CORRECTING and REPLACING: Air Liquide Launches a Capital Increase Reserved for Employees
Change vs. the previous version: the subscription price for the
shares has been changed from €141.53 to €113.23.
Air Liquide (Paris:AI) announces a share capital increase
reserved for eligible employees of Group companies that have
adhered to the France Share Purchase Plan (FSPP) or the
International Group Share Purchase Plan (IGSPP), as well as to
early retirees and retirees who have retained assets in the
This share offering, which forms part of the Group’s policy to
develop employee share ownership, will cover more than seventy
countries, on condition that the required authorizations are
obtained in some of these countries. Air Liquide aims to further
associate its employees to the Group’s development and its
performance over the long term.
The subscription price for the shares has been set at €113.23,
corresponding to the average of the opening trading prices for the
Air Liquide share on Euronext Paris over the twenty trading days
prior to October 30, 2021, 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 the United States, where a different
subscription price has been set in accordance with the applicable
The transaction will concern a maximum of 1,100,000 shares with
a par value of €5.5 each, representing a maximum nominal amount of
The subscription period will run from November 8, 2021 at 9 a.m.
(Paris time) until noon (Paris time) on November 18, 2021.
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 share capital
The new shares will be registered in a direct registered share
account and subject to a lock-up period of 5 years, except in the
event of early release as provided for by the applicable
regulations in France and in participating countries.
Specific information regarding international
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 the granting of authorizations
or the completion of filings, information or other formalities
carried out, the employees concerned will only be able to subscribe
for the offer if the authorizations 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.
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 78 countries with
approximately 64,500 employees and serves more than 3.8 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.
Air Liquide’s ambition is to be a leader in its industry,
deliver long term performance and contribute to sustainability -
with a strong commitment to climate change and energy transition at
the heart of its strategy. The company’s customer-centric
transformation strategy aims at profitable, regular and responsible
growth over the long term. It relies on operational excellence,
selective investments, open innovation and a network organization
implemented by the Group worldwide. Through the commitment and
inventiveness of its people, Air Liquide leverages energy and
environment transition, changes in healthcare and digitization, and
delivers greater value to all its stakeholders.
Air Liquide’s revenue amounted to more than 20 billion euros in
2020. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, EURO STOXX 50 and
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