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This press release cancels and 听replaces the press release published on April 23, 2015
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At the Annual General Meeting, held April 23, 2015, 听Technip's shareholders approved the proposed 鈧�2.00 per share dividend for the 听2014 financial year and decided to offer shareholders an option to receive the 听dividend payment in shares.
The issue price of the new shares to be issued in 听consideration for the dividend has been set at 鈧�52.81. The price is equal to 听90% of the average opening prices quoted on the regulated market of Euronext 听Paris during the 20 trading days preceding the date of the Annual General 听Meeting, less the net amount of the proposed dividend, and rounded upward to 听the nearest euro cent.
The shares will be traded ex-date as of April 29, 听2015. The shareholders may opt for dividend payment in cash or in new ordinary 听shares from April 29 to May 15, 2015 included, by sending their request to 听their financial intermediaries. For the shareholders who did not exercise their 听dividend payment option by May 15, 2015, the dividend shall only be paid in 听cash.1
For the shareholders who would not have opted for a 听dividend payment in shares, the dividend shall be paid in cash on May 28, 2015. 听For the shareholders who have opted for the payment of the dividend in shares, 听settlement and delivery of the shares will also be on May 28, 2015.
If the amount of dividends for which the option is 听exercised does not correspond to a whole number of shares, shareholders may 听choose to either receive the rounded-up whole number of shares by paying the 听difference in cash on the day they exercise the option or receive the rounded-down 听whole number of shares with the balance in cash.
The shares issued as dividend payment will carry 听dividend rights as from January 1, 2015. An application to list these new 听shares on Euronext Paris will be made. The new shares will rank pari passu with existing shares and will be fully fungible with existing shares already 听listed.
The maximum total number of new shares which may be 听issued for the purpose of the payment of the dividend in shares is 4,271,703 shares (excluding additional shares issued for 听rounding purposes), representing approximately 3.7% of the share capital and 3.4% 听of the voting rights of Technip based on the total number of shares and voting 听rights as of March 31, 2015.
听听 听 1ADR holders may be 听subject to different election and payment conditions and should consult the 听depositary for more information