Practical guide

Understanding loyalty-bonus conditions

The same bonus percentage can come with different dates and procedures. Read these three programmes together to understand the conditions documented by each issuer.

This is a selected comparison of conditions, not a ranking or a recommendation to buy, sell or move shares. A bonus is conditional; it does not establish an investment return.

Registration, account wrapper and intermediary

Direct registered holding means nominatif pur. Registered holding through an intermediary means nominatif administré; issuers also call this intermediary, managed or indirectly registered holding. A PEA is an account wrapper, not proof of registered status or bonus eligibility. Support for registration and PEA services varies by financial institution.

Follow the issuer’s official procedure, including its designated registrar or financial institution where specified. Never send identity, banking or shareholding documents to Actionary.

Three programmes, the same questions

Documented benefit

Air Liquide

Eligible registered shares receive 10% more on dividends and on the number of free shares when an attribution occurs.

The number of shares eligible for the loyalty bonus is limited to 0.5% of the company’s capital per shareholder.

L'Oréal

A 10% dividend increase for eligible shares held continuously in registered form.

The bonus applies to shares representing at most 0.5% of share capital per shareholder, measured at the previous financial year-end. Shares above that limit receive the ordinary dividend.

ENGIE

A 10% dividend increase for eligible registered ENGIE shares.

ENGIE states a cap of 0.5% of share capital per shareholder for the bonus dividend.

Registered holding requirement

Air Liquide

Direct registered or intermediary registered holding.

L'Oréal

Directly registered or managed registered holding.

ENGIE

Directly registered or indirectly registered holding.

Holding period and continuity

Air Liquide

Registered shares held for at least two full calendar years, and still held on the dividend payment date or the day before a free-share attribution.

L'Oréal

Shares must be registered in the shareholder's name and held continuously in registered form for two full calendar years.

ENGIE

ENGIE shares must be held in registered form, directly or indirectly, for at least two continuous full calendar years up to the dividend payment date.

2026 registration / submission dates

Air Liquide

Conversion completed before 29 December 2026; registered holding throughout 2027 and 2028 for first possible eligibility in 2029. Purchases on 30 or 31 December 2026 are recorded in 2027 and become eligible from 2030.

L'Oréal

Registration completed by 31 December 2026; continuous registered holding in 2027 and 2028 for a first possible bonus from 2029.

The main page describes sending the form to the financial institution, suggested by 16 December 2026; the FAQ says before 16 December, to Uptevia. Confirm the recipient and deadline with the issuer or intermediary.

ENGIE

Registration completed before 31 December 2026; continuous registered holding in 2027 and 2028 and through payment for first possible eligibility in 2029, on the 2028 dividend. Registration may take several weeks and incur costs.

PEA route and qualifications

Air Liquide

PEA at a financial institution: intermediary registration. Air Liquide cannot open or receive a directly registered PEA. Confirm the institution’s service and any conversion fees.

L'Oréal

Shares kept in a PEA use managed registration. L’Oréal describes direct registration only outside a PEA. Confirm the service with the institution.

ENGIE

ENGIE describes bonus eligibility for a French tax resident’s registered shares in a PEA. It reports that banks favour intermediary registration because administration is complex. Each institution’s support remains to be confirmed.

Official next step

Air Liquide

The issuer links a conversion form to send to the financial institution, or an online route where that institution offers it. The bonus is automatic for already qualifying registered shares.

Read the issuer’s procedure ↗
L'Oréal

The main page describes sending the form to the financial institution, suggested by 16 December 2026; the FAQ says before 16 December, to Uptevia. Confirm the recipient and deadline with the issuer or intermediary.

The managed-registration process must be repeated for newly purchased shares. Processing times vary by institution and custody fees may increase.

Read the issuer’s procedure ↗
ENGIE

Already qualifying registered shares need no application. For bearer shares, ENGIE links a registration form to send to the bank.

