TechnipFMC plc: Notification of Major Interest in Shares

Rhea-AI Summary

TechnipFMC plc (NYSE: FTI) announced a notification regarding major shareholdings, signaling a change in voting rights. Société Générale SA crossed the 2% voting rights threshold, currently holding 4.32% of voting rights (2.03% direct and 2.30% through financial instruments) as of November 3, 2020. This marks a decrease from their previous holding of 5.01%. The notification was completed on November 4, 2020, as part of regulatory requirements.

Positive

• None.

Negative

• Decrease in shareholding percentage from 5.01% to 4.32%, indicating potential dilution of influence.
• Direct shareholding reduced from 2.72% to 2.03%, which may affect market perception.

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:			03/11/2020
6. Date on which issuer notified (DD/MM/YYYY):			04/11/2020
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	2.03%	2.30%		4.32%	449,408,233
Position of previous notification (if applicable)	2.72%	2.29%		5.01%

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	5,428,107			0			1.21%		0.00%
GB00BDSFG982 Borrowed Ordinary shares	3,680,410			0			0.82%		0.00%
SUBTOTAL 8. A	9,108,517						2.03%
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			154,799	0.03%
Call option on basket		03/01/2033	Till 03/01/2033		Cash			163,203	0.04%
Call option		03/01/2033	Till 03/01/2033		Cash			1,315,000	0.29%
Call option		16/12/2022	16/12/2022		Cash			65	0.00%
Call option		17/12/2021	17/12/2021		Cash			3	0.00%
Call option		18/06/2021	18/06/2021		Cash			278,521	0.06%
Call option		18/12/2020	18/12/2020		Cash			356,655	0.08%
Call option		19/03/2021	19/03/2021		Cash			319,733	0.07%
Call option		17/09/2021	17/09/2021		Cash			200,164	0.04%
Put option		03/01/2033	Till 03/01/2033		Cash			910,000	0.20%
Put option		18/06/2021	18/06/2021		Cash			147,832	0.03%
Put option		18/12/2020	18/12/2020		Cash			963,373	0.21%
Put option		19/03/2021	19/03/2021		Cash			229,769	0.05%
Put option		20/11/2020	20/11/2020		Cash			100,000	0.02%
Put option		17/09/2021	17/09/2021		Cash			61,454	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			1,388,647	0.31%
Listed call warrants		17/12/2021	17/12/2021		Cash			1	0.00%
Listed call warrants		18/06/2021	18/06/2021		Cash			267,611	0.06%
Listed call warrants		18/12/2020	18/12/2020		Cash			354,369	0.08%
Listed call warrants		19/03/2021	19/03/2021		Cash			304,867	0.07%
Listed call warrants		17/09/2021	17/09/2021		Cash			192,807	0.04%
Listed put warrants		03/01/2033	Till 03/01/2033		Cash			910,000	0.20%
Listed put warrants		18/06/2021	18/06/2021		Cash			147,832	0.03%
Listed put warrants		18/12/2020	18/12/2020		Cash			963,373	0.21%
Listed put warrants		19/03/2021	19/03/2021		Cash			229,769	0.05%
Listed put warrants		20/11/2020	20/11/2020		Cash			100,000	0.02%
Listed put warrants		17/09/2021	17/09/2021		Cash			61,454	0.01%
Listed put warrants		15/01/2021	15/01/2021		Cash			100,000	0.02%
					SUBTOTAL 8.B.2			10,321,301	2.30%

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 4th, 2020

Category: UK regulatory