Filed
by Technip S.A.
pursuant
to Rule 425 under the Securities Act of 1933, as amended
Subject
Companies: Technip S.A., FMC Technologies, Inc. and TechnipFMC Limited
Date:
October 5, 2016
This
filing relates to a proposed business combination involving
Technip
S.A., FMC Technologies, Inc. and TechnipFMC Limited
(Subject
Company Commission File No.: 001-16489)
Important Information for
Investors and Securityholders
Forward-Looking Statements
This communication contains “forward-looking
statements.” All statements other than statements of historical fact contained in this report are forward-looking statements
within the meaning of Section 27A of the United States Securities Act of 1933, as amended (the “Securities Act”),
and Section 21E of the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking
statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of our operations or
operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,”
“plan,” “intend,” “foresee,” “should,” “would,” “could,”
“may,” “estimate,” “outlook” and similar expressions, including the negative thereof. The
absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are
based on our current expectations, beliefs and assumptions concerning future developments and business conditions and their potential
effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no
assurance that future developments affecting us will be those that we anticipate.
Factors that could cause actual
results to differ materially from those in the forward-looking statements include failure to obtain applicable regulatory or stockholder
approvals in a timely manner or otherwise; failure to satisfy other closing conditions to the proposed transactions; failure to
obtain favorable opinions from counsel for each company to the effect of how TechnipFMC Limited (to be renamed TechnipFMC plc)
(“TechnipFMC”) should be treated for U.S. tax purposes as a result of the proposed transaction; risks associated with
tax liabilities, or changes in U.S. federal or international tax laws or interpretations to which they are subject, including
the risk that the Internal Revenue Service disagrees that TechnipFMC is a foreign corporation for U.S. federal tax purposes; risks
that the new businesses will not be integrated successfully or that the combined companies will not realize estimated cost savings,
value of certain tax assets, synergies and growth or that such benefits may take longer to realize than expected; failure to realize
anticipated benefits of the combined operations; risks relating to unanticipated costs of integration; reductions in client spending
or a slowdown in client payments; unanticipated changes relating to competitive factors in the companies’ industries; ability
to hire and retain key personnel; ability to successfully integrate the companies’ businesses; the potential impact of announcement
or consummation of the proposed transaction on relationships with third parties, including clients, employees and competitors;
ability to attract new clients and retain existing clients in the manner anticipated; reliance on and integration of information
technology systems; changes in legislation or governmental regulations affecting the companies; international, national or local
economic, social or political conditions that could
adversely affect the companies
or their clients; conditions in the credit markets; risks associated with assumptions the parties make in connection with the
parties’ critical accounting estimates and legal proceedings; and the parties’ international operations, which are
subject to the risks of currency fluctuations and foreign exchange controls.
All of our forward-looking statements
involve risks and uncertainties (some of which are significant or beyond our control) and assumptions that could cause actual
results to differ materially from our historical experience and our present expectations or projections. You should carefully
consider the foregoing factors and the other risks and uncertainties that affect the parties’ businesses, including those
described in FMC Technologies’ (“FMC Technologies”) Annual Report on Form 10-K, Quarterly Reports on Form 10-Q,
Current Reports on Form 8-K and other documents filed from time to time by FMC Technologies and TechnipFMC with the United States
Securities and Exchange Commission (the “SEC”) and those described in Technip S.A.’s (“Technip”)
annual reports, registration documents and other documents filed from time to time with the French financial markets regulator
(Autorité des Marchés Financiers or the “AMF”). We wish to 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.
No Offer or Solicitation
This communication is not intended
to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase
or subscribe for any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise,
nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer
of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act and applicable
European regulations. Subject to certain exceptions to be approved by the relevant regulators or certain facts to be ascertained,
the public offer will not be made directly or indirectly, in or into any jurisdiction where to do so would constitute a violation
of the laws of such jurisdiction, or by use of the mails or by any means or instrumentality (including without limitation, facsimile
transmission, telephone and the internet) of interstate or foreign commerce, or any facility of a national securities exchange,
of any such jurisdiction.
Additional Information
Important Additional Information
Will be Filed with the SEC
TechnipFMC has filed with the
SEC a registration statement on Form S-4, which includes the preliminary proxy statement of FMC Technologies that also constitutes
a preliminary prospectus of TechnipFMC (the “proxy statement/prospectus”). A definitive proxy statement/prospectus
will be delivered as required by applicable law after the registration statement on Form S-4 is declared effective by the SEC.
INVESTORS AND STOCKHOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT/PROSPECTUS, AND OTHER RELEVANT DOCUMENTS FILED OR
TO BE FILED WITH THE SEC, IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE
BECAUSE THEY CONTAIN OR WILL
CONTAIN IMPORTANT INFORMATION ABOUT FMC TECHNOLOGIES, TECHNIP, TECHNIPFMC, THE PROPOSED TRANSACTIONS AND RELATED MATTERS
.
Investors and stockholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed with
the SEC by the parties through the website maintained by the SEC at www.sec.gov. In addition, investors and stockholders will
be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC on FMC Technologies’
website at www.fmctechnologies.com (for documents filed with the SEC by FMC Technologies) or on Technip’s website at www.technip.com
(for documents filed with the SEC by Technip).
Important Additional Information
Will be Made Available in an Information Document
Technip will prepare an information
document to be made available in connection with the Technip meeting of stockholders called to approve the proposed transaction
(the “Report”).
INVESTORS AND STOCKHOLDERS ARE URGED TO CAREFULLY READ THE INFORMATION DOCUMENT, AND OTHER RELEVANT
DOCUMENTS TO BE PUBLISHED ON THE TECHNIP WEBSITE, IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT FMC TECHNOLOGIES, TECHNIP, TECHNIPFMC, THE PROPOSED TRANSACTIONS AND RELATED MATTERS.
Investors and stockholders
will be able to obtain free copies of the information document from Technip on its website at www.technip.com.
Important Additional Information
Will be Made Available in an Prospectus Prepared in accordance with the EU Prospectus Directive
TechnipFMC will make publicly
available a prospectus, prepared in accordance with the EU Prospectus Directive 2003/71/EC, with respect to the issuance of new
shares as a result of the proposed transaction and their admission to trading on the regulated market of Euronext Paris (including
any supplement thereto, the “Admission Prospectus”).
INVESTORS AND STOCKHOLDERS ARE URGED TO CAREFULLY READ THE
ADMISSION PROSPECTUS, AND OTHER RELEVANT DOCUMENTS, IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT FMC TECHNOLOGIES, TECHNIP, TECHNIPFMC, THE PROPOSED TRANSACTIONS AND RELATED MATTERS
. Investors and stockholders
will be able to obtain free copies of the Admission Prospectus from TechnipFMC when available.
Participants in the Solicitation
FMC Technologies, Technip, TechnipFMC
and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the
stockholders of FMC Technologies and Technip, respectively, in respect of the proposed transactions contemplated by the proxy
statement/prospectus and the Report. Information regarding the persons who are, under the rules of the SEC, participants in the
solicitation of the stockholders of FMC Technologies and Technip, respectively, in connection with the proposed transactions,
including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the proxy
statement/prospectus when it is filed with the SEC. Information regarding FMC Technologies’ directors and executive officers
is contained in FMC
Technologies’ Annual Report
on Form 10-K for the year ended December 31, 2015 and its Proxy Statement on Schedule 14A, dated March 25, 2016, which are filed
with the SEC and can be obtained free of charge from the sources indicated above. Information regarding Technip’s directors
and executive officers is contained in Technip’s Annual Report for the year ended December 31, 2015 filed with the AMF and
can be obtained free of charge from the sources indicated above.
***
TechnipFMC’s future business and regional structure
Paris – Houston, October
5, 2016
From Thierry Pilenko,
Chairman and CEO of Technip and Doug Pferdehirt, President and CEO of FMC Technologies
We are pleased
to announce the future business and regional structure that will define the organization of the combined company. This new structure
will be implemented following the close of our planned merger.
Organizational structure
|
·
|
Global
Business Units (GBUs) and Global Products
|
As previously announced, the combined
company will have
four Global Business Units
(“GBUs”):
|
–
|
Surface Technologies
led by Richard Alabaster, President Surface Technologies
|
|
–
|
Subsea Services led
by Barry Glickman, President Subsea Services
|
|
–
|
Subsea Projects led
by Hallvard Hasselknippe, President Subsea Projects
|
|
–
|
Onshore Offshore (ONOF)
led by Nello Uccelletti, President Onshore Offshore
|
In
addition, TechnipFMC will have a
Global Products
organization led by Julian Waldron, Executive Vice President & Chief
Operating Officer which will cover all manufacturing and assembly sites within Subsea Projects.
Each GBU represents a collection
of Business Units which will operate across
four geographic areas
:
|
–
|
Europe, Africa, Middle
East and India
|
|
·
|
Regional
Business Units (RBUs)
|
Among the Business Units,
five are
Regional Business Units
which will manage (in addition to their own business) functions as shared services for
a specific set of countries across the four geographic areas set out above.
Subject to closing of the transaction,
the following executives will be appointed:
Appointments of RBU and
BU leaders
Regional Business Unit Leaders
Name
|
Title
|
|
|
Arnaud Piéton
reporting to Nello Uccelletti and Hallvard Hasselknippe
|
President, Subsea Projects and Onshore
Offshore Asia Pacific
|
|
|
Jon Landes
reporting to Hallvard Hasselknippe
|
President, Subsea Projects North
America
|
|
|
Nelson Leite
reporting to Hallvard Hasselknippe
|
President, Subsea Projects South
America
|
|
|
Marco Villa*
reporting to Nello Uccelletti
|
President, Onshore Offshore Europe,
Middle East, India, Africa
|
|
|
Knut Boe
reporting to Hallvard Hasselknippe
|
President, Subsea Projects Europe,
Africa
|
The above RBU presidents will be the legal and public
affairs representatives of TechnipFMC in the region and in addition will hold the title of TechnipFMC president for their respective
area. The RBUs will also manage shared services in the Asia Pacific, North America, South America and (jointly) Europe, Africa
and Middle East geographic areas respectively.
* Marco Villa, in addition to President, Onshore
Offshore Europe, Middle East, India, Africa, keeps his role of Deputy President Onshore Offshore.
Business Unit Leaders
Name
|
Title
|
|
Jeff Mathews
reporting to
|
Senior Vice President, Subsea Services North America, Africa
|
Barry Glickman
|
|
|
Jose Renato Marins
|
Senior Vice President, Subsea Services, South America
|
reporting to Barry Glickman
|
|
|
Ove Magne Kallestad
|
Senior Vice President, Subsea Services Europe
|
reporting to Barry Glickman
|
|
|
Michelle Kinnes
reporting to
|
Senior Vice President, Subsea Services Asia Pacific
|
Barry Glickman
|
|
|
Harvey Vigneault
reporting
|
Senior Vice President, Onshore Offshore North America
|
to Nello Uccelletti
|
|
|
Alf Melin
reporting to Richard
|
Senior Vice President, Surface Technologies Americas
|
Alabaster
|
|
|
Graham Horn
reporting to
|
Senior Vice President, Surface Technologies International
|
Richard Alabaster
|
|
Global Products Leader
Name
|
Title
|
|
John Boyd
reporting to
|
Senior Vice President, Global Products
|
Julian Waldron
|
|
In addition to the above appointments:
- Adriano Novitsky,
currently in charge of Technip’s
Region Brazil, will be appointed
Senior Vice President projects & operations in Brazil,
reporting to Nelson Leite, President,
Subsea Projects South America.
- Rune Thoresen,
currently General Manager Subsea Eastern
Region for FMC Technologies, will be appointed
Senior Vice President subsea projects for Norway and Russia
, reporting to
Knut Boe, President, Subsea Projects Europe, Africa.
Further announcements within the GBUs and Global Products will
be made at a later stage.
The organization of TechnipFMC’s
functions
as well
as their future leaders, will also be announced at a later stage.
General release
2016 – 012
Important Information for Investors and Security holders
Forward-Looking Statements
This communication contains
“forward-looking statements.” All statements other than statements of historical fact contained in this report
are forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended (the
“Securities Act”), and Section 21E of the United States Securities Exchange Act of 1934, as amended (the
“Exchange Act”). Forward-looking statements usually relate to future events and anticipated revenues, earnings,
cash flows or other aspects of our operations or operating results. Forward-looking statements are often identified by the
words “believe,” “expect,” “anticipate,” “plan,” “intend,”
“foresee,” “should,” “would,” “could,” “may,”
“estimate,” “outlook” and similar expressions, including the negative thereof. The absence of these
words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on our
current expectations, beliefs and assumptions concerning future developments and business conditions and their
potential effect on us. While management believes that these forward-looking statements are reasonable as and when made,
there can be no assurance that future developments affecting us will be those that we anticipate.
Factors that could cause actual results to differ
materially from those in the forward-looking statements include failure to obtain applicable regulatory or stockholder approvals
in a timely manner or otherwise; failure to satisfy other closing conditions to the proposed transactions; failure to obtain favorable
opinions from counsel for each company to the effect of how TechnipFMC Limited (to be renamed TechnipFMC plc) (“TechnipFMC”)
should be treated for U.S. tax purposes as a result of the proposed transaction; risks associated with tax liabilities, or changes
in U.S. federal or international tax laws or interpretations to which they are subject, including the risk that the Internal Revenue
Service disagrees that TechnipFMC is a foreign corporation for U.S. federal tax purposes; risks that the new businesses will not
be integrated successfully or that the combined companies will not realize estimated cost savings, value of certain tax assets,
synergies and growth or that such benefits may take longer to realize than expected; failure to realize anticipated benefits of
the combined operations; risks relating to unanticipated costs of integration; reductions in client spending or a slowdown in client
payments; unanticipated changes relating to competitive factors in the companies’ industries; ability to hire and retain
key personnel; ability to successfully integrate the companies’ businesses; the potential impact of announcement or consummation
of the proposed transaction on relationships with third parties, including clients, employees and competitors; ability to attract
new clients and retain existing clients in the manner anticipated; reliance on and integration of information technology systems;
changes in legislation or governmental regulations affecting the companies; international, national or local economic, social or
political conditions that could adversely affect the companies or their clients; conditions in the credit markets; risks associated
with assumptions the parties make in connection with the parties’ critical accounting estimates and legal proceedings; and
the parties’ international operations, which are subject to the risks of currency fluctuations and foreign exchange controls.
All of our forward-looking statements involve risks
and uncertainties (some of which are significant or beyond our control) and assumptions that could cause actual results to differ
materially from our historical experience and our present expectations or projections. You should carefully consider the foregoing
factors and the other risks and uncertainties that affect the parties’ businesses, including those described in FMC Technologies’
(“FMC Technologies”) Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other
documents filed from time to time by FMC Technologies and TechnipFMC with the United States Securities and Exchange Commission
(the “SEC”) and those described in Technip S.A.’s (“Technip”) annual reports, registration documents
and other documents filed from time to time with the French financial markets regulator (Autorité des Marchés Financiers
or the “AMF”). We wish to 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.
No Offer or Solicitation
This communication is not intended to and does not
constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for
any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall
there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities
shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act and applicable European
regulations. Subject to certain exceptions to be approved by the relevant regulators or certain facts to be ascertained, the public
offer will not be made directly or indirectly, in or into any jurisdiction where to do so would constitute a violation of the laws
of such jurisdiction, or by use of the mails or by any means or instrumentality (including without limitation, facsimile transmission,
telephone and the internet) of interstate or foreign commerce, or any facility of a national securities exchange, of any such jurisdiction.
Additional Information
Important Additional Information Will be Filed with the
SEC
TechnipFMC has filed with the SEC a
registration statement on Form S-4, which includes the preliminary proxy statement of FMC Technologies that also constitutes
a preliminary prospectus of TechnipFMC (the “proxy statement/prospectus”). A definitive proxy
statement/prospectus will be delivered as required by applicable law after the registration statement on Form S-4 is declared
effective by the SEC.
INVESTORS AND STOCKHOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT/PROSPECTUS, AND OTHER
RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC, IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR
WILL CONTAIN IMPORTANT INFORMATION ABOUT FMC TECHNOLOGIES, TECHNIP, TECHNIPFMC, THE PROPOSED TRANSACTIONS AND RELATED
MATTERS
. Investors and stockholders will be able to obtain free copies of the proxy statement/prospectus and other
documents filed with the SEC by the parties through the website maintained by the SEC at
www.sec.gov
.
In addition, investors and stockholders will be able to obtain free copies of the proxy statement/prospectus and other
documents filed with the SEC on FMC Technologies’ website at
www.fmctechnologies.com
(for documents filed with the SEC by FMC Technologies) or on Technip’s website at
www.technip.com
(for
documents filed with the SEC by Technip).
Important Additional Information Will be Made Available
in an Information Document
Technip will prepare an information document
to be made available in connection with the Technip meeting of stockholders called to approve the proposed transaction (the
“Report”).
INVESTORS AND STOCKHOLDERS ARE URGED TO CAREFULLY READ THE INFORMATION DOCUMENT, AND OTHER RELEVANT
DOCUMENTS TO BE PUBLISHED ON THE TECHNIP WEBSITE, IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION ABOUT FMC TECHNOLOGIES, TECHNIP, TECHNIPFMC, THE PROPOSED TRANSACTIONS AND RELATED MATTERS.
Investors
and stockholders will be able to obtain free copies of the information document from Technip on its website at
www.technip.com
.
Important Additional Information Will be Made
Available in an Prospectus Prepared in accordance with the EU Prospectus Directive
TechnipFMC will make publicly available a
prospectus, prepared in accordance with the EU Prospectus Directive 2003/71/EC, with respect to the issuance of new shares as
a result of the proposed transaction and their admission to trading on the regulated market of Euronext Paris (including any
supplement thereto, the “Admission Prospectus”).
INVESTORS AND STOCKHOLDERS ARE URGED TO CAREFULLY READ THE
ADMISSION PROSPECTUS, AND OTHER RELEVANT DOCUMENTS, IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION ABOUT FMC TECHNOLOGIES, TECHNIP, TECHNIPFMC, THE PROPOSED TRANSACTIONS AND RELATED MATTERS
.
Investors and stockholders will be able to obtain free copies of the Admission Prospectus from TechnipFMC when
available.
Participants in the Solicitation
FMC Technologies, Technip, TechnipFMC and their
respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the
stockholders of FMC Technologies and Technip, respectively, in respect of the proposed transactions contemplated by the proxy
statement/prospectus and the report. Information regarding the persons who are, under the rules of the SEC, participants in
the solicitation of the stockholders of FMC Technologies and Technip, respectively, in connection with the proposed
transactions, including a description of their direct or indirect interests, by security holdings or otherwise, will be set
forth in the proxy statement/prospectus when it is filed with the SEC. Information regarding FMC Technologies’
directors and executive officers is contained in FMC Technologies’ Annual Report on Form 10-K for the year ended
December 31, 2015 and its Proxy Statement on Schedule 14A, dated March 25, 2016, which are filed with the SEC and can be
obtained free of charge from the sources indicated above. Information regarding Technip’s directors and executive
officers is contained in Technip’s Annual Report for the year ended December 31, 2015 filed with the AMF and can be
obtained free of charge from the sources indicated above.
TechnipFMC (NYSE:FTI)
Historical Stock Chart
From Mar 2024 to Apr 2024
TechnipFMC (NYSE:FTI)
Historical Stock Chart
From Apr 2023 to Apr 2024