Air Liquide: capital increase reserved for employees at a price of 126.49 euros per share

(Boursier.com) — Liquid air will launch a capital increase operation reserved for eligible employees of Group companies members of the France Savings Plan (PE France) or the International Group Savings Plan (PEGI), as well as pre-retirees and retirees who have retained assets in the PE France. This operation, which is part of the Group’s employee shareholding development policy, will cover nearly 60 countries, subject to obtaining the required authorizations in some of these countries.

Air Liquide thus wishes to involve its employees even more in the development of the Group and its long-term performance.

The operation will involve a maximum number of 750,000 shares with a par value of 5.50 euros each, i.e. a maximum nominal amount of 4,125,000 euros.

The subscription price of the shares was set at 126.49 euros, corresponding to the average of the opening prices of the Air Liquide share recorded on Euronext Paris during the twenty trading sessions preceding the day of the CEO’s decision concerning the setting of the subscription price and the subscription period. The subscription price is reduced by a discount of 20%.
This price is not applicable in the United States, where a different subscription price has been set taking into account applicable local regulations.

The subscription period will take place from November 6 (9 a.m. in Paris) to November 16 (noon in Paris).

The new shares will immediately be assimilated to the old shares and will benefit from the same rights. In particular, they will give right to any dividend distribution whose payment would be decided after their creation. Admission of these shares to trading on the Euronext Paris market, on the same listing line as the existing shares (ISIN code: FR0000120073), will be requested as soon as possible after the date of completion of the capital increase.

The new shares will be registered in a pure registered account and blocked for 5 yearsexcept in cases of early release provided for by the regulations applicable in France and in participating countries.