On November 19, 2024, Air Products and Chemicals, Inc. (the “Company”) issued the following
press release:
Air Products and Chemicals, Inc.
1940 Air Products Boulevard, Allentown, PA 18106-5500
www.airproducts.com
Air Products Issues
Statement
LEHIGH VALLEY, Pa., (November 19, 2024) – Air Products (NYSE:APD) today issued the following statement regarding the nomination of
director candidates by Mantle Ridge for election to the Air Products Board of Directors at the Company’s 2025 Annual Meeting:
Air Products’
Board of Directors has received Mantle Ridge’s nomination notice and director nominees. The Board will present its formal recommendation regarding director nominees in the Company’s proxy materials to be filed with the Securities and
Exchange Commission in due course. Air Products shareholders are not required to take any action at this time.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and
emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing,
medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world’s largest clean hydrogen projects, supporting the transition to
low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery,
membrane systems and cryogenic containers globally.
The Company had fiscal 2024 sales of $12.1 billion from operations in approximately 50 countries
and has a current market capitalization of over $65 billion. Approximately 23,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products’ higher purpose to create innovative solutions that benefit
the environment, enhance sustainability and reimagine what’s possible to address the challenges facing customers, communities, and the world. For more information, visit www.airproducts.com or follow us on LinkedIn, X,
Facebook or Instagram.
This release contains “forward-looking statements” within the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking
statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from
projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended
September 30, 2023 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements
contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.
