An Employee Stock Purchase Plan (ESPP) is a capital increase reserved for the employees of a company or group of companies. This type of offer allows eligible employees to acquire shares on preferential terms.

The myAL myShare 2023 offer is an opportunity to participate in the Group’s development by becoming a Shareholder of L’Air Liquide S.A. or by expanding your stock portfolio on preferential terms.

With its ESPP, Air Liquide aims to increase the number and representation of employees in the Group’s share capital.

To take part in the myAL myShare 2023 offer you must:

• be an employee of L’Air Liquide S.A. or one of its subsidiaries that is a member of the International Group Share Purchase Plan (IGSPP) at the subscription closing date;
• have at least three months employment in the Group at the subscription period closing date (length of employment requirements and eligible contracts may vary depending on the country). The three months of employment must fall between January 1, 2022 and November 16, 2023.

Specific rules for Russia and Belarus
As a result of sanctions imposed by the European Union, citizens or residents of Russia or Belarus may not participate in this offering, except in the following conditions:

• if he/she is a Russian national or resident of Russia, he/she is also a citizen of a Member State of the European Union, of a country member of the European Economic Area or of Switzerland, or he/she has a temporary or permanent residence permit in one of these countries; and
• if he/she is a Belarusian national or a resident of Belarus, he/she is also a citizen of a Member State of the European Union or he/she has a temporary or permanent residence permit in one of these Member States.

Upon subscription, you enjoy preferential terms:

A 20% discount⁽¹⁾ on the L’Air Liquide S.A. share reference price
The subscription price will be determined based on a reference price equal to the average opening trading prices of Air Liquide’s shares over the 20 trading days preceding the date the subscription price is set by the CEO. A 20% discount is then applied to this reference price: this is the subscription price.

Payment facilities⁽¹⁾
The myAL myShare 2023 offer allows subscribers to pay their subscription in full upfront or spread over 12 months interest-free, through a payroll deduction as of the first salary payment following the capital increase, depending on the local offer conditions. Subject to the tax conditions of the country, the payroll deduction may be subject to tax and/or social security contributions and similar charges. Monthly payments are not possible in certain countries.

⁽¹⁾ These conditions vary depending on the country. For details of the conditions applicable in your country, please refer to the brochure, subscription form and, for countries outside of France, your local supplement which is available from your local relay or in the “Download documentation” section of this website.

After you subscribe⁽²⁾, you will become an Air Liquide Shareholder. You will thus enjoy the following advantages:

1 share = 1 voting right
You are part of your Group’s decision-making process by voting at the General Meeting.
You also receive specific information: emails, Shareholder newsletters, Factsheets, Shareholder’s Guide, etc.

10% loyalty bonus on dividends after two years
You will be eligible to receive the dividend voted on by Shareholders during the General Meeting each year, plus a 10% loyalty bonus once you have owned your shares for two years.

Regular free share attributions to all Shareholders
These attributions also benefit from the 10% loyalty bonus for all shares you have owned for two years.

No handling fees, no management fees
You are supported in all formalities. Your direct registered share account will be directly managed by the experts at Air Liquide’s Shareholder Services Department, without any financial intermediary.

⁽²⁾ New shares under the capital increase reserved for employees will be issued in December 2023. 

You are free to invest as much or as little as you wish. You may buy a minimum of 1 share.
Your subscription to myAL myShare 2023 is limited to 25% of your estimated gross annual remuneration for 2023⁽³⁾. 
If you pay in installments (providing this option is authorized in your country), each monthly payment is capped at 10% of your net monthly remuneration. If you expect a change in the level of your remuneration during the current year, you must take this into account. It is your responsibility as an employee to ensure that you comply with the cap of 25% of your estimated gross annual remuneration for 2023. Failure to comply with this cap exposes you to the risk of tax penalties.

⁽³⁾ This criterion may vary according to local regulations.

Two methods of payment are available to employees, subject to local regulations: 

• Payment in full upfront, using the payment method specified by your entity;or
• Payment by payroll deductions in 12 monthly installments, subject to local regulations, starting from the month following the registration of shares in your account. Each monthly payment is capped at 10% of your net monthly remuneration, subject to local regulations. For further information, please refer to the documentation relative to your country that can be found in the “Download documentation” section.

