L Air Liquide - AIQUY STOCK NEWS

Air Liquide Finance has announced cash tender offers to purchase up to $350,000,000 of its 2.500% Notes due 2026 and $100,000,000 of its 3.500% Notes due 2046. The total maximum principal amount for both notes could reach $500,000,000. The tender offers, set to expire on April 11, 2023, allow holders to withdraw notes until March 28, 2023. An Early Tender Payment of $50 per $1,000 will be provided for notes tendered before the early deadline. Payments will occur on March 31, 2023 and April 14, 2023 depending on when the notes are tendered.

Air Liquide announces the departure of Fabienne Lecorvaisier, Executive Vice President, effective May 4, 2023. Lecorvaisier has chosen to focus on non-executive roles after a significant career at Air Liquide since 2008, where she served as CFO and later as Executive Vice President. Diana Schillag, currently overseeing Healthcare activities, will take on additional responsibilities for Sustainable Development and the Group’s Societal Programs. In 2022, Air Liquide achieved over 29.9 billion euros in revenue, showcasing its strong market presence across 73 countries, serving more than 3.9 million customers.

Air Liquide disclosed its share and voting rights in a regulatory update, revealing that as of February 28, 2023, it had 523,517,246 total shares and 523,517,246 total voting rights, including treasury shares. Excluding treasury shares, the total voting rights stand at 521,747,796. This marks a slight increase from January 2023, where total shares were 523,461,100 and total voting rights were 523,461,100, with 522,239,850 voting rights excluding treasury shares. Air Liquide continues to operate in 73 countries, with a focus on innovation and sustainability as part of its strategic plan for 2025.

The 2022 Universal Registration Document for Air Liquide, submitted to the French Financial Markets Authority on March 2, 2023, contains the annual Financial Report, corporate governance report, and details on its share buyback program. The company's revenue surpassed 29.9 billion euros in 2022, underscoring its market leadership in gases and services for industry and health. Key upcoming events include the 2023 first quarter revenue release on April 27, 2023 and the Combined General Meeting on May 3, 2023, with dividend announcements scheduled for May.

Air Liquide's Board of Directors announced a share capital increase due to the exercise of stock options from June 1, 2022, to December 31, 2022. A total of 172,840 new shares were issued, raising the share capital to 2,878,976,490.50 euros, divided into 523,450,271 shares, each with a par value of 5.50 euros. The company reported revenues exceeding 29.9 billion euros in 2022 and continues to focus on innovation and climate solutions, particularly in hydrogen. Air Liquide is part of several major stock indices, including CAC 40 and EURO STOXX 50.

The Combined General Meeting of Air Liquide will take place in Paris on May 3, 2023, at 3 p.m. This meeting will discuss the group's strategy and development prospects, with a preliminary notice published today in the French legal gazette. Shareholders can participate in various ways, including voting online or by proxy. Key dates include the dividend ex-date on May 15, 2023, and the dividend payment date on May 17, 2023. Air Liquide reported a revenue of over 29.9 billion euros in 2022 and operates in 73 countries, focusing on innovation and sustainable solutions in gases and services.

Air Liquide has signed two Power Purchase Agreements (PPAs) for 260 MW of renewable energy with TotalEnergies and Mulilo for its operations in Secunda, South Africa. This marks the second PPA set between Air Liquide and Sasol, adding to the previously announced 220 MW with Enel Green Power. Together, the PPAs total 480 MW as part of a larger initiative targeting 900 MW of renewable energy by 2025. These efforts aim to significantly reduce CO₂ emissions and support local power systems, aligning with Air Liquide’s commitment to decarbonization and sustainability.

Air Liquide has entered a share purchase agreement for 550,000 shares as part of its approved Share Buyback Program. This agreement, signed on February 17^th, 2023, aligns with the Company's strategy to enhance shareholder value. The shares, representing less than 0.11% of share capital, will be acquired at a maximum price of €250 per share, with an initial purchase price of €148.38 per share, totaling approximately €81.6 million. The purchased shares will be partly canceled and partly used for performance share plans, further strengthening investor confidence.

Air Liquide reported a robust performance in its FY 2022 results, with revenues of €29,934 million, a notable increase of +28.3% year-on-year. Adjusting for currency and energy impacts, the growth stood at +7.0%. Gas & Services, accounting for 95% of revenue, grew by +6.1%. Operating Income Recurring (OIR) rose +16.9% to €4,862 million, with a margin of 16.2%. Net profit increased +7.3% to €2,759 million. The company proposes a dividend of €2.95 per share, reflecting a +12.2% rise. Air Liquide also highlights its strategic plan ADVANCE aimed at enhancing low-carbon technologies. The firm maintains its target for carbon neutrality by 2050 while achieving efficiencies of €378 million amid high energy costs.