Suspension of Technip Energies’ Liquidity Contract

Rhea-AI Summary

Technip Energies N.V. announced the suspension of its liquidity agreement with Kepler Cheuvreux effective November 22, 2022, pending shareholder approval for share buybacks. As of this date, the liquidity contract included 8,900 shares valued at €9.78 million, a decrease from 207,823 shares worth €6.83 million on June 30, 2022. Technip Energies, engaged in the energy transition sector, emphasizes its expertise in LNG, hydrogen, and sustainable chemistry, operating in 34 countries with a workforce of 15,000.

Positive

• Technip Energies holds strong market positions in LNG, hydrogen, and sustainable chemistry.
• The company operates in 34 countries, showcasing extensive global reach.

Negative

• Suspension of the liquidity agreement may impact stock liquidity and investor confidence.
• Significant decrease in shares allocated to the liquidity contract from June to November 2022.

PARIS--(BUSINESS WIRE)-- Regulatory News:

Technip Energies N.V. (Paris:TE) (ISIN:NL0014559478) announces that the liquidity agreement entered into with Kepler Cheuvreux dated July 9, 2021 (the "Liquidity Agreement"), has been suspended as of November 22, 2022, pending renewal of the resolution of the general meeting of shareholders authorizing share buybacks.

The number of shares and amount allocated as of November 22, 2022, close of trading, to the Liquidity Contract was 8,900 shares and €9,780,454.34. As a reminder, the securities and amounts that were allocated to the Liquidity Agreement as of June 30, 2022, were 207,823 shares and €6,832,747.61.

About Technip Energies

Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in LNG, hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO₂ management. The Company benefits from its robust project delivery model supported by an extensive technology, products and services offering.

Operating in 34 countries, our 15,000 people are fully committed to bringing our clients’ innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.

Technip Energies shares are listed on Euronext Paris. In addition, Technip Energies has a Level 1 sponsored American Depositary Receipts (“ADR”) program, with its ADRs trading over-the-counter. For further information: www.technipenergies.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221122005868/en/

Investor Relations

Phillip Lindsay

Vice President, Investor Relations

Tel: +44 20 7585 5051

Email: Phillip Lindsay

Media Relations

Stella Fumey

Director Press Relations & Digital Communications Tel: +33 1 85 67 40 95

Email: Stella Fumey

Source: Technip Energies N.V.

FAQ

What is the liquidity agreement update for Technip Energies (THNPY)?

Technip Energies has suspended its liquidity agreement with Kepler Cheuvreux as of November 22, 2022, pending shareholder approval for share buybacks.

How many shares were allocated to Technip Energies' liquidity agreement as of November 2022?

As of November 22, 2022, 8,900 shares were allocated with a value of €9.78 million.

What was the status of Technip Energies' liquidity agreement in June 2022?

In June 2022, the liquidity agreement included 207,823 shares valued at €6.83 million.

What are the main business areas of Technip Energies (THNPY)?

Technip Energies specializes in LNG, hydrogen, sustainable chemistry, and CO2 management.