Regulatory News:
On Tuesday, April 30th, the 2024 Annual General Meeting of
Air Liquide (Paris:AI) Shareholders, chaired by
Benoît Potier, Chairman of the Board of Directors, in the presence
of François Jackow, Chief Executive Officer, the members of the
Board of Directors, and Jérôme Pelletan, Chief Financial Officer,
gathered 3,225 attendees to the Palais des Congrès in Paris,
France. The Shareholders, who represented 57.91% of voting rights,
i.e. 86,061 Shareholders present or represented, approved all the
resolutions presented.
Benoît Potier, Chairman of the Board of Directors, opened
alongside the Directors Air Liquide’s Annual General Meeting, which
had for theme this year ‘Performing for what matters’.
Jérôme Pelletan, Chief Financial Officer, detailed
the Group’s very strong financial and extra-financial performances.
In particular, he emphasized the record level of investment
decisions, the reduction in CO2 emissions in absolute terms in 2023
for the first time, and the decision to double the ambition for
operating margin growth for 2025 under the ADVANCE strategic
plan.
Benoît Potier then presented the Group’s strategic
framework in 2023, reviewing the global context and its
implications for the Group. He underlined Air Liquide’s exceptional
ability to develop solutions for the future for and with its
customers. François Jackow, Chief Executive Officer,
reviewed Air Liquide’s highlights of 2023 and outlook for 2024. He
notably emphasized that the Group’s long-term growth ambitions go
hand-in-hand with clear, measurable, and ambitious ESG strategy and
targets.
Benoît Potier took the floor again to present the elements
related to Governance and the work carried out in 2023. Xavier
Huillard, Lead Director, then presented as Chairman
of the Remuneration Committee the remuneration of the Group’s
corporate officers. The Statutory Auditors continued with a summary
of their reports.
This was followed by more than one hour of discussion with the
audience, and the session concluded with votes on the 23
resolutions.
The proposed dividend, with an ex-date of May 20, 2024,
and a payment scheduled for May 22, 2024, was approved: it
will be of 3.20 euros per share and 3.52 euros per
share for shares eligible for the loyalty bonus. A free share
attribution, equal to one free share for every 10 held (with a 10%
increase in the number of bonus shares distributed in respect of
shares eligible for the loyalty bonus), will take place on June
12, 2024.
The Annual General Meeting renewed the terms of office of two
independent Directors, Kim Ann Mink and Monica de Virgiliis, for a
period of four years. The term of office of Fatima Tighlaline,
Director representing the employees, was renewed by decision of the
European Works Council, also for a period of four years from
today’s Annual General Meeting. These three terms of office will
therefore expire at the close of the 2028 Annual General Meeting
(called to approve the financial statements for the financial year
2027).
The Board of Directors thus remains composed of 14 members:
12 members appointed by the Annual General Meeting, the vast
majority of whom are independent (83% independent Directors),
including five women (42%) and five foreign
nationals, and two Directors representing the employees.
The composition of the Board offers a diversity of profiles,
experience, skills, nationalities and cultures, adapted to the
Group’s challenges. It reflects the diversity policy implemented by
the Board of Directors.
In addition, the Annual General Meeting voted in favor of the
2023 remuneration components for:
- François Jackow, as Chief Executive Officer;
- Benoît Potier, as Chairman of the Board of Directors;
as well as on the information related to the remunerations of
all corporate officers for 2023.
The Annual General Meeting also approved the remuneration
policy for corporate officers applicable to:
- François Jackow, as Chief Executive Officer;
- Benoît Potier, as Chairman of the Board of Directors;
- and non-executive Directors.
Lastly, on the recommendation of the Appointments and Governance
Committee, the Board of Directors held today, renewed the terms
of office of Kim Ann Mink, Fatima Tighlaline and Monica de
Virgiliis in the relevant Committees. The composition of the
Committees thus remains unchanged:
- Audit and Accounts Committee: Catherine Guillouard
(Chairwoman), Aiman Ezzat, Bertrand Dumazy;
- Appointments and Governance Committee: Xavier Huillard
(Chairman), Annette Winkler, Bertrand Dumazy;
- Remuneration Committee: Xavier Huillard (Chairman), Kim
Ann Mink, Fatima Tighlaline (Director representing the
employees);
- Environment and Society Committee: Annette Winkler
(Chairwoman), Philippe Dubrulle (Director representing the
employees), Monica de Virgiliis.
The full broadcast of the Annual General Meeting is available
at: https://www.airliquide.com/2024-annual-general-meeting
Air Liquide share ownership (as at December 31,
2023):
- 34% of the capital held by individual Shareholders
- 53% of the capital held by foreign institutional investors
- 13% of the capital held by French institutional investors
Air Liquide is a world leader in gases, technologies and
services for industry and healthcare. Present in 72 countries with
67,800 employees, the Group serves more than 4 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 Group’s
activities since its creation in 1902.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies.
Air Liquide’s revenue amounted to more than 27.5 billion euros
in 2023. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50, FTSE4Good and DJSI Europe indexes.
www.airliquide.com Follow Group news on its
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version on businesswire.com: https://www.businesswire.com/news/home/20240430857914/en/
Communications department media@airliquide.com
Investor relations IRTeam@airliquide.com
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