Schneider Electric Executes Weekly Share Buyback

Schneider Electric has recently completed a share buyback operation. The initiative was authorized during the Annual General Meeting on May 23, 2024, which approved the repurchase of shares under Article L. 22-10-62 of the French Commercial Code and European Regulation (EU) no. 596/2014.

Between November 18 and 22, 2024, Schneider Electric bought back 185,686 of its own shares. This volume represents approximately 0.03% of the company's share capital as of December 31, 2023. The total amount spent on this buyback was €44,258,518. The repurchased shares aim to fulfill obligations related to a long-term incentive plan for employees and corporate officers.

Further details on these transactions can be accessed on Schneider Electric's investor relations website.