from SCHNEIDER ELECTRIC (EPA:SU)
Schneider Electric announces the early repayment on November 15, 2024, of the sustainability-linked senior unsecured bonds convertible into new shares and/or exchangeable for existing shares (OCEANEs) due June 15, 2026
Financial Information
Schneider Electric announces the early repayment on November 15, 2024, of the sustainability-linked senior unsecured bonds convertible into new shares and/or exchangeable for existing shares (OCEANEs) due June 15, 2026 of Schneider Electric SE (ISIN FR0014000OG2) (the “OCEANE 2026”).
Rueil-Malmaison (France), November 13, 2024 - Schneider Electric (ISIN Code: FR0000121972) announces to Bondholders that outstanding OCEANE 2026 will be early repaid pursuant to section
1.10.1.3 of OCEANE 2026’s Terms and Conditions ( “T&Cs”).
Pursuant to section 1.10.1.3 of T&Cs, it is stated that the remaining outstanding OCEANE 2026 number (3,627) is less than 15% of the OCEANE 2026 initially issued (3,683,972). Schneider Electric thus decides to early repay the remaining outstanding OCEANE 2026.
The OCEANE 2026’s early repayment date will be December 13, 2024 ( "Early Repayment Date").
Pursuant to section 1.10.1.3 of T&Cs,, OCEANE 2026 will be repaid at par value, 176.44 € per OCEANE 2026.
Pursuant to section 2 .3 of T&Cs, OCEANE 2026’s Bondholders may exercise their
Conversion/Exchange Right at any time provided that the relevant Request Date (as defined in Condition 2.4 “Terms of exercise of Conversion/Exchange Right”) must fall the seventh (7th) Business Day prior to the early redemption date at the Conversion/Exchange Ratio in effect on the Exercise Date (the “Exercise Period”), meaning December 4, 2024 (excluding).
After this date, remaining OCEANE 2026 will be early repaid pursuant above conditions.
Bondholders are reminded that the centralizing agent, following its corporate restructuring and change of address, is currently Uptevia, Cœur Défense Tour A - 90-110 Esplanade du Général de Gaulle 92400 Courbevoie.
3,683,972 OCEANE 2026 were issued in 2020, with a nominal value of 176.44 € each. As of November 12, 2024, 3,680,345 OCEANE 2026 has been converted or repaid; thus, 3,627 OCEANE 2026 are remaining outstanding.
Investor Relations
Schneider Electric
Amit Bhalla Tel: +44 20 4557 1328 www.se.com ISIN : FR0000121972 Press Contact:
Schneider Electric
Anthime Caprioli
Tel: +33 6 45 63 68 35 Press Contact:
Primatice
Olivier Labesse
Hugues Schmitt Tel: +33 6 79 11 49 71
Important information
This press release does not constitute or form part of any offer or solicitation to purchase or subscribe for or to sell securities to any person in the United States, Australia, Japan, Canada or South Africa or in any jurisdiction to whom or in which such offer is unlawful, and the Offering of the Bonds is an offer to the public in any jurisdiction including France, other than to qualified investors within the meaning of the Prospectus Regulation, or an offer to retail investors as such term is defined below. Note: The English version of this press release may differ from the French version for regulatory reasons
About Schneider Electric Schneider’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On. Our mission is to be the trusted partner in Sustainability and Efficiency. We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers. We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all. www.se.com
Disclaimer
No communication or information relating to the offering of the Bonds or the Repurchase may be distributed to the public in a country where a registration or approval is required. No action has been or will be taken in any country in which such registration or approval would be required. The issuance by the Company or the subscription of the Bonds may be subject to legal and regulatory restrictions in certain jurisdictions; neither the Company, the managers, nor the dealer managers assume any liability in connection with the breach by any person of such restrictions.
|
Financial Information
Follow us on: 
Investor Relations
Schneider Electric
Amit Bhalla Tel: +44 20 4557 1328 www.se.com ISIN : FR0000121972 Press Contact:
Schneider Electric
Anthime Caprioli
Tel: +33 6 45 63 68 35 Press Contact:
Primatice
Olivier Labesse
Hugues Schmitt Tel: +33 6 79 11 49 71