Air Liquide Launches a Share Issue Reserved for Group Employees
PARIS -- October 30, 2013
Air Liquide (Paris:AI) announces an increase in share capital reserved for
eligible employees of Group companies that have adhered to the France Share
Purchase Plan (FSPP) or the International Group Share Purchase Plan (IGSSP),
as well as to early retirees and retirees who have retained their assets in
This transaction, which falls within the scope of the policy aimed at
developing employee share ownership within the Group, will cover about seventy
countries, on condition that the required authorisations are obtained in some
of these countries. Air Liquide wishes in this way to strengthen the existing
link with its employees, involve them even more closely in the Group’s
development and have them share in its results.
The subscription price for the shares has been set at € 80.70, corresponding
to the average of the opening trading prices for the Air Liquide share on the
Eurolist of Euronext Paris SA over the twenty trading days prior to October
29, 2013, the date of the decision by the Chairman and Chief Executive Officer
adopting the definitive dates of the subscription period and the subscription
price, reduced by a discount of 20% and rounded up to the immediately higher
euro cent. This price will not apply in respect of the transaction to be
implemented in the United States where a price has been set, in light of the
local regulations applicable.
The transaction will concern a maximum of 750,000 shares with a par value of
€5.50 each, representing a maximum nominal amount of €4.125million.
The subscription period will run from November 4, 2013 until midnight (Paris,
France time) on November 14, 2013.
The new shares will be immediately identical to the existing shares and
benefit from the same rights. In particular, they will grant entitlement to
any dividend distribution of which payment is decided after their creation.
Admission of these shares for trading on the Euronext Paris market, on the
same quotation line as the existing shares (ISIN code: FR0000120073), will be
requested as soon as possible after completion of the increase in capital.
The new shares will be registered in a direct registered share account and
held for 5years, except in the event of early release as provided for by the
regulations application in France and in participating countries.
Specific information regarding the International Share Purchase Plan
This press release does not constitute an offer for sale or an invitation to
purchase Air Liquide shares. In the countries where the applicable regulations
require that authorisations are to be obtained, or filing, information or
other formalities carried out, the employees concerned will only be able to
subscribe for the offer if the authorisations have been obtained or the
formalities completed within the required deadlines.
The securities described in this document have not been, and will not be
registered with the U.S. Securities and Exchange Commission and may only be
offered or sold in the United States within the scope of transactions which do
not require any registration under the U.S. Securities Act of 1933.
This press release corresponds to the information document required pursuant
to Articles212-4 (5°) and 212-5 (6°) of the AMF General Regulation and
Article 14 of Instruction No. 2005-11 of December 13, 2005, disseminated in
the form of a press release in accordance with Article 221-3 of the AMF
Actionaria Shareholders’ Fair:
November 22 and 23, 2013
2013 annual results:
February 18, 2014
Air Liquide is the world leader in gases for industry, health and the
environment, and is present in 80 countries with close to 50,000 employees.
Oxygen, nitrogen, hydrogen and rare gases have been at the core of Air
Liquide’s activities since its creation in 1902. Using these molecules, Air
Liquide continuously reinvents its business, anticipating the needs of current
and future markets. The Group innovates for the good of society while
delivering profitable growth and consistent performance.
Innovative technologies that curb polluting emissions, lower industry’s energy
use, recover and reuse natural resources or develop the energies of tomorrow,
such as hydrogen, biofuels or photovoltaic energy… Oxygen for hospitals, home
healthcare, fighting nosocomial infections… Air Liquide combines many products
and technologies to develop valuable applications and services not only for
its customers but also for society.
A partner for the long term, Air Liquide relies on employee commitment,
customer trust and shareholder support to pursue its vision of sustainable,
competitive growth. The diversity of Air Liquide’s teams, businesses, markets
and geographic presence provides a solid and sustainable base for its
development and strengthens its ability to push back its own limits, conquer
new territories and build its future.
Air Liquide explores the best that air can offer to preserve life, staying
true to its Corporate Social Responsibility and sustainable development
approach. In 2012, the Group’s revenues amounted to € 15.3 billion of which
82% were generated outside France. Air Liquide is listed on the Paris Euronext
stock exchange (compartment A) and is a member of the CAC 40 and Dow Jones
Euro Stoxx 50 indexes.
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Group Financing & Treasury
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