- \n
- \nSale of 16 million Technip Energies N.V. (\u201cTechnip Energies<\/b>\u201d) shares representing ca. 9% of Technip Energies\u2019 issued and outstanding share capital through an accelerated bookbuild offering\n<\/li>\n
- \nUpon completion of the Placement, TechnipFMC plc (\u201cTechnipFMC<\/b>\u201d) would retain a stake of ca. 22% of the issued and outstanding share capital of Technip Energies\n<\/li>\n<\/ul>\n
LONDON & HOUSTON–(BUSINESS WIRE<\/a>)–
\nTechnipFMC plc (NYSE: FTI) (PARIS: FTI):<\/p>\nThis 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.<\/b><\/p>\n
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 and the offer of Technip Energies shares does not constitute a public offering other than to qualified investors in any jurisdiction, including in France. <\/b><\/p>\n
\nTechnipFMC announces the sale of 16 million Technip Energies shares (the \u201cShares<\/b>\u201d), representing ca. 9% of Technip Energies\u2019 issued and outstanding share capital, through a private placement by way of an accelerated bookbuild offering (the \u201cPlacement<\/b>\u201d). The sale price of the Shares in the Placement is set at \u20ac11.20 per Share, yielding total gross proceeds of \u20ac179.2 million.\n<\/p>\n
\nUpon completion of the Placement, TechnipFMC retains a direct stake of ca. 22% of Technip Energies\u2019 issued and outstanding share capital.\n<\/p>\n
\nTechnipFMC has agreed to a 60-day lock-up for its remaining shares in Technip Energies, subject to waiver from the Joint Global Coordinators involved in the Placement and certain other customary exceptions, including transfer of shares to a subsidiary, granting and enforcement of security interests in connection with financing and derivative transactions and tender into any public tender offer for all or part of the shares.\n<\/p>\n
\nThe Placement was conducted without a public offering in any country and was open to eligible institutional investors.\n<\/p>\n
\nSettlement for the Placement is expected to take place on or around August 3, 2021.\n<\/p>\n
Important notices<\/b><\/p>\n
\nThis 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 and the offer of shares of Technip Energies (the \u201cShares<\/b>\u201d) by TechnipFMC does not constitute a public offering other than to qualified investors in any jurisdiction, including in France.\n<\/p>\n
\nIn member states of the European Economic Area, this communication and any offer if made subsequently is directed exclusively at persons who are \u201cqualified investors\u201d within the meaning of Article 2(e) of the Prospectus Regulation.\n<\/p>\n
\nIn the United Kingdom, any offer of the Shares will be made pursuant to an exemption under Regulation (EU) 2017\/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the \u201cUK Prospectus Regulation<\/b>\u201d) from a requirement to publish a prospectus for offers of Shares. This communication is for distribution in the United Kingdom only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the \u201cOrder<\/b>\u201d) or (ii) high net worth entities and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order.\n<\/p>\n
\nThe Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the \u201cSecurities Act<\/b>\u201d), and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, US persons, absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of the Shares in the United States or in any other jurisdiction. The Shares are being offered outside the United States in transactions that are not subject to the Securities Act pursuant to Regulation S under the Securities Act (\u201cRegulation S<\/b>\u201d) to persons other than US persons (within the meaning of Regulation S) and in the United States to “qualified institutional buyers” (\u201cQIBs<\/b>\u201d) pursuant to an exemption from, or in transactions not subject to, the registration requirements of the Securities Act.\n<\/p>\n
\nIn addition to the foregoing restrictions, the release, publication or distribution of this press release generally may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.\n<\/p>\n
\nThe information contained in this announcement is for background purposes only and does not purport to be full or complete and no reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. Any investment decision to buy Shares in the Placement must be made solely on the basis of publicly available information regarding Technip Energies. Such information is not the responsibility of TechnipFMC.\n<\/p>\n
\nThe Joint Global Coordinators are acting on behalf of TechnipFMC and no one else in connection with the Placement and will not be responsible to any other person for providing the protections afforded to any of its clients or for providing advice in relation to the Placement.\n<\/p>\n
\nEACH PROSPECTIVE INVESTOR SHOULD PROCEED ON THE ASSUMPTION THAT IT MUST BEAR THE ECONOMIC RISK OF AN INVESTMENT IN THE SHARES. NEITHER TECHNIPFMC NOR THE JOINT GLOBAL COORDINATORS MAKES ANY REPRESENTATION AS TO (I) THE SUITABILITY OF THE SHARES FOR ANY PARTICULAR INVESTOR, (II) THE APPROPRIATE ACCOUNTING TREATMENT AND POTENTIAL TAX CONSEQUENCES OF INVESTING IN THE SHARES OR (III) THE FUTURE PERFORMANCE OF THE SHARES EITHER IN ABSOLUTE TERMS OR RELATIVE TO COMPETING INVESTMENTS.\n<\/p>\n
\nThe information contained in this press release is subject to change in its entirety without notice up to the settlement date. TechnipFMC, the Joint Global Coordinators and their respective affiliates expressly disclaim, to fullest extent permitted by applicable law, any obligation or undertaking to update, review or revise any statement contained in this press release whether as a result of new information, future developments or otherwise.\n<\/p>\n
Important Information for Investors and Securityholders<\/b><\/p>\n
\nForward-Looking Statement\n<\/p>\n
\nThis 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 \u201cbelieve\u201d, \u201cestimated\u201d 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.\n<\/p>\n
About TechnipFMC<\/b><\/p>\n
\nTechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.\n<\/p>\n
\nWith our proprietary technologies and comprehensive solutions, we are transforming our clients\u2019 project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.\n<\/p>\n
\nOrganized in two business segments \u2014 Subsea and Surface Technologies \u2014 we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI\u2122, iFEED\u2122 and iComplete\u2122), technology leadership and digital innovation.\n<\/p>\n
\nEach of our approximately 20,000 employees is driven by a commitment to our clients\u2019 success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.\n<\/p>\n
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<\/a> and follow us on Twitter @TechnipFMC.<\/a><\/b><\/p>\n
\nCategory: UK regulatory\n<\/p>\n
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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210729006179\/en\/<\/a><\/span><\/p>\n
Investor relations
\n<\/b>
Matt Seinsheimer
\n
Vice President, Investor Relations
\n
Tel: +1 281 260 3665
\n
Email: Matt Seinsheimer
\n<\/a><\/p>\nJames Davis
\n
Senior Manager, Investor Relations
\n
Tel: +1 281 260 3665
\n
Email: James Davis<\/a><\/p>\nMedia relations
\n<\/b>
Nicola Cameron
\n
Vice President, Corporate Communications
\n
Tel: +44 1383 742297
\n
Email: Nicola Cameron
\n<\/a><\/p>\nCatie Tuley
\n
Director, Public Relations
\n
Tel: +1 281 591 5405
\n
Email: Catie Tuley
\n<\/a><\/p>\nKEYWORDS:<\/b> North America France United States United Kingdom Europe Texas<\/p>\n
INDUSTRY KEYWORDS:<\/b> Other Energy Utilities Oil\/Gas Other Manufacturing Alternative Energy Energy Engineering Manufacturing<\/p>\n
- \nUpon completion of the Placement, TechnipFMC plc (\u201cTechnipFMC<\/b>\u201d) would retain a stake of ca. 22% of the issued and outstanding share capital of Technip Energies\n<\/li>\n<\/ul>\n
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