Air Liquide: Combined Shareholders’ Meeting of May 12, 2016
May 12 2016 - 2:30PM
Business Wire
Regulatory News:
Commenting on the 2015 fiscal year and the Group’s growth
outlook, Benoît Potier, Chairman and CEO, stated: “In
2015, the Group’s performance was strong. Air Liquide (Paris:AI),
which delivered growth above that of its market, continued to
improve its competitiveness, as attested to by the increase in
operating margin and net profit. The Group also pursued its
investments in growing markets and initiatives in the area of
innovation. Moreover, the acquisition of Airgas, which was
announced in November 2015 and which might be completed soon, will
be a major step in the development and transformation of the Group,
ideally positioning it to capture future growth. Thanks to solid
fundamentals, committed and passionate teams, the trust of our
customers, and the loyalty of our shareholders, we are confident in
the Group's ability to create value over the long term for all its
stakeholders.”
The Combined Shareholders’ Meeting of Air Liquide,
chaired by Benoît Potier, the Company’s Chairman and Chief
Executive Officer, in the presence of the members of the Board of
Directors, was attended by 3,928 people, on
Thursday, May 12, at the Palais des Congrès in Paris. The
shareholders, who represented 46.8% of the voting rights, i.e.
126,052 shareholders in attendance or represented, approved
all of the resolutions that were submitted.
The proposed dividend, with an ex-date of May 23 and a
payment date of May 25, 2016, was approved: it has been set
at 2.60€ per share, which represents a payout ratio of 52.4%
in 2015.
The Shareholders approved the reappointment of Ms.
Karen Katen and of Mr. Pierre Dufour and appointed
Mr. Brian Gilvary to the Board, each for a term of four
years. A British national who holds a PhD in mathematics, Mr. Brian
Gilvary has been the CFO of BP since 2012.The Board of Directors is
now composed of 12 members, including 5 women
and 6 members who are not French. 9 of the 11 members
elected by the Shareholders are independent. The current
composition of the Board offers a complementary mix of experience,
nationalities and cultures, and reflects the diversity policy
conducted by the Group.
The Shareholders reappointed the firm Ernst&Young and
Others to serve for a six-year term as the incumbent
independent auditors of the company, as well as Pricewaterhouse
Coopers Audit.
In addition, the Shareholders expressed a favorable opinion on
the remuneration of the company’s executive officers for the 2015
fiscal year in connection with two specific resolutions (“Say on
Pay”).
Air Liquide share ownership (as of
December 31, 2015)
- 36% of the capital held by
individual shareholders
- 46% of the capital held by
non-French institutional investors
- 18% of the capital held by
French institutional investors
UPCOMING DATES
Dividend ex-date:Monday, May 23, 2016
Dividend payment date:Wednesday, May 25, 2016
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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