Technip Energies Share Buyback Report: August 2024 Analysis
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Technip Energies Share Buyback Overview
In line with regulatory requirements for share repurchases, Technip Energies (PARIS:TE) has reported its share buybacks conducted from August 12 to August 16, 2024. These transactions are part of their broader buyback program, which is executed under a discretionary mandate given to an investment services provider. This provider independently makes decisions concerning the acquisition of Technip Energies shares, enhancing the company’s strategic position in the market.
Details of Share Buybacks
Shares Canceled
The following information outlines the significant transactions for the buyback period:
Name of the Issuer: TECHNIP ENERGIES NV
Identity Code of the Issuer: 724500FLODI49NSCIP70
Transaction Summary:
Date: 8/12/2024
Daily Volume: 30,100 shares
Average Purchase Price: €20.799249
Market Code: XPAR
Date: 8/13/2024
Daily Volume: 30,100 shares
Average Purchase Price: €20.582157
Market Code: XPAR
Date: 8/14/2024
Daily Volume: 30,100 shares
Average Purchase Price: €20.670654
Market Code: XPAR
Date: 8/15/2024
Daily Volume: 30,100 shares
Average Purchase Price: €20.633120
Market Code: XPAR
Date: 8/16/2024
Daily Volume: 30,100 shares
Average Purchase Price: €20.870525
Market Code: XPAR
Total Transactions: 150,500 shares at an average price of €20.711141.
Equity Compensation Plans
In addition, shares were acquired for equity compensation obligations as outlined below:
Name of Issuer: TECHNIP ENERGIES NV
Identity Code: 724500FLODI49NSCIP70
Date: 8/12/2024
Daily Volume: 12,900 shares
Average Purchase Price: €20.799851
Date: 8/13/2024
Daily Volume: 12,900 shares
Average Purchase Price: €20.579091
Date: 8/14/2024
Daily Volume: 12,900 shares
Average Purchase Price: €20.671267
Date: 8/15/2024
Daily Volume: 12,900 shares
Average Purchase Price: €20.628660
Date: 8/16/2024
Daily Volume: 12,900 shares
Average Purchase Price: €20.870171
Total Equity Compensation Shares: 64,500 shares at an average price of €20.709808.
Conclusion
For comprehensive insights regarding the transactions and the objectives underlying the share buybacks, stakeholders and interested parties are encouraged to delve into the detailed statements available on Technip Energies' investor relations resources.
About Technip Energies
Technip Energies is a premier Engineering & Technology company focused on energy transition. The company holds significant positions in Liquefied Natural Gas (LNG), hydrogen, and ethylene, with developing sectors in blue and green hydrogen, sustainable chemistry, and CO2 management. Their strong project execution model is reinforced by a wide-ranging service spectrum that includes technology and products.
Operating across 34 countries, Technip Energies employs 16,000 dedicated professionals committed to bringing innovative client projects to fruition, thereby advancing the energy transition for a sustainable future.
Technip Energies is listed on Euronext Paris and offers a Level 1 sponsored American Depositary Receipts (ADRs) program, with ADRs tradable over-the-counter.
Contact Information
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
1. What is the purpose of Technip Energies' share buybacks?
The share buybacks are aimed at enhancing shareholder value and managing the company's equity structure effectively.
2. How many shares were repurchased during the reported week?
Technip Energies repurchased a total of 150,500 shares during the week from August 12 to August 16, 2024.
3. What markets does Technip Energies operate in?
Technip Energies operates in 34 countries, focusing on various sectors related to energy transition and technology.
4. Who can be contacted for investor relations at Technip Energies?
Phillip Lindsay, Vice-President, Investor Relations, can be contacted at +44 203 429 3929.
5. Where can detailed information on share transactions be found?
Stakeholders can find detailed information in the official release from Technip Energies, typically available on their investor relations platform.
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