Technip Energies N.V. to Terminate Registration and SEC Reporting Obligations

Rhea-AI Summary

Technip Energies N.V., listed on Euronext Paris under the ticker TE, announces plans to terminate the registration of its Ordinary Shares with the SEC. This filing will be made under Form 15F on November 14, 2022, leading to an immediate suspension of reporting obligations. The termination is expected to become effective within 90 days unless the SEC objects. Despite this change, the company will continue to publish reports with the Dutch and French Financial Markets Authorities, maintaining compliance with Rule 12g3-2(b).

Positive

• Continued compliance with Dutch and French Financial Markets Authorities ensures transparency.

Negative

• Termination of SEC registration may reduce visibility to U.S. investors.

PARIS--(BUSINESS WIRE)-- Technip Energies N.V. (the "Company”) (PARIS: TE) (ISIN:NL0014559478) hereby announces that it intends to terminate the registration of its Ordinary Shares, par value €0.01 per share, and its reporting obligations under Section 15(d) of the Securities Exchange Act of 1934, as amended, with the United States Securities and Exchange Commission (the “SEC”). For this purpose, the Company intends to file with the SEC a certification under Form 15F today (November 14, 2022). Upon such filing, the Company’s reporting obligations with the SEC will be suspended immediately. The termination of the Company’s registration and reporting obligations is expected to become effective no later than 90 days after such filing if there are no objections from the SEC.

The Company will continue to publish reports it files with the Dutch Financial Markets Authority and the French Financial Markets Authority on its website (https://investors.technipenergies.com), in the English language, in accordance with Rule 12g3-2(b) under the Exchange Act.

About Technip Energies

Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (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 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 is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States. For further information: www.technipenergies.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221113005110/en/

Investor relations

Phil Lindsay

Vice-President Investor Relations

Tel: +44 207 585 5051

Email: Phillip Lindsay

Media relations

Stella Fumey

Director Press Relations & Digital Communications

Tel: +33 (1) 85 67 40 95

Email: Stella Fumey

Jason Hyonne

Press Relations & Social Media Lead

Tel: +33 1 47 78 22 89

Email: Jason Hyonne

Source: Technip Energies

FAQ

What is the reason for Technip Energies N.V. to terminate its SEC registration?

Technip Energies N.V. intends to terminate its SEC registration and reporting obligations to streamline operations.

When will the SEC registration termination for Technip Energies become effective?

The termination is expected to become effective no later than 90 days after the filing of Form 15F on November 14, 2022.

How will Technip Energies N.V. communicate with its investors after SEC registration termination?

The company will continue to publish reports with the Dutch and French Financial Markets Authorities on its website.

What implications does the SEC registration termination have for THNPY investors?

The termination may reduce visibility and accessibility for U.S. investors in Technip Energies N.V.'s shares.