Air Liquide Launches a Capital Increase Reserved for Employees
31 Ottobre 2018 - 8:30AM
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 (IGSPP), as well as to
early retirees and retirees who have retained their assets in the
FSPP.
This transaction, which forms part of the Group’s policy to
develop employee share ownership, will cover more than seventy
countries, on condition that the required authorisations 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 €87.09,
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, 2018, 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 price has
been set, in light of the local regulations applicable.
The transaction will concern a maximum of 1,500,000 shares with
a par value of €5.50 each, representing a maximum nominal amount of
€8.250 million.
The subscription period will run from November 5, 2018 at 9 a.m.
(Paris time) until midnight (Paris time) on November 16, 2018.
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 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 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
(French financial market authority) General Regulation and Article
19 of Instruction No. 2016-04 of January 15, 2018, disseminated in
the form of a press release in accordance with Article 221-3 of the
AMF General Regulation
The world leader in gases, technologies and services for
Industry and Health, Air Liquide is present in 80 countries with
approximately 65,000 employees and serves more than 3.5 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 lead its industry, deliver long
term performance and contribute to sustainability. The company’s
customer-centric transformation strategy aims at profitable 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 20.3 billion euros in 2017 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.
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