Shareholders are asked in the 1st and 2nd resolutions to approve both the Company and consolidated financial statements of Air Liquide for the year ended December 31, 2020, as presented in Chapter 4 of the 2020 Universal Registration Document.
(Approval of the Company financial statements for the fiscal year ended December 31, 2020)
The shareholders, deliberating according to the quorum and majority required for Ordinary General Meetings, having reviewed:
approve the Company’s financial statements for the year ended, December 31, 2020 as presented, and approve the transactions reflected in these financial statements or mentioned in these reports.
The shareholders determined the amount of net earnings for the fiscal year at 1,333,828,207 euros.
(Approval of the consolidated financial statements for the fiscal year ended December 31, 2020)
The shareholders, deliberating according to the quorum and majority required for Ordinary General Meetings, having reviewed:
approve the consolidated financial statements for the year ended, December 31, 2020 as presented.
In the 3rd resolution, shareholders are asked to approve the distribution of a dividend of 2.75 euros per share, up + 1.9% compared to prior year and in line with the recurring net profit growth.
A loyalty dividend of 10%, i.e. 0.27 euro per share, shall be granted to shares which have been held in registered form since December 31, 2018 and which remain held in this form continuously until May 19, 2021, the dividend payment date. As of December 31, 2020, 27.82% of the shares making up the share capital are likely to benefit from this loyalty dividend.
With an estimated pay-out ratio of 54.9% of the Group’s published net profit, the proposed dividend is an integral part of Air Liquide’s policy to reward and grow shareholder portfolios over the long term.
It is noted that your Company did not apply for, or receive, any financial aid or furlough benefits implemented by the French government in response to the covid-19 public health crisis.
The ex-dividend date will be set for May 17, 2021. The dividend payment date will be set for May 19, 2021.
(Appropriation of 2020 earnings; setting of the dividend)
The shareholders, deliberating according to the quorum and majority required for Ordinary General Meetings, having noted that, considering the fiscal year 2020 earnings of 1,333,828,207 euros and the retained earnings of 4,821,498,780 euros as of December 31, 2020, distributable earnings for the year amount to a total of 6,155,326,987 euros, approve the proposals of the Board of Directors regarding the appropriation of earnings. The shareholders hereby decide to appropriate distributable earnings as follows:
Legal reserve | 305,365 euros |
|---|---|
Retained earnings | 4,816,881,251 euros |
Dividend (including the loyalty dividend) | 1,338,140,371 euros |
