SCHNEIDER ELECTRIC (EPA:SU) - Schneider Electric successful with voluntary takeover offer for RIB Software exceeding minimum acceptance threshold

Transparency directive : regulatory news

28/04/2020 08:29

Financial Information

SCHNEIDER ELECTRIC SUCCESSFUL WITH VOLUNTARY TAKEOVER OFFER FOR RIB SOFTWARE
EXCEEDING MINIMUM ACCEPTANCE THRESHOLD

* 76.63% of the total share capital and voting rights in RIB have been
  tendered into the offer at the end of the initial acceptance period or
  acquired outside the offer
* Additional two-week acceptance period to commence today and end at midnight
  (CET) on 11 May 2020
* High acceptance rate could have implications on the listing of RIB going
  forward

Rueil-Malmaison (France), April 28, 2020 - Schneider Electric, the global
leader in digital transformation of energy management and automation, today
announced the initial results for its voluntary public takeover offer for all
outstanding shares (ISIN: DE000A0Z2XN6) of RIB Software SE ("RIB"). The initial
acceptance period expired at midnight (CET) on 22 April 2020.

During the initial acceptance period, the takeover offer has been accepted for
34,586,737 RIB shares. This represents approximately 66.64% of the total share
capital and voting rights of RIB (including 15.79% secured through irrevocable
undertakings at the time of the publication of the offer document). In
addition, on 25 March 2020, Schneider Electric acquired 9.99% in RIB outside
the takeover offer. Schneider Electric has thereby concluded the initial offer
period with a stake of approximately 76.63% of the total share capital and
voting rights of RIB. The minimum acceptance threshold of 50% plus 1 share has
thus been exceeded.

According to the German Securities Acquisition and Takeover Act (WpÜG),
shareholders of RIB who have not tendered their shares can still accept the
offer by tendering their shares within the additional acceptance period, which
will commence today and expire at midnight (CET) on 11 May 2020. Schneider
Electric will disclose the final number of shares tendered without undue delay
following the expiry of the additional acceptance period.

Following completion of the offer and without affecting the independence of
RIB, RIB and Schneider Electric may consider initiating a full delisting of the
RIB shares from the regulated market of the Frankfurt Stock Exchange. In
addition, Schneider Electric would like to reiterate that - irrespective of the
current tender result - it has no intention to enter into a domination and/or
profit and loss transfer agreement with RIB.

All regulatory approvals by antitrust authorities have been obtained. The
completion of the offer remains only subject to the clearance by the Committee
on Foreign Investment in the United States (CFIUS). The completion of the offer
is currently expected to take place toward the end of the second quarter of
2020.

The offer document and further information are available at the offer website
at www.se-offer.com.

About Schneider Electric

At Schneider, we believe access to energy and digital is a basic human right.
We empower all to make the most of their energy and resources, ensuring Life Is
On everywhere, for everyone, at every moment.

We provide energy and automation digital solutions for efficiency and
sustainability. We combine world-leading energy technologies, real-time
automation, software and services into integrated solutions for Homes,
Buildings, Data Centers, Infrastructure and Industries.

We are committed to unleash the infinite possibilities of an open, global,
innovative community that is passionate about our Meaningful Purpose, Inclusive
and Empowered values.

www.schneider-electric.com

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Investor Relations
Schneider Electric
Amit Bhalla
Tel: +44 20 7592 8216
www.se.com
ISIN : FR0000121972

Media Relations
Schneider Electric
Véronique (Luneau) Roquet-Montegon
Tel: +33 1 41 29 70 76
veronique.roquet-montegon@se.com

Media Relations
Hering Schuppener
Regina Frauen
Tel: +49 69 92 18 74 84
rfrauen@heringschuppener.com

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SCHNEIDER ELECTRIC (EPA:SU) - Schneider Electric successful with voluntary takeover offer for RIB Software exceeding minimum acceptance threshold

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