RUEIL-MALMAISON (dpa-AFX) - Schneider Electric SE (SBGSF.PK) announced the launch of a capital increase reserved for employees under the Group Employee Savings Plan. The offering is proposed to Group employees in thirty-three countries, including France, and covers around 90% of the employees of the Group.
The Group said the offering aims to reinforce the attachment of employees to the Group by giving them the opportunity to be more involved in the Group's developments and future performance.
The subscription-revocation period is expected to take place from May 28 to June 4, 2015. The payment and delivery of shares is expected on July 8, 2015. The admission of new Schneider Electric SE shares to trading on the Euronext Paris market will be effective, at the latest, on the day of the capital increase, i.e. July 8, 2015.
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