Technip Energies N.V. - Weekly Report Share Buyback - Week of July 25 to July 29, 2022

Rhea-AI Summary

Technip Energies has disclosed share buyback transactions for the week of July 25 to July 29, 2022, executing a total of 29,083 shares at an average price of €10.1445. This buyback program is managed by an investment services provider, allowing for independent decision-making. The initiative is part of a broader strategy to enhance shareholder value and signal confidence in the company's financial health. Technip Energies operates in 34 countries and focuses on energy transition technologies including LNG and hydrogen.

Positive

• Share buyback of 29,083 shares at an average price of €10.1445, signaling confidence in the company's value.
• Strengthens shareholder value through buyback program.

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 25 to July 29, 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	2022-07-25	NL0014559478	29083	10,144503	XPAR
			TOTAL	29083	10,144503

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/20220801005566/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 was the total number of shares Technip Energies bought back in July 2022?

Technip Energies bought back a total of 29,083 shares during the week of July 25 to July 29, 2022.

What was the average purchase price of the shares in the buyback program?

The average purchase price of the shares was €10.1445.

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

The share buyback program aims to enhance shareholder value and demonstrate confidence in the company's financial health.

When was the share buyback completed for Technip Energies?

The share buyback was completed during the week of July 25 to July 29, 2022.

How does the buyback program impact Technip Energies' stock performance?

The buyback program is expected to support stock performance by reducing the number of outstanding shares and signaling management's confidence in future growth.