Overview of Technip Energies Share Buyback Activities
In line with regulatory obligations regarding share buybacks, Technip Energies (PARIS:TE) has publicly reported its purchase activities from August 26 to August 30. These activities highlight the company's strategic approach to managing its own shares in the market.
Details of the Share Buyback Program
The share buyback transactions were executed as part of an ongoing program featuring discretionary mandates. This means an investment service provider was entrusted with the authority to autonomously decide on the acquisition of shares for Technip Energies.
Purchases During the Reporting Period
Over the specified period, a total of 146,300 shares were acquired at a daily weighted average price of €20.87. The detailed volume and prices for each day are as follows:
Daily Transaction Breakdown
On August 26, the company purchased 30,100 shares at an average price of €20.49. The next day, August 27, again saw another 30,100 shares bought, this time at €20.63. Following this, on August 28, the same volume of shares was acquired at an average price of €20.74.
August 29 was slightly less active, with 28,000 shares purchased at €21.12. Finally, on August 30, Technip Energies bought 28,000 shares at an average price of €21.43. A cumulative total of shares acquired showcases the company's commitment to its buyback strategy.
Usage of Acquired Shares
Apart from acquiring its shares for market management purposes, Technip Energies is also focused on meeting its obligations under equity compensation plans. During the same reporting period, 62,700 shares were purchased for this specific purpose, with a daily average cost slightly lower at €20.87.
Market Impact
Such share acquisition strategies by Technip Energies can have several positive consequences. By reducing the number of shares available in the market, the company can potentially increase the stock’s value, rewarding shareholders and attracting new investors.
About Technip Energies
Technip Energies stands out as a prominent Engineering & Technology powerhouse pivotal to the energy transition narrative. Renowned for its leadership in Liquefied Natural Gas (LNG), hydrogen, and ethylene production, Technip Energies is also adapting to emerging markets focused on sustainable solutions, including green hydrogen and CO2 management.
With operations extending across 34 countries and a workforce of 16,000 dedicated professionals, Technip Energies is fully engaged in transforming its clients' innovative visions into reality. This commitment is integral in facilitating a successful energy transition for a more sustainable planet.
Contact and Additional Resources
For those interested in a deeper dive into the company's stock activities and overall performance, Technip Energies invites stakeholders to review their comprehensive resources. For more information, you can visit www.ten.com.
Frequently Asked Questions
What is the purpose of Technip Energies’ share buyback program?
The share buyback program aims to enhance shareholder value by managing the company's stock and fulfilling obligations under equity compensation plans.
How many shares were acquired during the reporting period?
A total of 146,300 shares were purchased for market management, alongside 62,700 shares for equity compensation obligations.
What is the average price of the shares acquired?
The average purchase price across the reporting period was €20.87 per share for the buyback activities.
How can I learn more about Technip Energies?
To explore more about Technip Energies, including their projects and industry presence, you can check their official website at www.ten.com.
Who can I contact for investor relations at Technip Energies?
For investor inquiries, you can reach Phillip Lindsay, Vice-President of Investor Relations, via telephone at +44 203 429 3929 or email.
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