L Air Liquide - AIQUY STOCK NEWS

Air Liquide Finance has announced the final results of its cash offers to purchase outstanding notes. The company accepted $315,014,000 of its 2.500% Notes due 2026 and $67,679,000 of its 3.500% Notes due 2046. The total principal amounts accepted show a full purchase of validly tendered notes without proration. Holders who tendered notes by April 11, 2023, are eligible for an Early Tender Payment of $50 per $1,000 principal. Payment for notes tendered after the Early Tender Time is scheduled for April 14, 2023. This announcement serves as an informational update and includes forward-looking statements that are subject to risks and uncertainties affecting future results.

Air Liquide announces the availability of its Pre-Q1 2023 sales communication document on its corporate website. This document is designed to aid in financial modeling of the Group’s performance. Q1 2023 revenue figures will be released on April 27, 2023. With over 29.9 billion euros in revenue for 2022, Air Liquide operates in 73 countries and serves more than 3.9 million customers. The company is focusing on new markets and aims to combine financial performance with environmental goals through its ADVANCE strategic plan for 2025, emphasizing innovation and solutions for climate and energy transitions.

Air Liquide has released a declaration as of March 31, 2023, detailing its total number of shares and voting rights. The total number of shares stands at 523,602,853, with a total of 523,602,853 voting rights, and 521,835,153 voting rights excluding treasury shares. This marks an increase from the previous declaration in February 2023, which reported 523,517,246 shares and 521,747,796 voting rights excluding treasury shares. Air Liquide continues to strengthen its market position in the gas and healthcare sectors, focusing on sustainability and innovation.

Air Liquide (Paris:AI) has announced the pricing of cash purchase offers for its outstanding 2.500% Notes due 2026 and 3.500% Notes due 2046. The Total Consideration for each $1,000 principal amount includes an Early Tender Payment of $50 and is calculated based on the Reference Yield of U.S. Treasury Securities. Holders who tender their Notes by the Early Tender Time will receive the Total Consideration, including accrued interest, with the Early Settlement Date set for March 31, 2023. The Expiration Time for the Tender Offers is April 11, 2023. The announcements underscore Air Liquide's ongoing commitment to optimizing its financial structure.

Air Liquide announced an increase in the Maximum Tender Amount to $400,000,000 for its Tender Offer to purchase cash for its 2.500% Notes due 2026. The early results revealed that as of March 28, 2023, $314,214,000 of the 2.500% Notes and $67,679,000 of the 3.500% Notes due 2046 were tendered and accepted. The early tender payment of $50 applies for notes tendered by April 11, 2023. Payment for accepted notes will occur by March 31, 2023. The company emphasizes compliance with securities laws and urges holders to read the Offer to Purchase before making decisions.

Air Liquide has announced the construction of an industrial-scale ammonia cracking pilot plant in Antwerp, Belgium. This innovative facility aims to convert ammonia into hydrogen, facilitating long-distance hydrogen transport with an optimized carbon footprint. The project is part of Air Liquide's commitment to the low-carbon hydrogen value chain, with an investment of approximately 8 billion euros by 2035. The Flemish Government will provide financial support for the initiative, which is expected to be operational in 2024. This development underscores Air Liquide's strategy to position itself as a leader in the hydrogen market, contributing significantly to the energy transition.

Air Liquide is set to invest approximately 60 million euros to modernize two Air Separation Units (ASUs) in Tianjin, China, aligning with a renewed supply contract with Tianjin Bohua Yongli Chemical Industry Co., Ltd. This initiative will transition the ASUs from steam to electrical power, reducing annual CO₂ emissions by about 370,000 tonnes, equivalent to the emissions of over one million Chinese households. The units, expected to be operational by mid-2024, will boost oxygen production capacity to ~4,000 tons/day. Discussions for Power Purchase Agreements may further enhance emission reductions.

The Combined General Meeting of Air Liquide is scheduled for May 3, 2023, at 3 p.m. in Paris. Shareholders will discuss the 2022 financial results, the company’s strategic outlook, and vote on several resolutions including the dividend proposal and appointments of new directors. Important dates include the ex-dividend date on May 15, 2023 and dividend payment on May 17, 2023. The meeting will also cover share capital increases and other corporate governance issues, enhancing shareholder participation through various voting methods.