Technip Energies announces launch of share buy-back program

Core Viewpoint - Technip Energies has announced a share buy-back program of up to €150 million, aimed at enhancing shareholder value and fulfilling equity compensation obligations [1][2]. Group 1: Share Buy-back Program Details - The program will utilize up to €120 million for the purchase of common shares for cancellation and up to €30 million for equity compensation plans [1]. - A maximum of 5 million shares can be acquired under this program, which will be executed until December 31, 2026 [1]. - The program is authorized by the Company's Board of Directors and complies with the Market Abuse Regulation [2]. Group 2: Shareholder Authorization - The share buy-back program is based on the authorization granted by shareholders at the Annual General Meeting (AGM) on May 6, 2025, allowing the repurchase of up to 10% of the issued share capital over 18 months [3]. - The proposed renewal of the repurchase authorization at the 2026 AGM will maintain the same terms as the 2025 authorization [4]. Group 3: Execution and Compliance - An investment service provider will be appointed to execute the buy-back program, making independent decisions regarding the timing and volume of repurchases [6]. - The price for repurchased shares will be determined based on the last independent trade or the highest current independent purchase bid [7]. Group 4: Financial and Operational Context - As of February 28, 2026, the Company held 2,743,745 treasury shares, approximately 1.54% of its issued share capital, for equity compensation obligations [5]. - The total allocated amount of €150 million does not cover ancillary costs, and the Company is not obligated to execute the buy-back program [8].