TechnipFMC plc: Notification of Major Interest in Shares

Rhea-AI Summary

TechnipFMC plc (NYSE: FTI) announced a major shareholding notification from Société Générale SA. As of November 25, 2020, Société Générale holds 4.73% of voting rights, a decrease from the previous 5.33%. The breakdown includes 2.25% from direct shares (5,501,586 ordinary shares and 4,594,306 borrowed shares) and 2.48% from financial instruments. The notification reflects changes in major voting rights, marking a key update for investors in the company.

Positive

• Société Générale holds a total of 4.73% voting rights, indicating significant interest.
• The notification complies with regulatory requirements, ensuring transparency.

Negative

• Société Générale's voting rights decreased from 5.33% to 4.73%, signaling a reduction in ownership.
• The decline in voting rights could indicate a shift in investor sentiment or strategy.

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News:

TechnipFMC plc (NYSE: FTI) (Paris: FTI) (ISIN: GB00BDSFG982) announces that it has received the following notification of major interests in shares.

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			TECHNIPFMC PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligation
Name			Société Générale SA (SG SA)
City and country of registered office (if applicable)			Puteaux, France
4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			25/11/2020
6. Date on which issuer notified (DD/MM/YYYY):			26/11/2020
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	2.25%	2.48%		4.73%	449,408,233
Position of previous notification (if applicable)	2.67%	2.65%		5.33%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rightsix						% of voting rights
	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)			Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00BDSFG982 Ordinary shares	5,501,586			0			1.22%		0.00%
GB00BDSFG982 Borrowed Ordinary shares	4,594,306			0			1.02%		0.00%
SUBTOTAL 8. A	10,095,892						2.25%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument	Expiration datex		Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument		Expiration datex	Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
Contract for Difference		N/A	N/A		Cash			38,242	0.01%
Call option on basket		03/01/2033	Till 03/01/2033		Cash			336,992	0.07%
Euro Medium Term Note		09/01/2025	Till 09/01/2025		Cash			6,938	0.00%
Call option		03/01/2033	Till 03/01/2033		Cash			2,295,000	0.51%
Call option		16/12/2022	16/12/2022		Cash			491	0.00%
Call option		17/12/2021	17/12/2021		Cash			180	0.00%
Call option		18/06/2021	18/06/2021		Cash			583,143	0.13%
Call option		18/12/2020	18/12/2020		Cash			179,063	0.04%
Call option		19/03/2021	19/03/2021		Cash			592,615	0.13%
Call option		17/09/2021	17/09/2021		Cash			493,953	0.11%
Put option		03/01/2033	Till 03/01/2033		Cash			370,000	0.08%
Put option		18/06/2021	18/06/2021		Cash			88,908	0.02%
Put option		18/12/2020	18/12/2020		Cash			416,050	0.09%
Put option		19/03/2021	19/03/2021		Cash			77,879	0.02%
Put option		17/09/2021	17/09/2021		Cash			47,707	0.01%
Put option		15/01/2021	15/01/2021		Cash			100,000	0.02%
Listed call warrants		03/01/2033	Till 03/01/2033		Cash			2,625,839	0.58%
Listed call warrants		17/12/2021	17/12/2021		Cash			63	0.00%
Listed call warrants		18/06/2021	18/06/2021		Cash			574,346	0.13%
Listed call warrants		18/12/2020	18/12/2020		Cash			173,160	0.04%
Listed call warrants		19/03/2021	19/03/2021		Cash			564,311	0.13%
Listed call warrants		17/09/2021	17/09/2021		Cash			477,133	0.11%
Listed put warrants		03/01/2033	Till 03/01/2033		Cash			370,000	0.08%
Listed put warrants		18/06/2021	18/06/2021		Cash			88,908	0.02%
Listed put warrants		18/12/2020	18/12/2020		Cash			416,050	0.09%
Listed put warrants		19/03/2021	19/03/2021		Cash			77,879	0.02%
Listed put warrants		17/09/2021	17/09/2021		Cash			47,707	0.01%
Listed put warrants		15/01/2021	15/01/2021		Cash			100,000	0.02%
					SUBTOTAL 8.B.2			11,142,557	2.48%

9. Information in relation to the person subject to the notification obligation (please mark the Applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)				X
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Société Générale S.A.
Société Générale Effekten GmbH
Société Générale S.A.
Société Générale S.A.
Généfinance S.A.
Sogéparticipations S.A.
Société Générale Luxembourg
SG Issuer S.A.
Société Générale S.A.
Généfinance S.A.
SG Option Europe S.A.
Société Générale S.A.
SG Americas Securities Holdings LLC
SG Americas Securities LLC
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi

Place of completion	London, United Kingdom
Date of completion	November 26th, 2020

Category: UK regulatory