Technip: Results of the Option to Receive the Dividend Payment for Financial Year 2014 in Shares
May 22 2015 - 5:11AM
Business Wire
Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) announces
that the shareholders who have selected the payment of the dividend
for financial year 2014 in shares represented 60.5% of Technip's
shares.
At the Annual General Meeting held on April 23, 2015, Technip’s
shareholders approved the proposed €2.00 per share dividend for the
2014 financial year and decided to offer shareholders an option to
receive the dividend payment in shares. The issue price of the new
shares to be issued in consideration for the dividend has been set
at €52.81. The price is equal to 90% of the average opening prices
quoted on the regulated market of Euronext Paris during the 20
trading days preceding the date of the Annual General Meeting, less
the amount of the proposed dividend, and rounded upward to the
nearest euro cent.
For the purpose of the payment of the dividend in shares,
2,591,918 new shares will be issued, representing approximately
2.2% of the share capital and 2% of the voting rights of Technip
based on the total number of shares and voting rights as of April
30, 2015.
The settlement and delivery of the shares issued as dividend
payment will occur on May 28, 2015 and such new shares will be
admitted to trading on Euronext Paris on the same day. The shares
will carry dividend rights as from January 1, 2015. The new shares
will rank pari passu with existing shares and will be fully
fungible with existing shares already listed.
For the shareholders who did not opt for a dividend payment in
shares, the dividend shall be paid in cash on May 28, 2015.
___________
Disclaimer
This press release, along with the press release dated April 23,
2015, constitute the information document required pursuant to
Articles 212-4 4° and 212-5 5° of the French Financial Markets
Authority (AMF) General Regulations as well as Article 13 and Annex
III of the AMF Instruction No. 2005-11 of December 13, 2005, as
amended.
This press release does not constitute an offer of securities.
This press release and any other document relating to the payment
of dividends in shares may only be published outside of France in
conformity with applicable local laws and regulations and shall not
constitute an offer for securities in any jurisdiction where such
an offer would violate applicable local laws.
The option to receive payment of the dividend for 2014 in the
form of new Technip's shares is not available to shareholders
residing in a country where such option would require registration
or authorization by local market authorities. Shareholders residing
outside of France must inquire of any restrictions which may apply
under the local law and comply therewith. In any event, this option
is open to the shareholders residing in a Member State of the
European Union, in Norway, in Switzerland, in the United States, in
Canada, in the United Arab Emirates, in Hong Kong and in Singapore.
Orders issued from other countries would not be accepted.
The shareholders should perform the formalities involved by the
applicable law in their jurisdiction. In particular, this press
release has not been reviewed by a regulation authority in Hong
Kong and shall be carefully considered. The shareholders are
invited to study their personal situation with their own counsel
regarding the tax aspects involved by the payment of the dividend
in the form of shares.
In case of any question regarding the content of this press
release, the shareholders are invited to consult their own
counsel.
The risks associated with an equity investment shall be
considered by the shareholders if they elect or not to receive
payment of the dividend in the form of shares. For further
information regarding Technip, its business, its strategy, its
financial results and the risks relating to the Group, please refer
to the "Risk Factors" Section of the 2014 Annual Report of Technip
(available on Technip's website at www.technip.com).
°
° °
Technip is a world leader in project management, engineering and
construction for the energy industry.
From the deepest Subsea oil & gas developments to the
largest and most complex Offshore and Onshore infrastructures, more
than 38,000 people are constantly offering the best solutions and
most innovative technologies to meet the world’s energy
challenges.
Present in 48 countries, Technip has state-of-the-art industrial
assets on all continents and operates a fleet of specialized
vessels for pipeline installation and subsea construction.
Technip shares are listed on the Euronext Paris exchange, and
its ADR is traded in the US on the OTCQX marketplace as an American
Depositary Receipt (OTCQX: TKPPY).
Technip’s website http://www.technip.com
Technip’s IR website
http://investors-en.technip.comTechnip’s IR mobile
website http://investors.mobi-en.technip.com
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version on businesswire.com: http://www.businesswire.com/news/home/20150522005189/en/
TechnipAnalyst and Investor RelationsKimberly
Stewart, Tel.: +33 (0) 1 47 78 66 74e-mail:
kstewart@technip.comorAurélia Baudey-Vignaud, Tel.: +33 (0) 1 85 67
43 81e-mail: abaudeyvignaud@technip.comorMichèle Schanté, Tel.: +33
(0) 1 47 78 67 32e-mail: mschante@technip.comorPublic
RelationsLaure Montcel, Tel.: +33 (0) 1 49 01 87 81orDelphine
Nayral, Tel.: +33 (0) 1 47 78 34 83e-mail: press@technip.com
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