Shareholders are asked in the 1st and 2nd resolutions to approve both the Company and consolidated financial statements of Air Liquide for the fiscal year ended December 31, 2022, as presented in chapter 4 of the 2022 Universal Registration Document.
(Approval of the Company financial statements for the fiscal year ended December 31, 2022)
The General Meeting, deliberating according to the quorum and majority required for Ordinary General Meetings, having noted:
approves the Company financial statements for the year ended, December 31, 2022 as presented, and approves the transactions reflected in these financial statements or mentioned in these reports.
The General Meeting determines the amount of net earnings for the fiscal year to be 924,659,026 euros.
(Approval of the consolidated financial statements for the fiscal year ended December 31, 2022)
The General Meeting, deliberating according to the quorum and majority required for Ordinary General Meetings, having noted:
approves the consolidated financial statements for the year ended, December 31, 2022, as presented.
In the 3rd resolution, the Board of Directors proposes that you approve the distribution of a dividend of 2.95 euros per share. Following the allocation to Shareholders of one free share for every 10 shares held on June 8, 2022, the proposed dividend shows a strong growth of +12.2% compared with the previous year.
A loyalty dividend of 10%, i.e. 0.29 euros per share, shall be granted to shares which have been held in registered form since December 31, 2020 and which remain held in this form continuously until May 17, 2023, the dividend payment date. As of December 31, 2022, 28.50% of the shares making up the share capital are likely to benefit from this loyalty dividend.
With an estimated pay-out ratio of 58% 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 15, 2023. The dividend payment date will be set for May 17, 2023.
(Appropriation of 2022 earnings; setting of the dividend)
The General Meeting, deliberating according to the quorum and majority required for Ordinary General Meetings, having noted that, considering the fiscal year 2022 earnings of 924,659,026 euros and the retained earnings of 4,356,827,596 euros as of December 31, 2022, distributable earnings for the fiscal year amount to a total of 5,281,486,622 euros, approves the proposals of the Board of Directors regarding the appropriation of earnings. The General Meeting hereby decides to appropriate distributable earnings as follows:
| Legal reserve | 26,487,579 euros |
| Retained earnings | 3,667,563,986 euros |
| Dividend (including the loyalty dividend) | 1,587,435,057 euros |
