Advantages of holding registered shares  [ Return towards  Registered shares  ]

You can benefit from the advantages of holding registered shares

• Personalized access to information: you receive shareholder information and the Notice of the General Shareholders' Meeting directly from Air Liquide,
• easier access to the General Shareholders' Meeting: admission card sent to you directly,
• entitlement to a loyalty bonus for all shares registered by December 31 of any given year and held continuously in registered form for over two calendar years: 10% bonus dividend and increased bonus share allocation.

Additional advantages of direct registered shares

• No handling or management fees on standard transactions,
• online placement of buy/sell orders, via Shareholder Services,
• Shareholder Services helpline for all standard transactions,
• updated account statements issued following each transaction, 
• direct dividend payment,
• online access to direct registered share accounts.

Tax
Registered shares are treated in the same way as non-registered shares for tax purposes.
In the case of direct registered shares, Air Liquide sends out an individual tax form at the beginning of every year. The form details dividend payments and the gross value of shares sold during the year. Air Liquide is subject to the same rules of disclosure to the tax authorities as are other financial intermediaries.
If you sold shares in the previous year, you may have to calculate the capital gain or loss. Shareholder Services can help you calculate the average price of direct registered shares, depending on the available information.

Stock Savings Plan (PEA)
Since Air Liquide is not allowed to hold Stock Savings Plan accounts, we strongly advise against including direct registered shares in such plans.
Regulations are extremely complicated.
To buy and sell intermediary registered or bearer shares, contact your financial intermediary. For direct registered shares, place your orders online or contact Shareholder Services.

Inheritance and gifts
Beneficiaries or assignees with a family or other relevant relationship to the donor or the deceased inherit the right to the bonus dividend and free bonus share allocations to which the donor or deceased was entitled.
The shares must continue to be held in registered form.