Technip Energies Announces Launch of Share Buy-Back Program
Technip Energies (PARIS:TE) (the “Company”), a leading Engineering & Technology company for the Energy Transition, today announces the launch of a share buy-back program of up to €100 million (the “Share Buy-back Program”), with up to €70 million to be used to purchase common shares for cancellation and up to €30 million to be used to fulfill the Company's obligations under equity compensation plans.
- Technip Energies (PARIS:TE) (the “Company”), a leading Engineering & Technology company for the Energy Transition, today announces the launch of a share buy-back program of up to €100 million (the “Share Buy-back Program”), with up to €70 million to be used to purchase common shares for cancellation and up to €30 million to be used to fulfill the Company's obligations under equity compensation plans.
- The maximum number of shares that can be acquired under the Share Buy-back Program is 5 million shares.
- Following renewal of the repurchase authorization, share repurchases under the Share Buy-back Program will be carried out pursuant to the authorization granted at the 2024 AGM.
- The Company is not obligated to carry out the Share Buy-back Program, and, if commenced, the Share Buy-back Program may be suspended or discontinued at any time, for any reason and without previous notice, in accordance with applicable laws and regulations.