Note that you cannot split payment between upfront and monthly payments.

For euro zone countries:
Subscription is in euros.

For countries outside the euro zone:
Subscription is in your local currency and based on the exchange rate as at October 27, 2023. However, as L’Air Liquide S.A. shares are listed on the Paris stock exchange, your investment will be in euros. Over the duration of the investment, the exchange rate may therefore have a positive or negative impact on your investment. Thus, if the euro appreciates against your currency, the value of your investment denominated in your currency will increase. Conversely, if the euro depreciates against your currency, the value of the investment in your currency will decrease. You therefore bear the exchange rate risk until your shares are sold.

Shares subscribed to will be locked in for five years, except in the event of early release. Early release  of shareholdings is a right and not an obligation.
An early release clause may only be invoked if the event triggering it occurs after the end of the subscription period.
Your request must be presented within six months from the occurrence of the triggering event. Beyond six months, no request will be considered. However, in the event of a terminated employment contract, death, disability, unmanageable debt or domestic violence, requests may be presented at any time following the capital increase.

In the event of early release, you can choose to sell all or some of your shares. You will receive the sale price. However, you cannot transfer your shares to another account.

Early release clauses applicable in the country are set out in the local supplement for your country, the regulations of the IGSPP, or the addendum signed by the country. Subject to local regulations, the list may include, for example:

• Marriage of the employee or declaration of a civil partnership (PACS)
• Birth or adoption of a child from the 3rd child onwards
• Divorce, separation, or dissolution of a civil partnership (PACS) with custody of at least one child at the home of the person concerned
• Death of an employee, or an employee’s spouse (or civil partner)
• Disability of an employee, an employee’s spouse (or civil partner) or one of the employee’s children
• Termination of the employment contract (resignation, end of contract, redundancy, retirement, etc.)
• Setting up or takeover of a company by the employee, an employee’s spouse (or civil partner), or one of the employee’s children
• Purchase or extension of the employee’s main residence
• In the event an employee has unmanageable debt
• Domestic violence committed against the employee by their spouse, partner, civil partner or former spouse, partner or civil partner

If you take the early release option for all or some of your shares during the 12-month period of payroll deductions, any outstanding balance will be due to Air Liquide, and you will be required to settle the balance before requesting the early release.

For details of the conditions applicable in your country, you may contact your local relay or consult your country’s local supplement available on the “Download documents” section of this website.

Note: The employee will not be billed for account management fees during or after the lock-in period.

If the number of shares subscribed is greater than the 750,000 shares available as part of the myAL myShare 2023 offer, the amount of your subscription may be reduced.

The highest subscriptions will be reduced to a level that will make it possible to satisfy all subscribers, as far as possible. You will be informed of any reduction in your subscription a few days after the subscription period closes. The information will also be available on this website.

To be eligible to subscribe, you must remain a Group employee until the very last day (12:00 noon Paris time on Thursday, November 16, 2023) of the subscription period. In the event of departure before the end of the subscription period, the pending subscription will be automatically canceled.

If you leave the Group after this date, and decide to keep your shares, no account management fees will be billed.

You remain employed by a Group company, whether it falls within the scope of eligibility or not. This is not an early release clause.

For further information relating to the offer and L’Air Liquide S.A. shares, you may contact your local relay for this offer.

Your local relay is there to help you subscribe online.

Subscriptions may only be done online.

An exception will be made for employees who do not have Internet access or if local regulations require it. In this case, you can obtain a paper subscription form and further information upon request from your local relay, who will also be able to help you to subscribe online. You must keep a copy of your form.

You can click on “Subscribe to myAL myShare 2023” on the myalmyshare2023.airliquide.com website to go on the subscription website.

If you have forgotten your password, you may click on “Forgot password” and follow the onscreen instructions.
If you have lost their access code, you may click on “I am an employee and have not received my access code” and follow the onscreen instructions.
If you still cannot connect or if you do not have a registered email address, you may contact Uptevia on +33 (0)1 57 78 32 31 (between 9:00 a.m. and 6:00 p.m. Paris time) or by email at the following address: employee-support@uptevia.com (excluding subjects relating to savings). This telephone number and this email address will only be valid during the subscription period. 
You may also contact your local relay.