Focus on the first few years of your investment 

2023: your shares are registered in your direct registered share account. You may sell them providing you are eligible for one of the early release clauses available in your country
2024: you will receive the first dividend attached to the shares to which you have subscribed^*
2026: your shares become eligible for the loyalty bonus (as of January 1)
2028: your shares become available for sale (in December)

Note   

Your investment tracks the Air Liquide share price performance

There is therefore a risk of loss of capital. However, the discount reduces the share purchase price compared with the market price and therefore has an amplifying effect in the event of an increase and a cushioning effect in the event of a decrease in the share price.
Note: if you are resident in a country located outside the Euro zone, there is an exchange rate risk. As Air Liquide is listed in euros on the Paris stock exchange, the value of your investment will vary according to exchange rate fluctuations between the euro and your currency over your investment period. Thus, if the euro appreciates against your currency, the value of the shares in your currency will increase. Conversely, if the euro depreciates against your currency, the value of the shares in your currency will decrease.

Your investment is locked in for five years

However, early release clauses exist and details of these can be found in your country’s local supplement which can be obtained in the “Download documents” section of this website.

What happens to your shares at the end of the five-year lock-in period?

After the five-year lock-in period, you may keep your shares in the account opened in your name at Air Liquide, or sell all or some of them.

 

^* Subject to approval by the General Meeting of Shareholders.