5,262,220,260
–
overview of purposes for which shares have been held:
l
duration of the buyback program:
l
the 13,296,614 shares held in own shares are held for
–18months maximum, expiring on October20, 2016;
–
allocation on the exercise of stock options and performance
transactions carried out pursuant to the program authorized by
l
shares;
the General Meeting 2013 and renewed by the General Meeting
share buyback program objectives:
l
2014 between January1, 2014 and February27, 2015:
reduce the capital by cancelling shares,
–transactions carried out by the Company:
–
hold shares for allocation on the exercise of stock option
–number of shares acquired: 5,989,578,–
plans or performance shares plans or to permit the number of shares transferred since the beginning of–
conversion of convertible debt securities, theprogram: 634,093
maintenance and subsequent remission of existing shares in
–
exchange or in payment instead of a capital increase when
financing external growth,
280 2014 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC