TechnipFMC Announces Sale of Stake in Technip Energies N.V.
11 January 2022 - 8:30AM
Business Wire
Regulatory News:
TechnipFMC plc (the “Company”) (NYSE:FTI) (PARIS:FTI) announced
today the sale of 9 million Technip Energies N.V. shares (the
“Shares”) through private sale transactions (the “Sale”). The sale
price of the Shares in the Sale is set at €13.15 per Share,
yielding total gross proceeds of €118.4 million.
Upon completion of the Sale, representing approximately 5% of
Technip Energies’ issued and outstanding share capital (the “Share
Capital”), TechnipFMC retains a direct stake of approximately 7% of
Technip Energies’ Share Capital.
The Sale was conducted without a public offering in any country
and included the following parties:
- Bpifrance Participations SA (3.6 million Shares);
- HAL Investments, the Dutch investment subsidiary of HAL Holding
N.V (3.6 million Shares); and
- Technip Energies (1.8 million Shares).
Settlement for the Sale is expected to take place on or around
January 14, 2022.
TechnipFMC is subject to a 30-day lock-up for its remaining
shares in Technip Energies that expires on February 9, 2022.
Important Notices
This press release is for information purposes only and does not
constitute an offer to sell or a solicitation of an offer to buy
any securities.
Important Information
This press release is not an offer of securities for sale into
the United States. The securities referred to herein have not been
and will not be registered under the U.S. Securities Act of 1933,
as amended, and may not be offered or sold in the United States,
except pursuant to an applicable exemption from registration. No
public offering of securities is being made in the United
States.
This press release is for information purposes only and does not
constitute an offer to sell or a solicitation of an offer to buy
any securities.
Forward-Looking Statement
This release contains "forward-looking statements" as defined in
Section 27A of the United States Securities Act of 1933, as
amended, and Section 21E of the United States Securities Exchange
Act of 1934, as amended. The words “believe,” “estimated” and other
similar expressions are intended to identify forward-looking
statements, which are generally not historical in nature. Such
forward-looking statements involve significant risks, uncertainties
and assumptions that could cause actual results to differ
materially from our historical experience and our present
expectations or projections. For information regarding known
material factors that could cause actual results to differ from
projected results, please see our risk factors set forth in our
filings with the United States Securities and Exchange Commission,
which include our Annual Reports on Form 10-K, Quarterly Reports on
Form 10-Q, and Current Reports on Form 8-K. We caution you not to
place undue reliance on any forward-looking statements, which speak
only as of the date hereof. We undertake no obligation to publicly
update or revise any of our forward-looking statements after the
date they are made, whether as a result of new information, future
events or otherwise, except to the extent required by law.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional
and new energy industries, delivering fully integrated projects,
products, and services.
With our proprietary technologies and comprehensive solutions,
we are transforming our clients’ project economics, helping them
unlock new possibilities to develop energy resources while reducing
carbon intensity and supporting their energy transition
ambitions.
Organized in two business segments — Subsea and Surface
Technologies — we will continue to advance the industry with our
pioneering integrated ecosystems (such as iEPCI™, iFEED™ and
iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a
commitment to our clients’ success, and a culture of strong
execution, purposeful innovation, and challenging industry
conventions.
TechnipFMC uses its website as a channel of distribution of
material company information. To learn more about how we are
driving change in the industry, go to www.TechnipFMC.com and follow
us on Twitter @TechnipFMC.
Category: UK regulatory
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3665 Email: James Davis
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Email: Catie Tuley
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