Technip Energies N.V. - weekly report share buyback - week of June 13 to June 17, 2022

Rhea-AI Summary

Technip Energies announced a share buyback program from June 13 to June 17, 2022. During this period, the company repurchased a total of 140,000 shares at an average price of €12.19 per share. The buyback was executed under a discretionary mandate by an investment services provider, allowing independent purchase decisions. This move is part of Technip Energies' strategy to enhance shareholder value and reflects its ongoing commitment to the energy transition, engaging in sectors like Liquefied Natural Gas, hydrogen, and CO₂ management.

Positive

• Repurchased 140,000 shares at an average price of €12.19, enhancing shareholder value.
• Demonstrates commitment to shareholder returns through a structured buyback program.

Negative

• None.

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

In accordance with the regulations relating to share buybacks, Technip Energies (PARIS:TE) declares the following purchases of its own shares during the week of June 13, 2022, to June 17, 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	Identity 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 price of the shares (in €)	Market Identity Code
Technip Energies	724500FLOD I49NSCIP70	2022-06-14	NL0014559478	30000	12,508784	XPAR
Technip Energies	724500FLOD I49NSCIP70	2022-06-15	NL0014559478	30000	12,363666	XPAR
Technip Energies	724500FLOD I49NSCIP70	2022-06-16	NL0014559478	40000	11,993091	XPAR
Technip Energies	724500FLOD I49NSCIP70	2022-06-17	NL0014559478	40000	12,030264	XPAR
			TOTAL	140 000	12,193626

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.

Technip Energies N.V., is a company with corporate seat in Amsterdam, the Netherlands
(Dutch Chamber of Commerce number 76122654),
and principal place of business at 2126 boulevard de la Défense, CS 10266, 92741 Nanterre Cedex, France
(RCS Nanterre 879 464 584)

View source version on businesswire.com: https://www.businesswire.com/news/home/20220620005587/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

FAQ

What was the purpose of Technip Energies' share buyback program in June 2022?

The share buyback program aimed to enhance shareholder value and demonstrate the company's commitment to returning capital to shareholders.

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

Technip Energies bought back a total of 140,000 shares during the week of June 13 to June 17, 2022.

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

The average purchase price of shares in the buyback program was €12.19.

Which investment services provider managed Technip Energies' share buyback?

The buyback program was managed by an investment services provider that made independent decisions on the acquisition of shares.

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

Share buybacks can potentially increase stock prices by reducing the number of shares outstanding, thereby increasing earnings per share.