At its meeting on July 29, 2016, the Board of Directors of L’Air Liquide decided on a specific grant of performance shares, separate from the future general annual plans for 2016 and intended to show the Company’s recognition for the work carried out by all of the teams that contributed to the Airgas acquisition.
|Volume of performance shares||IFRS value in EUR1||% of share capital|
In total, it awarded 75,230 performance shares representing 0.022% of the share capital in terms of the number of shares to 89 beneficiaries.
|Of which 50%||Of which 50%|
|Performance conditions||Average of annual growth rates in recurring earnings per share excluding foreign exchange impact and exceptional items for the period 2016/2017/2018||Total Shareholder Return, defined as the average annual growth rate of an investment in Air Liquide shares over the 3 financial years||Total Shareholder Return vs. 2 benchmarks as follows:
½ CAC 40 – ½ peers over the 3 financial years
|Objective||Level of growth set within a range of +6% to +10% per annum (the precise level will be communicated ex post)||Total shareholder return of 8%, as already published||
0% if the Air Liquide rate of return is lower than the average of the two indexes
50% if the Air Liquide rate of return is equal to the average of the two indexes
100% if the Air Liquide rate of return is more than 3% higher than the average of the two indexes
Change on a straight-line basis
|Achievement of performance conditions||This information will be published in 2019|