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 3,632 people on Tuesday May 7, 2013 at the Palais des Congrès in Paris. The 139,311 shareholders, physically present or duly represented, ie 52.35% of the voting rights, approved all of the resolutions that were presented.
The proposed dividend, with an ex-date of May 16 and payment date of May 22, was approved: it has been set at €2.50 per share, an increase of +10.3%, taking into account the attribution of one free share for every 10 existing shares in 2012. Shares held in registered form continually since December 31, 2010 until May 22, 2013, the payment date of the dividend, will be granted an increase in the dividend of €0.25 per share, a bonus of 10%.
The Shareholders approved the renewal as directors of Mr. Thierry Desmarest and Mr. Thierry Peugeot, each for a term of 4 years. The Board duly noted that Alain Joly’s current term of office was expiring. A member of the Board since 1982, Mr. Joly served as Chairman and CEO of the Company from 1995 to 2001, and then served as Chairman of the Supervisory Board until 2006. Alain Joly was warmly thanked for his commitment and service to the Group and for his substantial contribution to Air Liquide’s development for more than 50 years.
The Board of Directors is now composed of 11 members, including 3 women, and 5 different nationalities. Nine of its members are independent.
At the meeting held following the Combined Shareholders’ Meeting, the Board of Directors reappointed Thierry Peugeot to the Audit and Accounts Committee, reappointed Thierry Desmarest to serve as Chairman of the Appointments and Governance Committee and as a member of the Remuneration Committee, and appointed Siân Herbert-Jones as a member of the Audit and Accounts Committee.
Commenting on the 2012 financial year and the outlook for growth, Benoît Potier, Chairman and CEO, stated:
“To seize new development opportunities, the Group pursues a strategy of profitable growth over the long term, supported by targeted investments and articulated around two pillars: competitiveness and innovation.
Thanks to the motivation of our employees, the trust of our customers and the loyalty of our shareholders, all the ingredients are there to ensure that Air Liquide, which this year celebrates its 100 years on the Paris Stock Exchange, continues to have a bright future.”