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Shareholding options

Are you having difficulty choosing between direct registered shares, intermediary registered shares or bearer shares? 

Our dedicated Factsheet presents an overview of the characteristics and advantages of each of the three shareholding options.

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If you purchased your shares directly from Air Liquide, your shares are direct registered shares and Air Liquide is your account manager.

If you purchased your shares from your financial institution, your securities are bearer shares by default or intermediary registered shares if you completed the necessary formalities with your bank.
Our dedicated factsheet presents an overview of the characteristics and advantages of each of the three shareholding options.

Note that each time you buy further shares from your financial institution, your new securities are held in bearer form. It is your responsibility to initiate the necessary formalities to convert your bearer shares to intermediary registered shares in order to benefit from the loyalty bonus after two full calendar years. You can download the conversion request form here or complete an online version if your bank offers this service.

If you are an intermediary registered Shareholder or a bearer Shareholder, your financial institution remains your point of contact.

Factsheet

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PDF 205.01 KB

 Form

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PDF 582.65 KB

Your Air Liquide shares are divided into four "value codes" (or ISIN codes) that you can use to check your eligibility for the loyalty bonus. If you hold direct registered shares, these codes can be found on your account documents accessible in your Shareholder Portal .

For further information please read our dedicated Factsheet.

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PDF 205.01 KB

Shares held in a share savings plan are bearer shares by default. If you would like to benefit from the advantages of registered shares, ask your financial institution to convert your shares to intermediary registered shares using this form or complete an online version if your bank offers this service.

To benefit from the loyalty bonus as of 2026, your securities must be converted before December 31, 2023. This allows you to maintain the tax benefits of a share savings plan and also benefit from Air Liquide's loyalty bonus.

Please note that as Air Liquide does not have financial institution status, it cannot offer cash accounts. It is therefore not possible to open or transfer a direct registered share savings plan to Air Liquide.

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PDF 582.65 KB

If you are a bearer Shareholder and would like to benefit from the advantages of registered shares, ask your financial institution to convert your shares to intermediary registered shares using this form or complete an online version if your bank offers this service. To benefit from the loyalty bonus as of 2026, your securities must be converted before December 31, 2023.

Please consult your financial institution regarding any conversion fees that may apply.

Download
PDF 582.65 KB

If you are a bearer Shareholder or intermediary registered Shareholder (excluding share savings plans), you may transfer your shares held in your financial institution to a direct registered form. Air Liquide then becomes your account manager. To do so, send this form to your bank.

Please consult your financial institution regarding any transfer fees that may apply.

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PDF 217.65 KB

Contact us

Call us

0 800 166 179
(for free calls from a landline in France)
For international calls, dial
+33 1 57 05 02 26

Monday to Friday
From 9:00 am to 5:30 pm (Paris time)

Write to us

Send us your request:

By mail:

Air Liquide
Shareholder Services Department
TSA 91948
62978 Arras Cedex 9

Visit us

Shareholder Lounge
75, quai d'Orsay 75007 Paris

Book an appointment in Paris with a Shareholder advisor

To better serve you on site, we ask you to book a time slot for your visit (in French only):