Technip Energies N.V. - Weekly Report Share Buyback - Week of July 18 to July 22, 2022

Rhea-AI Summary

Technip Energies has announced a share buyback program, executed between July 18 and July 22, 2022, purchasing a total of 201,000 shares at an average price of €10.21.

This discretionary buyback aims to enhance shareholder value by reducing share supply. Daily volumes ranged from 38,000 to 45,000 shares, with prices fluctuating between €10.04 and €10.37.

Further details on these transactions can be found on their investor relations page.

Positive

• Share buyback totaling 201,000 shares, indicating commitment to enhancing shareholder value.
• Average purchase price of €10.21, potentially supportive for stock price.
• Discretionary buyback provides flexibility in managing capital structure.

Negative

• None.

PARIS--(BUSINESS WIRE)-- In accordance with the regulations relating to share buybacks, Technip Energies (PARIS:TE) (ISIN:NL0014559478) declares the following purchases of its own shares during the week of July 18 to July 22, 2022.

These transactions were carried out as part of a buyback program with a discretionary mandate carried out by an investment services provider making decisions relating to the acquisition of Technip Energies shares independently.

Name of the Issuer	Identify Code of the Issuer (LEI Code)	Day of the transaction	Identity Code of the Security	Total Daily Volume (in number of shares)	Daily weighted average purchase prices of the shares (in €)	Market Identity Code
Technip Energies	724500FLODI49NSCIP70	2022-07-18	NL0014559478	45000	10,178397	XPAR
Technip Energies	724500FLODI49NSCIP70	2022-07-19	NL0014559478	40000	10,040690	XPAR
Technip Energies	724500FLODI49NSCIP70	2022-07-20	NL0014559478	38000	10,373288	XPAR
Technip Energies	724500FLODI49NSCIP70	2022-07-21	NL0014559478	38000	10,313668	XPAR
Technip Energies	724500FLODI49NSCIP70	2022-07-22	NL0014559478	40000	10,179750	XPAR
			TOTAL	201000	10,213680

For detailed information on the transactions carried out and on the objectives of the shares purchases, please refer to the detailed declaration available on https://investors.technipenergies.com/financial-information/notice-trading-own-shares.

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 client’s 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”) traded over-the-counter in the United States.

For further information: https://www.technipenergies.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220726005727/en/

Phillip Lindsay

Vice-President, Investor Relations

Tel: +44 203 429 3929

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 N.V.

FAQ

What is the purpose of Technip Energies' share buyback program?

The buyback program aims to enhance shareholder value by reducing the number of shares in circulation.

How many shares did Technip Energies buy back during July 2022?

Technip Energies bought back a total of 201,000 shares between July 18 and July 22, 2022.

What was the average purchase price of the shares bought back by Technip Energies?

The average purchase price of the shares was €10.21.

What was the daily trading volume of shares during the buyback period for Technip Energies?

Daily trading volumes ranged from 38,000 to 45,000 shares during the buyback period.

How does the share buyback affect Technip Energies' stock price?

The share buyback can support the stock price by reducing supply and demonstrating confidence in the company's value.