The Combined Shareholders’ Meeting of Air Liquide, chaired by Benoît Potier, Chairman and Chief Executive Officer of the Company, in the presence of the members of the Board of Directors, was attended by 4,934 people on Wednesday, May 9, at the Palais des Congrès in Paris. The 139,830 shareholders, present or represented, equivalent to 53.15% of the voting rights, approved all of the proposed resolutions.
The proposed dividend, with an ex date of May 11 and payment date of May 16, was approved: it is fixed at €2.50 per share, up +6.4%. Shares held in registered form continually since December 31, 2009 until May 16, 2012, the payment date of the dividend, will be granted a 10% bonus dividend of €0.25 per share. In addition, the allocation of one free share for 10 existing shares will take place on May 31, 2012.
The Meeting renewed the terms of office of Ms. Karen Katen, and appointed Pierre Dufour, Senior Executive Vice-President of the Air Liquide Group, as director, each for a period of four years. The Board of Directors is currently comprised of 12 members, including 3 women, and 5 nationalities. Nine of its members are independent.
At the meeting held following the Combined Shareholders’ Meeting, the Board of Directors appointed Thierry Peugeot to the Audit and Accounts Committee, Karen Katen to the Appointments and Governance Committee, and Jean-Paul Agon to the Remuneration Committee.
Commenting on the 2011 financial year and the outlook for growth of the Group, Benoît Potier, Chairman and CEO, stated:
“The year 2011 highlighted the two fundamental characteristics of the Group: its resilience and its continuous development potential. These two fundamental elements allow us to rapidly adapt to the profound change currently being experienced by both the advanced and the developing economies and which will continue in the years to come.
“Rigorous management and entrepreneurial spirit are the two pillars upon which we have always built and will continue to build. As a result, while developing the long-term commitment of our employees, strengthening the know how of the company for the benefit of the customer and maintaining a stable capital base, Air Liquide can look forward to maintaining its steady growth.”