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, 2021, as presented in chapter 4 of the 2021 Universal Registration Document.
(Approval of the Company financial statements for the fiscal year ended December 31, 2021)
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, 2021 as presented, and approve the transactions reflected in these Financial Statements or mentioned in these reports.
The Shareholders determine the amount of net earnings for the fiscal year to be 950,909,897 euros.
(Approval of the consolidated financial statements for the fiscal year ended December 31, 2021)
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, 2021 as presented.
In the 3rd resolution, the Board of Directors proposes that you approve the distribution of a dividend of 2.90 euros per share, representing an increase of +5.5% compared with the previous year. Moreover, a free shares attribution, on the basis of one free share for every 10 shares held, as well as the application of a loyalty bonus, are planned for June 2022.
A loyalty dividend of 10%, i.e. 0.29 euro per share, shall be granted to shares which have been held in registered form since December 31, 2019 and which remain held in this form continuously until May 18, 2022, the dividend payment date. As of December 31, 2021, 28.40% of the shares making up the share capital are likely to benefit from this loyalty dividend.
With an estimated pay-out ratio of 55% 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.
The ex-dividend date will be set for May 16, 2022. The dividend payment date will be set for May 18, 2022.
(Appropriation of 2021 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 2021 earnings of 950,909,897 euros and the retained earnings of 4,818,951,419 euros as of December 31, 2021, distributable earnings for the year amount to a total of 5,769,861,316 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 | 896,672 euros |
| Retained earnings | 4,351,472,521 euros |
|---|---|
| Dividend (including the loyalty dividend) | 1,417,492,123 euros |
