Air Liquide regularly allocates free shares to its shareholders in order to contribute to the growth of their portfolios. This bonus is a sign of trust in the future of the Group’s stock. In 2012, the Group will conduct its 26th free share attribution.
In 2012, the Combined Shareholders’ Meeting will vote on a proposal to give one bonus share for every 10 shares held(1).
The free shares are allocated in proportion to the number of Air Liquide shares already held. Free shares have the same voting rights, dividend and loyalty bonus as the shares from which they are issued.
If you have held your shares for at least two full calendar years, the loyalty bonus gives you a 10% increase in your free share attribution.
If the number of shares you hold is not a multiple of the attribution, the part of the share that cannot be distributed, called a “fractional right”, will be paid out in cash.
For example, if you hold 82 Air Liquide shares in 2012, a year when one free share is attributed for every 10 shares held, you receive 8 new shares and two fractional rights, paid in euros.
Please remember: fractional rights must be included in calculating capital gains tax, starting with the first euro earned.
(1) Subject to the decision at the Combined Shareholders’ Meeting on the distribution of dividends and bonus shares.