Air Liquide Launches a Capital Increase Reserved for Employees
18 March 2016 - 3:35AM
Business Wire
Regulatory News:
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 the
FSPP.
This transaction, which falls within the scope of the policy
aimed at developing employee share ownership within the Group, will
cover more than 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 and over the long-term in
the Group’s development and have them share in its results.
The subscription price for the shares has been set at €77.18,
corresponding to the average of the opening trading prices for the
Air Liquide share on Euronext Paris over the twenty trading days
prior to March 16, 2016, 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 1,000,000 shares with
a par value of €5.50 each, representing a maximum nominal amount of
€5.5 million.
The subscription period will run from March 21, 2016 until
midnight (Paris, France time) on March 31, 2016.
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 5 years, 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 Articles 212-4 (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 General Regulation.
World leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with more than
50,000 employees and serves more than 2 million customers and
patients. Oxygen, nitrogen and hydrogen have been at the core of
the company’s activities since its creation in 1902. Air Liquide’s
ambition is to be the leader in its industry, delivering long-term
performance and acting responsibly.
Air Liquide ideas create value over the long term. At the core
of the company’s development are the commitment and constant
inventiveness of its people.
Air Liquide anticipates the challenges of its markets, invests
locally and globally, and delivers high-quality solutions to its
customers and patients, and the scientific community.
The company relies on competitiveness in its operations,
targeted investments in growing markets and innovation to deliver
profitable growth over the long-term.
Air Liquide’s revenues amounted to € 16.4 billion in 2015, and
its solutions that protect life and the environment represented
more than 40% of sales. 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.
www.airliquide.comFollow us on Twitter
@AirLiquideGroup
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Air LiquideCorporate CommunicationsAnnie Fournier,
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18orShareholder ServicesPatrick Renard, +33 (0)1 40 62 51
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