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All you need to know about free share attribution

Air Liquide regularly attributes free shares to all of its shareholders. The Annual General Meeting of May 7, 2014 approved the attribution, on June 2, 2014, of one free share for every 10 held shares. This year, the Group distributes free shares for the 28th time.

The opportunity to expand your portfolio

In addition to passing on nearly 50% of profits to shareholders, Air Liquide distributes a portion of its retained earnings in the form of free shares. These are free shares given out in proportion to the number of shares you already hold. Free shares receive the same rights as the shares held to receive them:

  • voting rights;
  • dividend rights;
  • loyalty bonus.

If you hold your registered shares for more than two full calendar years, the loyalty bonus gives you a 10% increase in the number of free shares you will receive*, i.e. one free share for 100 held shares.

How the attribution of free shares works in practice

On June 2, 2014, one free share is attributed for every 10 held shares. If the number of shares you hold is not a multiple of the attribution transaction, you will receive a cash payment for the portion of the free share that cannot be distributed. This is known as a “fractional right”. Please remember: fractional rights must be included in your sales total when paying capital gains tax. All fractional rights and capital gains are taxable from the first euro.

*For shares held for two full calendar years, subject to the conditions defined by Air Liquide’s articles of association.

It’s time to convert your shares to registered shares

Convert your shares to registered shares, it’s easy! Being a registered shareholder allows you to receive a loyalty bonus* of 10% on the total dividend value received and the number of free shares attributed, and gives you direct contact with Air Liquide.

From now on, you can convert your Air Liquide bearer shares to registered shares and take advantage of the loyalty bonus from 2017 onwards. Find out more information about direct and intermediary registered shareholding and download the conversion form from the Shareholders section of or from the iPad Shareholder App downloadable for free from the App Store.

*For shares held for two full calendar years, and subject to the conditions defined by Air Liquide’s articles of association.

2014 Annual General Meeting: a high-quality dialogue

Chaired by Benoît Potier, the Annual General Meeting was held on May 7 at the Palais des Congrès in Paris, and attended by the members of the Board of Directors. The shareholders who represented 50.45% of the voting rights, i.e. 138,219 present or duly represented, approved all of the submitted resolutions. More than 20,000 of them cast their votes or requested their admission cards on the Internet. In order to extend the dialogue with all the Group’s shareholders, Benoît Potier visited Aix-en-Provence and Nantes this year to present the Group’s results and future prospects.

  • Relive the Annual General Meeting of May 7: log in to access the delayed broadcasting of the Annual General Meeting.
  • Discover the Annual General Meeting behind the scenes: click here!
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