Overview of Technip Energies' Share Buyback Activities
In line with share buyback regulations, Technip Energies (PARIS:TE) has disclosed significant buyback activities conducted from October 27 to October 31. These actions reflect the company's strategic approach to enhancing shareholder value.
Details of the Share Buyback Program
The company's share repurchase undertaken was executed through a mandated investment services provider, which autonomously makes decisions on acquiring Technip Energies shares. This method emphasizes an independent approach, aiming to optimize the buyback process.
Table Summary of Transactions
During the specified period, several specific transactions were processed. Here is a concise summary, detailing the shares purchased by Technip Energies:
| Name of the issuer | Identity | Day of the transaction | Identity code of the financial instrument | Total daily volume (in number of shares) | Daily weighted average purchase price of the shares | Market (MIC Code) |
| TECHNIP ENERGIES NV | 724500FLODI49NSCIP70 | October 27 | NL0014559478 | 0 | 0.000000 | XPAR |
| TECHNIP ENERGIES NV | 724500FLODI49NSCIP70 | October 28 | NL0014559478 | 0 | 0.000000 | XPAR |
| TECHNIP ENERGIES NV | 724500FLODI49NSCIP70 | October 29 | NL0014559478 | 0 | 0.000000 | XPAR |
| TECHNIP ENERGIES NV | 724500FLODI49NSCIP70 | October 30 | NL0014559478 | 12,500 | 34.780819 | XPAR |
| TECHNIP ENERGIES NV | 724500FLODI49NSCIP70 | October 31 | NL0014559478 | 10,000 | 34.623178 | XPAR |
| TOTAL | TOTAL | 22,500 | 34.710756 |
Insights on Share Buyback Goals
The aim of these repurchases is to create value for existing shareholders and potentially increase stock prices by reducing the overall supply of shares on the market. A strong buyback program often signals to investors that a company is confident in its future cash flows and is committed to returning capital to its shareholders.
About Technip Energies
Technip Energies stands as a leader in technology and engineering solutions, significantly involved in sectors like LNG, hydrogen production, ethylene, sustainable chemistry, and CO2 management. Their role is pivotal in advancing global energy markets and promoting decarbonization initiatives.
With a robust team of over 17,000 employees in 34 countries, Technip Energies strives for a harmonious balance of sustainability and prosperity in its operations.
Financial Highlights
In the previous year, Technip Energies reported revenues reaching €6.9 billion, as listed on Euronext Paris, and its performance also reflects its pedigree in technological innovation and project delivery. The presence of American Depositary Receipts highlights investor interest through diverse investment channels.
Contact Information
Investor Relations
Phillip Lindsay
Vice-President, Investor Relations
Tel: +44 207 585 5051
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 purpose of Technip Energies' share buyback program?
The share buyback program aims to enhance shareholder value by reducing the number of outstanding shares and demonstrating the company's confidence in its financial health.
How many shares were repurchased during the recent buyback?
A total of 22,500 shares were repurchased during the specified buyback period.
What was the average daily purchase price for shares?
The daily weighted average purchase price for the shares was approximately 34.71.
Who can I contact for more information regarding Technip Energies?
For information about investor relations, you can contact Phillip Lindsay. For media inquiries, Jason Hyonne is the appropriate contact.
Where is Technip Energies listed?
Technip Energies is listed on Euronext Paris under the ticker symbol PARIS:TE.
