SCHNEIDER ELECTRIC (EPA:SU) - AVAILABILITY OF THE "OTHER INFORMATION" DOCUMENT OF SCHNEIDER ELECTRIC INDUSTRIES SAS AS PART OF THE SIMPLIFIED TENDER OFFER FOR THE SHARES OF THE COMPANY IGE+XAO

Transparency directive : regulatory news

10/11/2021 12:07

This press release does not constitute an offer to acquire securities

                     PRESS RELEASE DATED NOVEMBER 10, 2021

   RELATING TO THE AVAILABILITY OF INFORMATION RELATING IN PARTICULAR TO THE
     LEGAL, FINANCIAL AND ACCOUNTING CHARACTERISTICS OF SCHNEIDER ELECTRIC
                                INDUSTRIES SAS

     AS PART OF THE SIMPLIFIED TENDER OFFER FOR THE SHARES OF THE COMPANY
                                IGE + XAO GROUP

                INITIATED BY SCHNEIDER ELECTRIC INDUSTRIES SAS

                  SUBSIDIARY OF THE SCHNEIDER ELECTRIC GROUP

                           PRESENTED BY BNP PARIBAS

                         PRESENTING BANK AND GUARANTOR

              TERMS OF THE OFFER FOR THE SHARES OF I.G.E.+X.A.O.:

                        EUR260 per I.G.E.+X.A.O. share

                                 OFFER PERIOD:

                                10 trading days

The timetable of this offer (the "Offer") will be set out by the French
Autorité des marchés financiers (the "AMF") in accordance with its General
Regulation.

IMPORTANT NOTICE

In accordance with the provisions of Article L. 433-4 II of the French Monetary
and Financial Code and Articles 237-1 et seq. of the AMF General Regulation, in
the event that, upon completion of the Offer, the number of I.G.E.+X.A.O.
shares not tendered by the minority shareholders (with the exception of the
treasury shares held by I.G.E.+X.A.O.) does not represent more than 10% of the
share capital and voting rights of I.G.E.+X.A.O., Schneider Electric Industries
SAS intends to request the AMF to implement, within three (3) months following
the closing of the Offer, a squeeze-out procedure in order to have transferred
to Schneider Electric Industries SAS the I.G.E.+X.A.O. shares not tendered to
the Offer (other than the treasury shares held by I.G.E.+X.A.O.), in exchange
for a compensation per share equal to the Offer price, following adjustment as
the case may be.

This press release is prepared and distributed by Schneider Electric Industries
SAS (the "Offeror") in accordance with the provisions of Article 231-28 of the
AMF General Regulation.

In the context of the simplified tender offer initiated by Schneider Electric
Industries SAS for the shares of I.G.E.+X.A.O., and in accordance with Article
231-28 of the AMF General Regulation, information relating in particular to the
legal, financial and accounting characteristics of the Offeror (the ""Other
Information" Document") was filed with the AMF on November 10, 2021 and made
available to the public on the date hereof. The "Other Information" Document is
available on the websites of Schneider Electric (www.schneider-electric.com)
and of the AMF (www.amf- france.org) and may be obtained free of charge on
request from:

Schneider Electric Industries SAS
35 rue Joseph Monier
92500 Rueil-Malmaison

BNP Paribas
16 boulevard des Italiens
75009 Paris

Prior to the opening of the Offer, the AMF and Euronext Paris will respectively
publish a notice announcing the opening and the timetable of the Offer and a
notice announcing the terms and conditions of the Offer.

DISCLAIMER

This press release has been prepared for informational purposes only. It does
not constitute an offer to acquire securities. The distribution of this press
release, the Offer and acceptance of the Offer may be subject to specific
regulations or legal restrictions in certain jurisdictions. The Offer is not
directed to any person who is subject to such restrictions, either directly or
indirectly, and is not likely to be accepted from any country where the Offer
would be subject to such restrictions. This press release is not intended for
dissemination in such countries. Accordingly, persons coming into possession of
this press release must inform themselves of the applicable legal restrictions
and comply with them.

The Offeror will not be liable for the violation of applicable legal
restrictions by any person.

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SCHNEIDER ELECTRIC (EPA:SU) - AVAILABILITY OF THE &quot;OTHER INFORMATION&quot; DOCUMENT OF SCHNEIDER ELECTRIC INDUSTRIES SAS AS PART OF THE SIMPLIFIED TENDER OFFER FOR THE SHARES OF THE COMPANY IGE+XAO

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SCHNEIDER ELECTRIC (EPA:SU) - AVAILABILITY OF THE "OTHER INFORMATION" DOCUMENT OF SCHNEIDER ELECTRIC INDUSTRIES SAS AS PART OF THE SIMPLIFIED TENDER OFFER FOR THE SHARES OF THE COMPANY IGE+XAO