Toulouse, 5 May 2022, IGE+XAO Group announces:
IGE+XAO announces that the annual general meetings of shareholders of IGE+XAO and Schneider Electric SE (compartment A, ISIN code FR0000121972) (“Schneider Electric”), held respectively on May 4 and May 5, 2022, have approved the merger of IGE+XAO into Schneider Electric, on the basis of an exchange ratio of 5 Schneider Electric shares for 3 IGE+XAO shares.
The merger leading to the dissolution without liquidation of IGE+XAO has taken effect today following the annual general meeting of Schneider Electric, it being specified that it has retroactive effect for accounting and tax purposes as from January 1, 2022.
The new Schneider Electric shares resulting from the merger will be admitted to trading on compartment A of Euronext Paris under ISIN code FR0000121972 on May 10, 2022, date on which the IGE+XAO shares will be delisted from Euronext Paris.
It is recalled that, in the event that IGE+XAO shareholders do not hold, as of today, the number of IGE+XAO shares necessary to obtain a whole number of Schneider Electric shares, pursuant to the exchange ratio of the merger, the financial intermediaries concerned will (i) sell on the Euronext Paris market the unallocated Schneider Electric shares corresponding to the fractional rights in accordance with the terms and conditions provided for in Articles L. 228-6-1 and R. 228-12 of the French Commercial Code and (ii) distribute the funds thus obtained among the holders of fractional rights in proportion to their rights, within a period of 30 days from May 12, 2022.