Schneider Electric Raises €6 Billion in Capital Increase to Partially Fund PTC Acquisition

By Reuters News

Oct 20 (Reuters) - PTC Inc. PTC.O:

  • ANNOUNCES SUCCESS OF ITS EUR 6.0 BILLION CAPITAL INCREASE, WITHOUT SHAREHOLDERS' PREFERENTIAL SUBSCRIPTION RIGHTS, TO PARTIALLY FINANCE ACQUISITION OF PTC INC

  • SUBSCRIPTION PRICE HAS BEEN SET AT €240 PER NEW SHARE

  • NET PROCEEDS FROM CAPITAL INCREASE TO BE USED TO PARTIALLY FINANCE PROPOSED ACQUISITION OF PTC INC

  • SETTLEMENT OF THE CAPITAL INCREASE IS EXPECTED TO TAKE PLACE ON 22 OCTOBER 2026

  • COMPLETION OF PTC ACQUISITION IS EXPECTED BY Q3 2027

  • NET PROCEEDS TO ALSO FINANCE DEBT ISSUES

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