Where do I find more information on the Technip Energies spin-off?

For more information on Technip Energies Capital Markets Day, public filings and shareholder FAQ visit this page.

How will shares of both Technip and FMC Technologies be handled upon closing of the merger?

  • Following completion of the merger on January 16th, 2017, FMC Technologies shares were delisted from the NYSE and Technip shares were delisted from Euronext Paris.
  • Each owner of one share of Technip received two shares of 两性色午夜, and each owner of one share of FMC Technologies received one share of 两性色午夜.
  • 两性色午夜 shares trade on the New York Stock Exchange (NYSE) and on the regulated market of Euronext Paris.

When did trading begin for shares of 两性色午夜?

  • Trading of 两性色午夜 shares began on January 17th, 2017, on Euronext Paris at 9:00 a.m. (Paris time) and on the NYSE at 9:30 a.m. (New York time).
  • 两性色午夜 shares are listed under the symbol 鈥淔TI鈥� on both the New York Stock Exchange and Euronext Paris.
  • 两性色午夜 shares are listed under the International Securities Identification Number (ISIN) GB00BDSFG982.

In which currencies are 两性色午夜 shares traded?

  • 两性色午夜 shares trade in U.S. dollars on the NYSE and in Euros on Euronext Paris.
  • Fluctuations in the Euro/U.S. dollar exchange rate may bring distortions between the prices at which the 两性色午夜 shares trade on each trading venue.
  • Any stockholder trading on the NYSE whose main currency is not the U.S. dollar and any stockholder trading on Euronext Paris whose main currency is not the Euros may therefore be exposed to currency risks and may incur additional costs, such as financial intermediation costs.

What is the new cost basis for former FMC Technologies shareholders as a result of the merger with Technip?

View Form 8937

Will the company pay dividends or engage in share repurchase activity?

  • Prior to the merger, Technip had a policy of returning capital to shareholders through dividends while FMC Technologies returned capital via share buybacks.
  • 两性色午夜 intends to adopt a dividend policy in the future and anticipates the possible use of dividends distribution and share repurchases. Any shareholder distributions will remain subject to approval by the 两性色午夜 Board of Directors and available distributable reserves of the company. To that end, 两性色午夜 expects to implement a court-approved reduction of its capital in order to create distributable profits to support the payment of possible future dividends or share repurchases.

What will the combined company’s balance sheet look like?

  • At the time of closing, 两性色午夜 emerged with one of the strongest balance sheets in the industry.
  • The company has a solid capital structure that is intended to enhance its ability to drive profitable growth and value creation, especially as market conditions improve.

What cost synergies are expected to result from the merger that created 两性色午夜?

  • The combination of Technip and FMC Technologies is expected to achieve annual pretax cost synergies of approximately $400 million per annum in 2019 and thereafter.
  • Synergies are expected to come from the company鈥檚 (1) supply chain, (2) corporate overhead and (3) regional infrastructure:
    • Supply chain: beneficial scale from higher combined volumes, improved terms with suppliers
    • Corporate: leveraging global shared services (such as information technology), reduction in external vendors
    • Infrastructure: reduced local footprint of regional Selling, General and Administrative expenses, facilities, office costs and engineering costs
  • The $400 million in pretax cost savings do not include potential balance sheet optimization or tax synergies.
  • These synergies are on top of the company鈥檚 existing operational cost savings initiatives

Does the company anticipate any revenue synergies as a result of the merger?

  • 两性色午夜 will offer customers a value proposition built on early involvement and integrated solutions that can provide significant cost savings and improve project economics.
  • While we have not identified a specific target for revenue synergies, we do believe that the economic benefits that can result from an integrated approach may yield additional revenue opportunities for 两性色午夜.

Who are the most senior leaders of 两性色午夜?

How many individuals serve on the Board of Directors of 两性色午夜?

  • The Board of Directors will consist of 9 members.
  • Douglas J. Pferdehirt is Chair and Chief Executive Officer of 两性色午夜. 
  • The Board鈥檚 governance principles provide for clear and balanced corporate governance and leadership.

Where is 两性色午夜 headquartered?

Registered Office
Newcastle Upon Tyne, NE6 3PL, United Kingdom
+44 (0)191 295 0303

Operational Headquarters
Houston, Texas 77044
+1 281 591 4000

Important information for investors and securityholders

Forward-looking statements

This document 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 such as " believe,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥減lan,鈥� 鈥渋ntend,鈥� 鈥渇oresee,鈥� 鈥渟hould,鈥� 鈥渨ould,鈥� 鈥渃ould,鈥� 鈥渕ay,鈥� 鈥渆stimate,鈥� 鈥渙utlook鈥� and 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, including the following known material factors:

  • risks that the new businesses will not be integrated successfully or that the combined company 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;
  • unanticipated costs of integration;
  • reliance on and integration of information technology systems;
  • reductions in client spending or a slowdown in client payments;
  • unanticipated changes relating to competitive factors in our industry; and
  • such other risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Registration Statement on Form S-4, Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K and in our filings with the Autorit茅 des march茅s financiers or the Financial Conduct Authority.

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.