Choosing between direct registered, intermediary registered or bearer shares is a personal decision.
Let us present you the features and advantages of these shareholding options.
To obtain the advantages of registered shares while keeping the management of your portfolio with your financial intermediary, your securities account or your PEA, you can opt for intermediary registered shares.
You benefit from:
By opting for direct registered shares:
You also receive customized services:
80,000 Air Liquide shareholders have chosen direct registered shares! How about you?
Shares that have been held in registered form during the current year and which will entitle you to a loyalty bonus if held for more than two full calendar years. Bearer shares are also listed under this value code.
Shares registered in 2012.
Loyalty bonus in 2015
Registered shares that already qualify for the loyalty bonus.
Shares registered in 2011.
Loyalty bonus in 2014
|Permanent value codes||Intermediate value codes|
If you hold bearer shares you wish to convert to registered shares, please fill in one of the following conversion forms and return it to your bank.
Converting to registered shares is not a sale, so there are no tax consequences. Tax treatment of registered shares and bearer shares is identical.
|My shares are held by Air liquide||✔|
|I do not pay any handling fees||Varies by financial establishment||✔|
|I do not pay any management fees||✔|
|I place my stock orders with Air liquide directly||✔|
|My IFU (Imprimé fiscal unique) is sent by Air liquide||✔|
|I qualify for the loyalty bonus(a)||✔||✔|
|I receive information from Air liquide directly||✔||✔|
|I am invited to the Annual General Meeting directly by Air liquide||✔||✔|
|I receive dividends||✔||✔||✔|
|I receive free shares||✔||✔||✔|
|I am invited to the Annual General Meeting once I hold one share||✔||✔||✔|
|I can hold my shares in a PEA||✔||✔|
|My shares are held by my financial intermediary||✔||✔|
|My IFU (Imprimé fiscal unique) is sent by my financial intermediary||✔||✔|
|Form of ownership||Shares||Intermediary registered shares||Direct registered shares|
(a) For shares held for two full calendar years and subject to the conditions defined by Air liquide’s articles of association