Technip Energies Completes Successful Share Buy-Back Initiative
Technip Energies Completes Successful Share Buy-Back Initiative
Technip Energies N.V. (PARIS: TE) proudly announces the successful completion of its share buy-back program, marking a significant milestone in its ongoing strategy to enhance shareholder value. This initiative was officially announced in a recent communication, showcasing the company's commitment to optimizing capital structure and responding to market dynamics.
Details of the Share Buy-Back Program
Between March 5, 2024, and September 27, 2024, Technip Energies acquired a total of 4,580,640 shares, which accounts for 2.52% of its share capital. The average acquisition price was set at 22.83 euros per share. This action demonstrates the company's proactive approach to managing its shares and nurturing investor confidence.
Strategic Uses of Acquired Shares
As outlined in the initial announcement, the shares acquired through this buy-back program will serve multiple strategic purposes. Firstly, the company intends to reduce its overall share capital by canceling some of the treasury shares. Secondly, these shares will help fulfill Technip Energies' commitments under various equity incentive programs aimed at rewarding employees and aligning their interests with those of shareholders.
Company’s Commitment to Investors
Technip Energies remains dedicated to providing transparency and detail regarding its share buy-back transactions. Comprehensive information about these activities is readily available on the company’s official website, ensuring that investors can stay informed about their investments and the company's financial strategies.
About Technip Energies
Technip Energies has established itself as a trailblazer in the Engineering & Technology sector, particularly concerning energy transition initiatives. The company occupies leadership roles in various sectors, including Liquefied Natural Gas (LNG), hydrogen production, and ethylene technologies. Furthermore, it is expanding its influence in sustainable areas such as blue and green hydrogen, sustainable chemistry, and CO2 management.
With operations spanning 34 countries and a dedicated workforce exceeding 16,000 professionals, Technip Energies is committed to pioneering innovative projects. The company's established project delivery model is reinforced by a diverse array of technological solutions and services, ensuring a robust response to the evolving energy landscape.
Global Presence and Stock Listings
The shares of Technip Energies are listed on the Euronext Paris exchange. Additionally, the company offers a Level 1 sponsored American Depositary Receipts (ADRs) program, allowing investors to purchase its ADRs in over-the-counter markets. This dual-structure not only enhances stock liquidity but also broadens access for global investors.
Contact Information
For further inquiries, please reach out to:
Investor Relations
Phillip Lindsay
Vice-President, Investor Relations
Tel: +44 203 429 3929
Email: Phillip Lindsay
Media Relations
Jason Hyonne
Press Relations & Social Media Lead
Tel: +33 1 47 78 22 89
Email: Jason Hyonne
Frequently Asked Questions
What is the goal of Technip Energies' share buy-back program?
The share buy-back program aims to enhance shareholder value by reducing the number of shares in circulation and fulfilling employee equity incentives.
How many shares did Technip Energies acquire through the buy-back?
Technip Energies acquired a total of 4,580,640 shares, representing 2.52% of its total share capital.
What will happen to the shares acquired in the buy-back?
Acquired shares will be used to cancel treasury shares and to meet obligations under various employee equity incentive plans.
Where can I find more information about Technip Energies?
Detailed information about Technip Energies and its financial activities can be found on the company’s official website.
On which stock exchanges is Technip Energies listed?
Technip Energies is listed on Euronext Paris and offers a Level 1 sponsored American Depositary Receipts (ADRs) program.
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