June 2024 Free Shares attribution

Understanding Free Share attribution

Air Liquide attributes Free Shares to its Shareholders by capitalization of premiums, at a rate of one new share for ten existing shares.

When does it take place?

The attribution of Free Shares will take place on June 12, 2024.

Friday, June 7, 2024 will be the last day of execution of a buy order (stock market closing time) in order for your purchase to qualify for the Free Share attribution which will take place on the following Wednesday, June 12.

All Air Liquide Shareholders, whether they hold their shares directly with Air Liquide (in direct registered form) or with their bank (in intermediary registered or bearer form).

Air Liquide's loyalty bonus rewards Shareholder loyalty.

To benefit from this program, all you have to do is hold Air Liquide registered shares:

• either with a financial institution (intermediary registered shares) or directly with Air Liquide (direct registered shares), 
• for more than two full calendar years (from January 1 to December 31). 
• you are still the holder on the day the Free Shares are allocated.

If these conditions are met, the shares you hold are eligible for the loyalty bonus which are applied to them without any action on your part. In particular, you benefit from a +10% bonus on the number of Free Shares allocated at the time of their distribution.

As the attribution is based on a ratio of 1 Free Share for every 10 held, the calculation of the number of shares attributed often does not give a whole number. The value of the fraction of the share that cannot be distributed is called the "fractional share". You will receive the value of the fractional shares that cannot be distributed directly into your bank account.

Following the attribution, a balance of unallocated shares corresponding to the fractional shares remains. 

These shares are sold on the market by the account holders (Air Liquide for direct registered shares, or your financial institution for intermediary registered and bearer shares). The result of this sale will define the average unit selling price of the shares sold. It is based on this average unit selling price that the fractional shares will be paid out in June 2024 following the rules described below.

The value of fractional shares may differ from one financial institution to another.

The compensation for fractional shares must be included in the total of the sales and is taxed as a total capital gain. This amount will appear as part of your sales on the tax reporting form if you hold your shares directly with Air Liquide (in direct registered form), which you will receive in 2025 as part of your 2024 income.

Your benefits are preserved

The Free Shares have the same characteristics as the shares from which they are issued:

• Loyalty bonus
• Holding period
• Voting rights
• Dividend rights