Technip Energies Announces a Share Buy-back Program
Technip Energies (PARIS:TE) has recently communicated the initiation of a share buy-back program valued at up to €45 million. This program is aimed at fulfilling the Company’s obligations under its equity compensation plans and demonstrates its commitment to enhancing shareholder value. The total number of shares that may be repurchased during this program is capped at 1.5 million, and activities are set to continue until December 31, 2025.
Share Buy-back Program Details
With the decision made by Technip’s Board of Directors, the program will be executed in alignment with the regulations stipulated in Article 5 of the Market Abuse Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. This strategic move underlines the Company’s dedication to adhering to legal and regulatory frameworks while pursuing value enhancement initiatives.
Authorization for Share Repurchases
The authorization for the share buy-back was granted during the Annual General Meeting held on May 6, empowering Technip to acquire up to 10% of its issued share capital over a period of 18 months. The share repurchases may be executed at prices ranging from the nominal value up to a maximum of 110% of the market price. These measures are intended for various purposes, including the return of capital to shareholders and the fulfillment of obligations connected to equity compensation plans.
Current Treasury Shares and Future Plans
As of April 30, 2025, Technip Energies held 1,695,974 treasury shares, which constitute approximately 0.95% of its issued share capital. These shares are set aside to meet the requirements under the Company’s equity compensation strategies. To efficiently execute the buy-back plan, Technip has appointed a broker who will operate independently in making purchase decisions, ensuring compliance with daily price limits and volume regulations.
Repurchase Pricing and Market Conditions
The price paid for the shares acquired under the buy-back program will be dictated by the greater of the last independent trade price or the highest current independent bid on the Euronext Paris market. This ensures that the share repurchase aligns with market dynamics while obtaining optimal value for the Company and its stakeholders.
Potential Impact and Considerations
The actual number, timing, and overall value of shares bought back will be influenced by market conditions, the general business environment, and legal stipulations. The €45 million reserved for this initiative excludes potential ancillary costs associated with the repurchase transactions. While Technip is not obligated to continue this program, it retains the right to suspend or terminate activities as deemed necessary, adhering strictly to applicable laws and regulations.
Transparency and Regulatory Compliance
As part of its regulatory obligations, Technip will provide timely press releases detailing the share repurchases undertaken during the program. This transparency will ensure that all stakeholders are informed about the Company's progress and adherence to regulations. These press releases will also be accessible on Technip’s official website, ensuring convenient access to updated information.
About Technip Energies
Technip Energies is recognized for its global leadership in technology and engineering, particularly in energy and decarbonization sectors. The Company excels in domains like LNG, hydrogen, ethylene production, sustainable chemistry, and CO2 management. With over 17,000 employees across 34 countries, it is dedicated to fostering sustainable practices in energy markets, committing to innovation and proficient execution.
The Company reported an impressive revenue of €6.9 billion in the previous financial year and continues to maintain its listing on Euronext Paris. Technip Energies is also available for trading through American Depositary Receipts in the over-the-counter market.
Frequently Asked Questions
What is the purpose of Technip Energies' share buy-back program?
The share buy-back program aims to fulfill the Company's obligations under equity compensation plans while enhancing shareholder value.
How much is allocated for the share buy-back program?
Technip Energies has allocated up to €45 million for the share buy-back program.
Who is executing the share buy-back program?
A broker has been appointed to independently execute the share buy-back program in compliance with applicable regulations.
What regulations govern the share buy-back program?
It will adhere to the provisions of Article 5 of the Market Abuse Regulation (EU) 596/2014 and Commission Delegated Regulation (EU) 2016/1052.
Can the share buy-back program be suspended?
Yes, the Company reserves the right to suspend or discontinue the share buy-back program at any time without prior notice, depending on market conditions and other factors.
