Being an intermediary registered shares owner [ Return towards Being a shareholder ]

If you would like to enjoy the advantages of registered shares, but want your bank to continue managing your portfolio, intermediary registered shares are a perfect solution.

Intermediary registered shares are an ideal solution

You benefit from the loyalty bonus once you have held registered shares for two years, thus increasing both your dividends and your bonus shares allocations by 10%. By opting for intermediary registered shares, you don’t have to change your routines. You keep the same securities account or the same PEA (the French stock savings plan). Your financial intermediary or broker remains your main contact for all of your routine portfolio transactions.

This form of shareholding enables use to get to know you and directly communicate useful shareholder information. You are therefore regularly informed of news on the Group, its results, and prospects for growth. You will automatically receive your invitation to the Annual General Meeting.

You can then contact Shareholder Services directly by calling our hotline:
+33(0)1 57 05 02 26, or +33(0) 800 166 179 (toll-free from a landline in France), or by email

Enjoying the advantages of intermediary registered shares is simple

More about how to become an intermediary registered shares owner

With intermediary registered shares, you can keep your Air Liquide shares in your PEA (Plan d’épargne en actions, the French stock savings plan)

You can convert Air Liquide stocks included in your PEA into intermediary registered shares. You can continue to place purchase orders with your usual financial intermediary. Just don’t forget to submit an intermediary registered share transfer request each time you buy shares! That way, you can benefit from both the tax advantages of your PEA and those that come with being a registered Air Liquide shareholder.

No tax implications

Converting to registered shares is not a transfer of assets and therefore does not have any tax consequences.
The taxation guidelines for registered shares are the same as for bearer shares.

The loyalty bonus also applies to gifts and inheritance

If the shares are maintained in registered form, the beneficiaries or assignees with a family relationship to the gift giver or deceased person usually retain the rights to the increased dividends and increased bonus share allocations. Feel free to ask our Advisors for more information.

locate Air Liquide shares on its account statement