Air Liquide: Share Buyback
12 Mars 2019 - 8:30AM
Business Wire
Regulatory News:
Air Liquide (Paris: AI) signed a share purchase agreement
with a financial institution in the context of its Share Buyback
Program, which was approved at the Combined Shareholders’ Meeting
of the Company on May 16th, 2018.
The terms of the agreement, signed on March 11th, 2019, set a
volume of 1,300,000 Air Liquide shares (representing 0.3% of the
share capital of the Group as of 31/12/2018) for a maximum
price not exceeding the limits authorized by the Combined
Shareholders’ Meeting of May 16th, 2018 and the Board of Directors
Meeting held on September 25th, 2018 (i.e. €165 per share).
The initial purchase price (€111.45 per share) matches the share
price upon closing of the stock market on the signing date of the
agreement, leading to an initial total purchase price of €144 885
000. This initial purchase price will be adjusted at the end of the
share purchase period set in the share purchase agreement, such an
adjustment being subject to a dedicated press release.
The shares purchased pursuant to this agreement shall in part be
cancelled by the Company and in part be affected to the
implementation of performance share plans or employee share
ownership transactions of the Company.
Details on the Share Buyback Programme can be found in the 2018
Reference Document (Chapter 5 - Board of Directors’ Report on the
resolutions presented to the Shareholders’ Meeting), which is
available on the Company’s website
(https://www.airliquide.com/investors/documents-presentations).
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with
approximately 66,000 employees and serves more than 3.6 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
company’s activities since its creation in 1902.
Air Liquide’s ambition is to be a leader in its industry,
deliver long term performance and contribute to sustainability. The
company’s customer-centric transformation strategy aims at
profitable growth over the long term. It relies on operational
excellence, selective investments, open innovation and a network
organization implemented by the Group worldwide. Through the
commitment and inventiveness of its people, Air Liquide leverages
energy and environment transition, changes in healthcare and
digitization, and delivers greater value to all its
stakeholders.
Air Liquide’s revenue amounted to 21 billion euros in 2018 and
its solutions that protect life and the environment represented
more than 40% of sales. Air Liquide is listed on the Euronext Paris
stock exchange (compartment A) and belongs to the CAC 40, EURO
STOXX 50 and FTSE4Good indexes.
www.airliquide.com
Follow us on Twitter @airliquidegroup
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