I enjoy my benefits
We include all Air Liquide Shareholders in our growth. This is why dividends are paid yearly and represent approximatively 55% of net profit. In addition, Free share attributions regularly occur for all Shareholders, whether they are with Air Liquide directly (direct registered) or with their financial institution (bearer or intermediary registered).
Your loyalty, rewarded
We reward the trust that our registered Shareholders give us, whether they are direct registered (directly with Air Liquide) or intermediary registered (with their financial institution). By holding registered shares for at least two full calendar years, you will receive a loyalty bonus: more dividends paid and more free shares attributed.
Holding registered shares for 2 full calendar years
+10% on the dividend amount
+10% of free shares
The amount is submitted for Shareholder approval at the General Meeting.
At the Annual General Meeting on May 3, 2023, the payment of a dividend of 2.95 euros per share will be proposed to Shareholders for the fiscal year 2022. Following the free share attribution of 1 for 10 in June 2022, the proposed dividend shows a strong growth of +12.2% compared with the previous year. The ex-dividend date is scheduled for May 15, 2023 and the payment is scheduled for May 17, 2023.
If you are a direct registered Shareholder, the dividend minus any withholdings will be paid directly into your bank account by Air Liquide.
f you are an intermediary registered or bearer Shareholder, we will pay the gross dividend to your financial institution, which will then credit your account with the dividend minus any withholdings.
Advance withholding exemptions
When you receive dividends, there is a 30% withholding: 17.2% is withheld for social contributions, while 12.8% is an advance tax withholding.
If your reference taxable income is less than €50,000 for an individual or less than €75,000 for joint filing, you can request an exemption from the advance withholding.
You should send your account manager a sworn statement between September 1 and November 30 every year.
For Shareholders whose shares are directly held with Air Liquide as direct registered shares, you can request this exemption from your Shareholder Portal and obtain confirmation that your request was received.
Your loyalty bonus
How to receive it
It couldn’t be easier! In fact, you do not have to do anything if you:
- Hold direct registered shares (directly with Air Liquide) or intermediary registered shares (with a financial institution that you have asked to convert your shares into intermediary registered shares)
- Have held your shares for more than two full calendar years
- Still hold them when dividends are paid and free shares are attributed
As a result, if you purchase direct registered shares (directly from Air Liquide) in 2023 or if you request your bearer shares to be converted into intermediary registered shares (from your financial institution) before December 31, 2023, you will begin receiving your loyalty bonus from 2026.
Attributed free shares have the same benefits as the shares they are derived from, including seniority, voting rights, dividends, and loyalty bonus. In the case of a gift or hand-to-hand gifts to a spouse or relative entitled to inherit, or in case of an inheritance, the loyalty bonus (including seniority) is retained.
Ask your financial institution to convert your shares to intermediary registered shares before December 31, 2023
Hold onto your shares for two full calendar years
Receive your first loyalty bonus in 2026 for your intermediary registered shares and continue receiving it every year as long as you keep your intermediary registered shares
Your free shares
Our free share attribution lets you grow your portfolio. This occurs regularly at Air Liquide, with ten attributions over the past 20 years. The next free share attribution on the basis of one free share for every 10 shares held, as well as the application of a loyalty bonus took place in June 2022.
of free shares for registered Shareholders.
We distribute approximately 55% of our net profit to our Shareholders: this is part of Air Liquide’s shareholder policy. The Group regularly distributes free shares, which lets you not only grow your share holdings, but also your future dividends. Moreover, if you hold registered shares for more than two full calendar years, the loyalty bonus entitles you to +10% more free shares (subject to the conditions defined by Air Liquide’s articles of association).
Let’s take for example the 2022 distribution of free shares: if you had acquired 100 registered shares before January 1, 2020, you received 11 free shares, one of which was thanks to the loyalty bonus.
Free shares have the same benefits as the shares they are derived from:
- loyalty bonus
- voting rights
- dividend rights
What happens if the number of shares you hold is not a multiple of the attribution transaction?
If the number of shares you hold is not an attribution transaction multiple, you will receive payment for the portion of the share that could not be distributed directly in your bank account. This is called a “fractional right.”
fractional rights are calculated in the total sales for capital gains tax, with the amount received being taxable from the first euro.
You hold 307 shares in your portfolio.
As a result, you receive 30 free shares (1 free share for every 10 shares held) and 0.7 fractional rights, which are “ordinary” fractional rights.
Of these 307 shares, 205 are eligible for the loyalty bonus.
As such, you receive two additional free shares (one free share for every 100 shares held) and 0.05 fractional rights, which are “loyalty” fractional rights due from the loyalty bonus. The two types of fractional rights are not fungible.
The result? After the distribution of free shares, you now hold 339 shares.
0.7 “ordinary” and 0.05 “loyalty” fractional rights will be paid to you by Air Liquide.
Free share attribution occurs on an account-by-account basis. As such, if you hold securities in an ordinary securities account and in a share savings plan, the fractional rights are not fungible.
Free share attribution also occurs on a type-by-type basis. There is no fungibility of fractional rights for intermediary registered shares and bearer shares. If you purchased bearer shares, you can ask your account manager to convert them to registered in order to benefit from the loyalty bonus after you have held them for two full calendar years.
Why choose direct registered shares?
We have established a privileged relationship with our direct registered Shareholders. This translates into a number of benefits.
Benefits of Direct Registration
With Air Liquide, it is completely free and you can open it online in just a few minutes. You are now ready to make direct transactions with Air Liquide.
Handling and management fees for your shares.
They are available to you free of charge.
Among the lowest on the market: 0.1% (excl. tax) for online transactions through your Shareholder Portal and 0.18% (excl. tax) for transactions over the phone or by other means. These rates are applicable with no minimum purchase and are valid from your very first share purchase.
After holding your shares for two full calendar years, the amount of dividends you receive and the number of free shares attributed to you increases by +10%. This bonus is also valid for intermediary registered shares.
Our Shareholder Services’ Expertise
Shareholder Services is here to help you with all aspects of share management: opening and managing your account, placing stock market orders, understanding tax conditions, and passing on your securities.
24/7 Access to your online Shareholder Portal
An e-portal for your transactions that lets you directly manage your portfolio with freedom.
Why choose intermediary registered shares?
Intermediary registered shares let you stay with your financial institution and receive the loyalty bonus for shares you have held for more than two full calendar years. This type of shareholding notably lets you keep your Air Liquide securities in your share savings plan, all while maintaining your eligibility for the loyalty bonus.
You must ask your financial institution to convert your shares to intermediary registered shares, otherwise, your shares remain bearer shares and are not eligible for the loyalty bonus. Your financial institution may charge you finance fees for this conversion.
You can download our form for conversion to intermediary registered shares by clicking on the link below:
Stay in touch with your Group!
Want to stay up-to-date with Air Liquide’s news? Subscribe to our digital communications.
As a subscriber, you can:
- Stay informed about the Group’s news, learn about the quarterly results and receive our monthly newsletter
- Be invited to events like Air Liquide meetings with Shareholders and other share ownership events
- Take part in our contests, like the Night Fountains Shows at Versailles
There are two ways to subscribe:
- For registered Shareholders, subscribe via the Shareholder Portal
- For bearer Shareholders, click on the link below
With its 35 years of experience, the Shareholders' Communication Committee (SCC) aims to establish regular exchanges between the 12 members representing Shareholders, the Group's Chairman and the Air Liquide teams in charge of Shareholders. What are the Committee's missions? How can you become a member?
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