Read the issuer’s procedure ↗

Detailed conditions and sources

Source-check dates appear with each source below. They record Actionary’s checks, not programme deadlines or holding periods, and do not imply issuer approval or unchanged terms. Linked pages may be in another language.

Air Liquide — Dates and practical conditionsFull programme record
Documented benefit
Eligible registered shares receive 10% more on dividends and on the number of free shares when an attribution occurs.
Holding period and continuity

Registered shares held for at least two full calendar years, and still held on the dividend payment date or the day before a free-share attribution.

Direct registered or intermediary registered holding.

Dates and practical conditions
  • The bonus is automatic for qualifying registered shares.
  • Conversion completed before 29 December 2026; registered holding throughout 2027 and 2028 for first possible eligibility in 2029. Purchases on 30 or 31 December 2026 are recorded in 2027 and become eligible from 2030.
  • PEA at a financial institution: intermediary registration. Air Liquide cannot open or receive a directly registered PEA. Confirm the institution’s service and any conversion fees.
Limits and points to confirm

No minimum quantity was stated on the checked source. Eligibility is tied to registered holding form and holding period.

The number of shares eligible for the loyalty bonus is limited to 0.5% of the company’s capital per shareholder.

Official procedure

The issuer links a conversion form to send to the financial institution, or an online route where that institution offers it. The bonus is automatic for already qualifying registered shares.

Read the issuer’s procedure ↗

Official sources

L'Oréal — Dates and practical conditionsFull programme record
Documented benefit
A 10% dividend increase for eligible shares held continuously in registered form.
Holding period and continuity

Shares must be registered in the shareholder's name and held continuously in registered form for two full calendar years.

Directly registered or managed registered holding.

Dates and practical conditions
  • Registration completed by 31 December 2026; continuous registered holding in 2027 and 2028 for a first possible bonus from 2029.
  • Shares kept in a PEA use managed registration. L’Oréal describes direct registration only outside a PEA. Confirm the service with the institution.
  • The managed-registration process must be repeated for newly purchased shares. Processing times vary by institution and custody fees may increase.
Limits and points to confirm

No minimum quantity was stated on the checked source. Eligibility is tied to registered holding form and holding period.

The bonus applies to shares representing at most 0.5% of share capital per shareholder, measured at the previous financial year-end. Shares above that limit receive the ordinary dividend.

Official procedure

The main page describes sending the form to the financial institution, suggested by 16 December 2026; the FAQ says before 16 December, to Uptevia. Confirm the recipient and deadline with the issuer or intermediary.

Read the issuer’s procedure ↗

Official sources

ENGIE — Dates and practical conditionsFull programme record
Documented benefit
A 10% dividend increase for eligible registered ENGIE shares.
Holding period and continuity

ENGIE shares must be held in registered form, directly or indirectly, for at least two continuous full calendar years up to the dividend payment date.

Directly registered or indirectly registered holding.

Dates and practical conditions
  • Shareholders with already qualifying registered shares have no steps to take.
  • Registration completed before 31 December 2026; continuous registered holding in 2027 and 2028 and through payment for first possible eligibility in 2029, on the 2028 dividend. Registration may take several weeks and incur costs.
  • ENGIE describes bonus eligibility for a French tax resident’s registered shares in a PEA. It reports that banks favour intermediary registration because administration is complex. Each institution’s support remains to be confirmed.
Limits and points to confirm

No minimum quantity was stated on the checked source. Eligibility is tied to registered holding form and holding period.

ENGIE states a cap of 0.5% of share capital per shareholder for the bonus dividend.

Official procedure

Already qualifying registered shares need no application. For bearer shares, ENGIE links a registration form to send to the bank.

Read the issuer’s procedure ↗

Official sources

Before relying on a date

Confirm with the issuer or your intermediary the recorded registration date, continuity of holding, any earlier processing deadline, fees and support for the relevant account. Sending a request is not confirmation that registration has completed. No intermediary’s support or processing time has been verified here. Unspecified minimum quantities remain unknown; they do not mean that no conditions apply.