2010Annual Report - Schneider Electric CZ, s.r.o.

8 ANNUAL AND EXTRAORDINARY SHAREHOLDERS’ MEETING
MANAGEMENT BOARD’S REPORT TO THE ANNUAL AND EXTRAORDINARY SHAREHOLDERS’ MEETING
268
Authorisation given to the Management Board
to cancel, where applicable, company shares
purchased in accordance with the conditions
determined by the Shareholders’ Meeting, up
to a maximum of 10% of capital
- twenty-fourth resolution -
We ask you to give the Management Board full powers to cancel
shares representing up to 10% of the Company’s capital within the
next 24 months, in order to reduce the dilutive impact of the share
issues carried out recently or to be carried out, notably upon exercise
of stock options or employee share issues.
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
We have not used the authorisation given by the Shareholders’
Meeting of April 23, 2009, which expires on April 22, 2011.
Lastly, the twenty-fi fth resolution concerns powers to carry out
formalities.