TechnipFMC plc: Notification of Major Interest in Shares

Rhea-AI Summary

TechnipFMC plc (FTI) announced receipt of a notification regarding major shareholdings. Société Générale SA crossed a voting rights threshold on October 30, 2020, acquiring 5.01% of the voting rights, up from a previous 4.68%. The breakdown shows 2.72% from direct shares and 2.29% via financial instruments. The notification, reflecting significant interest from Société Générale, was reported to the FCA on November 2, 2020. This change could influence shareholder dynamics and market perceptions.

Positive

• Société Générale SA increased its voting rights in TechnipFMC from 4.68% to 5.01%, indicating growing confidence in the company.
• The acquisition indicates positive sentiment from a major financial institution, which could attract additional investors.

Negative

• None.

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						X
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:			30/10/2020
6. Date on which issuer notified (DD/MM/YYYY):			02/11/2020
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	2.72%	2.29%		5.01%	449,408,233
Position of previous notification (if applicable)	1.38%	3.30%		4.68%

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	5,321,181			0			1.18%		0.00%
GB00BDSFG982 Borrowed Ordinary shares	6,908,860			0			1.54%		0.00%
SUBTOTAL 8. A	12,230,041						2.72%
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			158,344	0.04%
Call option on basket		03/01/2033	Till 03/01/2033		Cash			115,529	0.03%
Call option		03/01/2033	Till 03/01/2033		Cash			1,315,000	0.29%
Call option		16/12/2022	16/12/2022		Cash			42	0.00%
Call option		17/12/2021	17/12/2021		Cash			2	0.00%
Call option		17/09/2021	17/09/2021		Cash			206,230	0.05%
Call option		18/12/2020	18/12/2020		Cash			178,655	0.04%
Call option		19/03/2021	19/03/2021		Cash			261,265	0.06%
Call option		18/06/2021	18/06/2021		Cash			200,183	0.04%
Put option		03/01/2033	Till 03/01/2033		Cash			1,010,000	0.22%
Put option		17/09/2021	17/09/2021		Cash			81,328	0.02%
Put option		18/12/2020	18/12/2020		Cash			1,062,239	0.24%
Put option		19/03/2021	19/03/2021		Cash			294,863	0.07%
Put option		20/11/2020	20/11/2020		Cash			100,000	0.02%
Put option		15/01/2021	15/01/2021		Cash			100,000	0.02%
Put option		18/06/2021	18/06/2021		Cash			194,603	0.04%
Listed call warrants		03/01/2033	Till 03/01/2033		Cash			1,336,163	0.30%
Listed call warrants		17/12/2021	17/12/2021		Cash			1	0.00%
Listed call warrants		17/09/2021	17/09/2021		Cash			201,028	0.04%
Listed call warrants		18/12/2020	18/12/2020		Cash			177,301	0.04%
Listed call warrants		19/03/2021	19/03/2021		Cash			253,129	0.06%
Listed call warrants		18/06/2021	18/06/2021		Cash			191,929	0.04%
Listed put warrants		03/01/2033	Till 03/01/2033		Cash			1,010,000	0.22%
Listed put warrants		17/09/2021	17/09/2021		Cash			81,328	0.02%
Listed put warrants		18/12/2020	18/12/2020		Cash			1,062,239	0.24%
Listed put warrants		19/03/2021	19/03/2021		Cash			294,863	0.07%
Listed put warrants		15/01/2021	15/01/2021		Cash			100,000	0.02%
Listed put warrants		20/11/2020	20/11/2020		Cash			100,000	0.02%
Listed put warrants		18/06/2021	18/06/2021		Cash			194,603	0.04%
					SUBTOTAL 8.B.2			10,280,867	2.29%

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.
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 2nd, 2020

Category: UK regulatory