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, 2020(1) 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
-- Powers for formalities.
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
----------
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
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(1) In 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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200325005591/en/
CONTACT: 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
SOURCE: Air Liquide
Copyright Business Wire 2020
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March 25, 2020 13:28 ET (17:28 GMT)
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