TechnipFMC Announces Approval of the European Prospectus Relating to the Listing of Technip Energies Shares on Euronext Paris

Rhea-AI Summary

TechnipFMC plc (NYSE:FTI) announced that the Dutch Authority for the Financial Markets has approved the prospectus for the admission of Technip Energies N.V. shares on Euronext Paris. This follows the planned separation into two independent, publicly traded companies, with TechnipFMC shareholders receiving a 50.1% stake in Technip Energies. Trading is set to begin on February 16, 2021, subject to regulatory approvals. The technical reference price will be announced on February 15, 2021. More details are available on TechnipFMC's investor relations website.

Positive

• Approval of Technip Energies N.V. shares for listing on Euronext Paris.
• Shareholders will receive a 50.1% stake in Technip Energies, enhancing shareholder value.
• The separation positions TechnipFMC and Technip Energies as independent, industry-leading companies.

Negative

• None.

Regulatory News:

TechnipFMC plc (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) today announced that the Dutch Authority for the Financial Markets (Stichting Autoriteit Financiële Markten) has approved the prospectus relating to the admission to listing and trading of the shares of Technip Energies N.V. (“Technip Energies”) on the regulated market of Euronext Paris (the “European Prospectus”) in connection with its announced separation into two industry-leading, independent, publicly traded companies in the form of a share dividend to TechnipFMC shareholders of a 50.1% stake in Technip Energies.

Subject to satisfaction of customary conditions and receipt of regulatory approvals, Technip Energies will become an independent public company and its shares will commence trading on Euronext Paris at market open at 9:00 a.m. CET on February 16, 2021.

The technical reference price for the Technip Energies shares will be announced on February 15, 2021 through issuance of a notice by Euronext Paris S.A. after market close on Euronext Paris.

The European Prospectus is available on the websites of TechnipFMC (https://investors.technipfmc.com) and Technip Energies (www.technipenergies.com) and has been passported to the French Authority for the Financial Markets (Autorité des marchés financiers).

Important Information for Investors and Securityholders

About TechnipFMC

TechnipFMC is a global leader in the energy industry; delivering projects, products, technologies and services. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our customers’ project economics.

Organized in three business segments — Subsea, Surface Technologies and Technip Energies — we are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our customers in developing their energy resources and in their positioning to meet the energy transition challenge.

Each of our approximately 36,000 employees is driven by a steady commitment to clients and a culture of project execution, purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.

TechnipFMC utilizes its website www.TechnipFMC.com as a channel of distribution of material company information. To learn more about us and how we are enhancing the performance of the world’s energy industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.

Forward-looking statements

This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Words such as “expect,” “plan,” “intend,” “would,” “will,” and similar expressions are intended to identify forward-looking statements, which are generally not historical in nature, and include any statements with respect to the potential separation of the Company into TechnipFMC and Technip Energies, the expected financial and operational results of TechnipFMC and Technip Energies after the potential separation and expectations regarding TechnipFMC’s and Technip Energies’ respective capital structures, businesses or organizations after the potential separation. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the U.S. Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, our filings with the Autorité des marchés financiers or the U.K. Financial Conduct Authority, as well as the following:

• risks associated with disease outbreaks and other public health issues, including the coronavirus disease 2019, their impact on the global economy and the business of our company, customers, suppliers and other partners, changes in, and the administration of, treaties, laws, and

FAQ

What is the latest announcement from TechnipFMC regarding Technip Energies?

TechnipFMC announced the approval of the prospectus for Technip Energies' shares to be listed on Euronext Paris.

When will Technip Energies start trading publicly?

Technip Energies is expected to commence trading on February 16, 2021.

What stake will TechnipFMC shareholders receive in Technip Energies?

TechnipFMC shareholders will receive a 50.1% stake in Technip Energies as part of the separation.

Where can I find the prospectus for Technip Energies?

The prospectus is available on TechnipFMC's investor relations website and Technip Energies' website.