2025 Shareholder's Practical Guide

Three ways of holding your Air Liquide shares

Factsheet 1

Three ways of holding your Air Liquide shares

Two with your financial institution and one directly with Air Liquide.

1 Bearer shares

You hold a securities account or a Share Savings Plan (Plan d’Epargne en Actions, “PEA” in French) with a financial institution. Your shares are held in “bearer form”. Your contact is your financial institution.

2 Intermediary registered shares

You hold a securities account or a Share Savings Plan (Plan d’Epargne en Actions, “PEA” in French) with a financial institution, which you have asked to convert your shares from “bearer” mode to “intermediary registered” (see Factsheet No. 2). Intermediary registered shares are eligible for the Loyalty Bonus (see Factsheet No. 3); they are registered in your name in the Air Liquide register. Your financial institution remains your contact.

3 Direct registered shares

You hold a securities account directly with Air Liquide, without going through a financial institution. Your shares are eligible for the Loyalty Bonus (see Factsheet No. 3) and are registered in your name in the Air Liquide register. Your contact is Air Liquide.

For your information, you are entitled to hold bearer, intermediary registered and direct registered shares at the same time.

  With a financial institution Directly withAir liquide
Differences in Shareholding Options Bearer Shares Intermediary Registered Shares Direct Registered Shares
My shares are eligible for the Loyalty Bonus (a) Non Oui Oui
I am eligible for free shares Oui Oui Oui
My securities account is held by My financial institution Air liquide
My contact is
I place my stock orders with
My Tax Reporting Form (Imprimé Fiscal Unique, “IFU” in French) is sent by
Handling fees and management fees Set by my financial institution Free
Broker fees 0.1% before tax with no minimum
I am invited to the Annual General Meeting by My financial institution Air liquide
I can register my shares in a Share Savings Plan Oui Oui Non

(a) For shares held for more than two full calendar years and in accordance with the conditions set out in Air Liquide’s articles of association.