When a loyalty bonus is attributed, the issuing company may decide to list its eligible securities under one or more distinct ISIN (International Securities Identification Numbers) codes. These are known as bonus codes. At Air Liquide, to help you manage your registered share portfolio, your Air Liquide shares are divided into four “bonus codes” (ISIN codes) according to the year in which the loyalty bonus falls due. New shares are always acquired under the parent code and are later automatically changed to bonus codes. In the event of the sale of a share with a bonus code, its code is automatically converted back to a parent code, immediately and free of charge.

The financial gain/loss upon the disposal of a share. 
The capital gain is the positive difference between the price at which Shareholders dispose of a share and the price at which they acquired said share. If the disposal price is lower than the acquisition price then Shareholders make a capital loss. 
Tax conditions governing these capital gains/losses and their calculation are those of the country in which you are a tax resident. For further information on this subject, we advise you to contact a local tax specialist.

An account in which shares are held that is opened directly in the name of the subscriber in Air Liquide's register, without a financial intermediary.
The employee Shareholder’s single point of contact is Air Liquide Shareholder Services Department. No account management fees apply and broker fees are reduced for the purchase (excluding subscriptions reserved for employees) or sale of securities.

A discount is a reduction to the share price (see “Reference price”) used to determine the discounted subscription price proposed to employees as part of an employee share ownership plan. 
For the myAL myShare 2023 offer, the maximum authorized discount is 15%.

The dividend is a portion of the Group’s net income for the year which, following a decision of the General Meeting, is distributed to Shareholders. Air Liquide Shareholders who have held their registered shares for more than two full calendar years benefit from a loyalty bonus of 10% on the amount of the dividend.

Specific cases which allow employees, if they so wish, to immediately sell all or part of their investment before the end of the five year lock-in period.
For further information regarding early release clauses, please contact your Human Resources department. The list of early release clauses applicable in each country is included in your country’s local supplement. 

Companies can carry out capital increases reserved for employees (ESPP) who are members of a French Share Purchase Plan (FSPP) or an International Group Share Purchase Plan (IGSPP) implemented by the company.
As part of the myAL myShare 2023 employee share ownership plan, subscribed shares will be held directly in direct registered share accounts managed by Air Liquide’s Shareholder Services Department. These shares, which are acquired at a preferential price, enjoy special tax conditions specific to each country and are locked in for a period of five years following their subscription, except in the case of early release clauses.

The creation of new shares subscribed to by employees only. The amounts collected increase the company’s own resources (its “Shareholders’ equity”).

Air Liquide regularly attributes free shares to all its Shareholders. The 31st free share attribution took place in June 2022, where one free share was attributed for 10 existing shares. For all Shareholders, free share attributions enable you to expand your portfolio over time.

A collective savings scheme which offers employees the opportunity to constitute, with the help of their company, capital invested in marketable securities subject to a five year lock-in period (except in the case of early release clauses).

A meeting of a company’s Shareholders. The General Meeting convenes at least once a year to approve, in particular, the financial statements for the past fiscal year. Shareholders vote on the company’s main decisions: financial authorizations, the distribution of dividends, but also on the renewal of the terms of office of the Group’s Directors. Shareholders exercise their voting rights, which are automatically obtained when they purchase their share(s).

The ISIN code is a unique identification number for marketable securities, composed of twelve figures and an identification code for each country (FR for French securities). 
ISIN is the acronym for International Securities Identification Number. Air Liquide shares are traded continuously on Euronext Paris under ISIN code FR0000120073.

A five year period during which employees cannot unlock their assets, except under early release clauses. The list of early release clauses applicable in each country is included in your country’s local supplement. 

The loyalty bonus is an offer granted to company Shareholders under certain eligibility conditions. At Air Liquide, this corresponds to a 10% dividend premium and the attribution of an additional 10% of shares during free share attributions to all Shareholders once shares have been owned for two years. Shares must be held until the end of the five year lock-in period, and at least until the date on which dividends are paid.

All subscription requests which exceed the budget allocated by the Board of Directors for this offer. In the event of oversubscription, the highest subscriptions will be reduced to a level that will make it possible to serve all subscribers, as far as possible. If this happens, we will inform you a few days after the end of the subscription period.

The reference price is calculated based on the average opening trading price of Air Liquide’s shares over the 20 trading days preceding the setting of the subscription price and the date on which subscriptions will open. The reference price is used as the basis for calculating the subscription price.

A certificate of ownership representing a proportionate share in a company’s share capital.

An individual or legal entity that holds shares in a company. In this respect, the Shareholder is entitled to receive any dividends distributed following a decision by Shareholders at the General Meeting and to vote at the General Meeting of Shareholders.

The price of a listed share at a given moment. The share price is determined by the balance between share purchase requests and disposal offers. 
Air Liquide shares are traded continuously on Euronext Paris under ISIN code FR0000120073.

This is the price paid by employees to subscribe for one share: it corresponds to the reference price less a discount (which is generally 20%). Example: if the reference price set at the end of the 20 trading days is €165, the subscription price is €132 (€165 - a 20% discount). In return for this discount, assets are locked in for five years (except in the case of early release clauses).

Also known as “share capital,” the company’s capital mainly consists of funds provided by the Shareholders. The share capital is divided into securities: the shares. 
Each share is therefore an ownership certificate evidencing a proportionate share in the Company’s capital.