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Shareholding options

Which should you opt for: direct registered, intermediary registered or bearer shares?

Which should you opt for: direct registered, intermediary registered or bearer shares? The choice is yours. So it is important to have a clear understanding of the features and benefits specific to each of these different shareholding options. Shareholder Services offers you clarifications and explanations about the three shareholding options.

Being a direct registered shareholder

As a direct registered shareholder, your shares are registered in your name in a register maintained directly by Air Liquide Shareholder Services, giving you the following benefits:

  • Free management of your securities account by Air Liquide Shareholder Services with no handling fees
  • Reduced brokerage fees of just 0.18% (exc. tax) on the gross transaction amount (no minimum limit)
  • A loyalty bonus that adds 10% to the total dividend received and the number of free shares attributed (after you have held your shares for two full calendar years)
  • Direct advice from Shareholder Services on all aspects of share management: account opening and management, stock orders, taxes and share inheritance
  • Online tracking of your accounts and the ability to place stock orders directly through your online share account

Being an intermediary registered shareholder

As an intermediary registered shareholder, your share portfolio is managed by your bank in the form of a share savings plan or securities account. You also get all the benefits of registered shareholding. In practical terms, this means that:

  • Your financial intermediary (e.g. bank) remains your normal point of contact for all day-to-day portfolio transactions
  • You receive a loyalty bonus that adds 10% to your dividend and free share attributions (after you have held your shares for two full calendar years)
  • You have direct contact with Air Liquide and receive practical information delivered to your home about your life as a shareholder

You can become an intermediary registered shareholder by converting your shares.

Focus on

Place a stock order… It's easy!

As a registered shareholder, you have four options when placing a stock order

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You can place your orders:

  • From your personal account, as long as you have a valid account agreement
  • By phone - call 0 800 166 179 (toll-free if you are calling from France) or +33 1 57 05 02 26 if you are calling from another country
  • By fax: +33 1 40 62 57 50 (accompanied by a photocopy of a piece of ID)
  • By post to Shareholder Services at the following address (accompanied by a photocopy of ID)

Air Liquide
Shareholder Services
75, quai d’Orsay
75321 Paris Cedex 07
France

What if you want to buy more shares to add to your portfolio?

  • If you have opted for payment by direct debit, call our advisors on 0 800 166 179 (toll-free if you are calling from France) or +33 1 57 05 02 26 if you are calling from another country. No deposit is required. Your account will be automatically debited within a few days of receiving the contract note.
  • If you have opted for payment by check, your buy order must be accompanied by a deposit check for 80% of the estimated purchase amount made payable to Air Liquide. Both should then be sent to:

Air Liquide
Shareholder Services
75, quai d’Orsay
75321 Paris Cedex 07
France

On fulfillment of your buy order, a contract note for the full buy order billing value will be sent to you.

The deposit check will be cashed as soon as the order has been fulfilled. You must then send a check for the balance made payable to Air Liquide as soon as you receive the contract note.

Close

Being a bearer shareholder

As a bearer shareholder, your shares are registered with a financial intermediary (bank, broker, etc.), which remains your single point of contact for all portfolio transactions.

Nevertheless, you still benefit from:

Converting your shares to registered form

Do you hold Air Liquide bearer shares, but would like to convert them to registered shares? All you need to do is complete one of these two conversion forms and send it to your financial intermediary:

Converting your shares to registered form has no tax implications, since the tax treatment of registered shares is exactly the same as that of bearer shares.

In brief

Air Liquide -  Shareholding Options
Registered shares - Factsheet

Factsheet - Registered shares

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