Schneider Electric Accelerates Share Buyback Program | Automation.com

Schneider Electric Accelerates Share Buyback Program

September 012004
Rueil Malmaison, September 1st, 2004 - After buying back 1.8 million of its own shares in first-half 2004, Schneider Electric SA has purchased an additional 2.4 million shares of Company stock since July 29th, 2004.

These buybacks, which were carried out under the authorizations given by the Annual Shareholders' Meeting, are designed to adjust the Company's shareholders' equity.

Schneider Electric:
Giving the best of the New Electric World to everyone, everywhere, at any time

Schneider Electric is the world's power and control specialist. Through its world-class brands, Merlin Gerin, Square D and Telemecanique, Schneider Electric manufactures and markets a comprehensive range of products and services for the residential, buildings, industry, and energy and infrastructure markets. Schneider Electric has 83,000 employees worldwide, operations in 130 countries and recorded sales of €8.8 billion in 2003 through 13,000 sales outlets.

www.schneider-electric.com/
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