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Technip Energies Announces Launch of Share Buy-Back Program
Globenewswire· 2025-05-12 05:00
Core Viewpoint - Technip Energies has announced a share buy-back program of up to €45 million to fulfill obligations under equity compensation plans, with a maximum of 1.5 million shares to be acquired by December 31, 2025 [1][3]. Group 1: Share Buy-back Program Details - The program was approved by the Company's Board of Directors and will comply with the Market Abuse Regulation [2]. - The authorization allows the Company to repurchase up to 10% of its issued share capital over 18 months, with share prices ranging from the nominal value to 110% of the market price [3]. - As of April 30, 2025, the Company held 1,695,974 treasury shares, representing 0.95% of its issued share capital, for equity compensation obligations [4]. Group 2: Execution and Compliance - A broker has been appointed to execute the buy-back program, making independent decisions regarding the timing and volume of repurchases [5]. - The maximum price for repurchased shares will be based on the last independent trade or the highest current independent purchase bid on Euronext Paris [6]. - The actual timing, number, and value of shares repurchased will depend on market conditions and legal requirements, with the allocated €45 million excluding ancillary costs [7]. Group 3: Reporting and Transparency - The Company will issue press releases to disclose share repurchases and will publish transactions on its website [8].