Technip Energies Share Buyback Report Overview and Insights
Technip Energies Share Buyback Activities Unveiled
In line with established regulations surrounding share repurchases, Technip Energies has announced its recent share buyback transactions over a specific period. The buyback strategy is a crucial element for many companies looking to enhance shareholder value and manage their capital effectively.
Insights on Buyback Transactions
During the week of share buybacks, Technip Energies organized multiple transactions, which were executed under a discretionary mandate granted to an investment services provider. This organization is responsible for independently making decisions regarding the acquisition of the company's shares.
As part of the buyback program, the transactions gathered significant attention due to their implications for both the company and its investors. Such activities highlight the ongoing commitment of Technip Energies to optimize its capital structure and ensure that shareholders are adequately rewarded.
Details of Buyback Transactions
The following details summarize the transactions executed during the reported week:
Name of the Issuer | Identity Code of the Issuer | Date of Transaction | Identity Code of the Financial Instrument | Total Daily Volume (in Shares) | Daily Weighted Average Purchase Price | Market (MIC Code) |
TECHNIP ENERGIES NV | 724500FLODI49NSCIP70 | 9/16 | NL0014559478 | 28,000 | 21.66 | XPAR |
TECHNIP ENERGIES NV | 724500FLODI49NSCIP70 | 9/17 | NL0014559478 | 26,600 | 22.32 | XPAR |
TECHNIP ENERGIES NV | 724500FLODI49NSCIP70 | 9/18 | NL0014559478 | 26,600 | 22.63 | XPAR |
TECHNIP ENERGIES NV | 724500FLODI49NSCIP70 | 9/19 | NL0014559478 | 26,600 | 22.69 | XPAR |
TECHNIP ENERGIES NV | 724500FLODI49NSCIP70 | 9/20 | NL0014559478 | 26,600 | 23.12 | XPAR |
Total | 134,400 | 22.47 |
Share Utilization and Future Plans
In addition to the buybacks aimed at enhancing shareholder returns, these shares are also earmarked for fulfilling the company’s obligations under equity compensation plans. This indicates a well-rounded strategy that not only centralizes shareholder value enhancement but also invests in talent retention and incentives.
The detailed volume of shares acquired for this purpose showcases Technip Energies' proactive approach to meeting its commitments. Here are some highlights from the utilized shares:
Name of the Issuer | Identity | Date of Transaction | Identity Code of the Financial Instrument | Total Daily Volume (in Shares) | Daily Weighted Average Purchase Price | Market (MIC Code) |
TECHNIP ENERGIES NV | 724500FLODI49NSCIP70 | 9/16 | NL0014559478 | 12,000 | 21.65 | XPAR |
TECHNIP ENERGIES NV | 724500FLODI49NSCIP70 | 9/17 | NL0014559478 | 11,400 | 22.33 | XPAR |
TECHNIP ENERGIES NV | 724500FLODI49NSCIP70 | 9/18 | NL0014559478 | 11,400 | 22.63 | XPAR |
TECHNIP ENERGIES NV | 724500FLODI49NSCIP70 | 9/19 | NL0014559478 | 11,400 | 22.68 | XPAR |
TECHNIP ENERGIES NV | 724500FLODI49NSCIP70 | 9/20 | NL0014559478 | 11,400 | 23.12 | XPAR |
Total | 57,600 | 22.47 |
Conclusion and Corporate Overview
Ultimately, these share buyback maneuvers serve not only to enhance the profile of Technip Energies in the stock market but also underline their strategy towards a sustainable and innovative energy future. Such efforts reflect the company's dedication to maximizing shareholder value while continuing to drive energy transition initiatives.
About Technip Energies
Technip Energies stands as a pivotal Engineering & Technology firm aimed at fostering energy transition. The organization plays a significant role in sectors such as Liquefied Natural Gas (LNG), hydrogen production, and sustainable chemistry. With a workforce of around 16,000 people active in 34 countries, Technip Energies is committed to delivering innovative solutions that not only meet market demands but also contribute to a greener future.
Frequently Asked Questions
What is the purpose of Technip Energies' share buyback program?
The share buyback program aims to enhance shareholder value by repurchasing shares, which can also be used for fulfilling obligations under equity compensation plans.
How many shares were bought back during the report period?
A total of 134,400 shares were purchased as part of the buyback activities from September 16 to September 20.
What was the average purchase price for the shares acquired?
The average purchase price for the shares bought back over the reported period was approximately 22.47.
Who manages the share buyback transactions?
An investment services provider manages the share buyback transactions, making independent decisions regarding the acquisitions.
Where can I find more information about Technip Energies?
For more details about Technip Energies and their initiatives, you can visit their official website.
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