Overview of Technip Energies Share Buybacks
In compliance with regulatory standards for share repurchases, Technip Energies (PARIS:TE) has disclosed its buyback activities that took place from August 12 to August 16, 2024. These transactions are part of a larger buyback initiative, which is managed under a discretionary mandate assigned to an investment services provider. This provider independently decides on the acquisition of Technip Energies shares, thereby strengthening the company’s strategic position in the marketplace.
Share Buyback Details
Shares Canceled
Here are the key transactions from 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 purchased at an average price of €20.711141.
Equity Compensation Plans
Additionally, shares were acquired to meet equity compensation obligations as detailed 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 a deeper understanding of the transactions and the motivations behind the share buybacks, stakeholders and interested individuals are encouraged to explore the detailed statements provided on Technip Energies' investor relations resources.
About Technip Energies
Technip Energies is a leading Engineering & Technology firm dedicated to energy transition. The company plays a significant role in Liquefied Natural Gas (LNG), hydrogen, and ethylene sectors, while also developing areas in blue and green hydrogen, sustainable chemistry, and CO2 management. Their robust project execution model is supported by a comprehensive range of services, including technology and products.
With operations in 34 countries, Technip Energies employs 16,000 committed professionals who strive to deliver innovative projects for clients, thus promoting energy transition towards a sustainable future.
Technip Energies is listed on Euronext Paris and offers a Level 1 sponsored American Depositary Receipts (ADRs) program, with ADRs available for over-the-counter trading.
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 intended to enhance shareholder value and effectively manage the company's equity structure.
2. How many shares were repurchased during the reported week?
During the week from August 12 to August 16, 2024, Technip Energies repurchased a total of 150,500 shares.
3. What markets does Technip Energies operate in?
Technip Energies operates across 34 countries, focusing on various sectors related to energy transition and technology.
4. Who can be contacted for investor relations at Technip Energies?
For investor relations, you can reach Phillip Lindsay, Vice-President, at +44 203 429 3929.
5. Where can detailed information on share transactions be found?
Detailed information is available in the official release from Technip Energies, typically found on their investor relations platform.
