Regulatory News:
The Combined General Meeting of Air Liquide (Paris:AI)
will be held on Tuesday, May 5, 2020, at 3 pm, on first
notice. Nonetheless, due to the international and national
situation linked to the Coronavirus outbreak (COVID-19), the usual
organization of this event has been reviewed to ensure that this
moment of information and exchange takes place with the proper
security level. Given the current circumstances that
characterize the beginning of this year 2020, our General Meeting
should be held at the Company's head office, 75 quai
d’Orsay, in Paris, France and not at the Palais des Congrès, in
Paris.
The proposed resolutions, approved by Air Liquide’s Board
of Directors on February 10, 20201 and to be submitted to the
General Meeting, as well as all the information concerning the
Meeting are available on the Group’s website, www.airliquide.com,
Shareholders section.
The Notice of meeting published on March 25, 2020 in the
French legal gazette (Bulletin des Annonces Légales
Obligatoires), the Invitation to the General Meeting, as well as
the letter from Benoît Potier, Chairman & Chief Executive
Officer, regarding this meeting are available on the Group’s
website, in the 2020 General Meeting section.
The invitation to the Meeting will be sent to all shareholders
of the Company, by mail or electronically for those having opted
for the electronic invitation. These documents include the voting
form, the agenda of the Meeting, the resolutions submitted to
shareholders with a presentation of the objectives of each
resolution and practical information for attending, voting and
exercising shareholder rights.
Due to the exceptional circumstances of this public health
crisis and in accordance with the regulatory constraints that limit
gatherings, and in order to protect everyone’s health, it is
strongly recommended to follow this General Meeting by
Internet. Every effort will be made to facilitate a remote
participation at this important moment for the Group. This
includes:
- prior to the event, the vote whether by post mail or by
Internet (given the situation, we strongly recommend to vote by
Internet in order to facilitate processing).The voting website will
be open from Tuesday, March 31 until Monday, May 4 at 3 pm,
Paris time.
- on May 5, 2020, the live streaming of the General
Meeting with a dedicated feature to allow questions
online, on the airliquide.com website, provided, of
course, that the conditions for this broadcast can be met.
To guarantee the safety of the shareholders, as well as that of
Air Liquide teams, the Board of Directors will give preference to
holding this meeting behind closed doors at the Company’s head
office, if legal developments allow it. You will then be informed
in the press and via our airliquide.com website.
The preparatory documents will also be kept at disposal of the
shareholders within the Shareholder Services. In view of the
sanitary situation, shareholders wishing to consult them are
invited to contact Shareholder Services via the toll-free number or
the contact form. The mandatory documents are published on the
Group’s website www.airliquide.com, Shareholders section,
according to legal and regulatory requirements.
Air Liquide share ownership (as at
December 31, 2019)
- 32% of the capital held by individual shareholders
- 51% of the capital held by non-French institutional
investors
- 17% of the capital held by French institutional
investors
---
Agenda of the Combined General Meeting of May 5, 2020
Ordinary General Meeting
- Approval of the Company financial statements for the year ended
December 31, 2019
- Approval of the consolidated financial statements for the year
ended December 31, 2019
- Appropriation of 2019 earnings; setting of the dividend
- Authorization granted to the Board of Directors for a period of
18 months to allow the Company to trade in its own shares
- Renewal of the term of office of Mr Brian Gilvary as
Director
- Appointment of Ms Anette Bronder as Company Director
- Appointment of Ms Kim Ann Mink as Company Director
- Statutory Auditors’ Special Report on agreements covered by
articles L. 225-38 et seq. of the French Commercial Code
- Approval of the elements of remuneration paid during or awarded
in respect of the fiscal year ended December 31, 2019 to Mr Benoît
Potier
- Approval of information relating to the remuneration of
Corporate Officers stated in paragraph I of article L. 225-37-3 of
the French Commercial Code
- Approval of the remuneration policy applicable to the Corporate
Officers
- Setting of the total annual amount of Directors’
remuneration
Extraordinary General Meeting
- Authorization granted to the Board of Directors for a period of
24 months to reduce the share capital by cancellation of treasury
shares
- Delegation of authority granted to the Board of Directors for a
period of 26 months in order to increase the share capital through
capitalization of additional paid-in capital, reserves, profits or
any other amount that may be capitalized, for a maximum amount of
300 million euros
- Delegation of authority granted to the Board of Directors for a
period of 26 months to perform share capital increases, with
cancellation of preferential subscription rights, reserved for
members of a company or Group Savings Plan
- Delegation of authority granted to the Board of Directors for a
period of 18 months to perform share capital increases, with
cancellation of preferential subscription rights, reserved for a
category of beneficiaries
- Harmonization of article 11 of the articles of association
(Composition of the Board of Directors) with the provisions of the
PACTE law in relation to Directors representing employees
- Modification to article 15 of the articles of association
(Powers of the Board of Directors) relating to management decisions
taken by the Board of Directors (PACTE Law)
- Compliance of article 16 of the articles of association
(Remuneration) with the provisions of the PACTE law relating to
Directors’ remuneration
- Modification of article 9 of the articles of association
(Identification of shareholders) relating to thresholds
notifications
- Statutory modification relating to the authority to decide or
authorize the issue of bonds
- Extension of the Company’s term and consequential amendment to
the articles of association
Ordinary General Meeting
UPCOMING DATES
First quarter 2020 revenue: Friday, April 24, 2020
Combined General Meeting: Tuesday, May 5, 2020
Dividend ex date*: Monday, May 11, 2020
Dividend payment date*: Wednesday, May 13, 2020
* subject to the necessary approvals at the Combined
Shareholders’ Meeting scheduled for 5 May 2020
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A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with
approximately 67,000 employees and serves more than 3.7 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. 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 22 billion euros in 2019 and
its solutions that protect life and the environment represented
more than 40% of sales. Air Liquide is listed on the Euronext Paris
stock exchange (compartment A) and belongs to the CAC 40, EURO
STOXX 50 and FTSE4Good indexes.
www.airliquide.com Follow us on Twitter
1In order to cover the case of a potential adjournment of the
General Meeting in view of the sanitary context, the Board of
Directors' meeting of March 24, 2020 decided in such an
eventuality, the payment of an interim dividend to be paid on May
13, 2020 and modified the wording of the third resolution
accordingly.
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version on businesswire.com: https://www.businesswire.com/news/home/20200325005591/en/
Media Relations media@airliquide.com
Investor Relations IRTeam@airliquide.com
Shareholder Services Patrick Renard +33 (0)1 40 62 51
86
Jérémie Créange +33 (0)1 40 62 52 03
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