Technip: combined annual general meeting summary

Technip’s shareholders met for the Group’s 2015 Combined Annual General Meeting and approved the following decisions:

• Technip’s statutory and consolidated financial statements for the full year 2014.
• Allocation of 2014 earnings with a dividend of €2.00 per share.
• Scrip alternative for the payment of the dividend to be paid on May 28, 2015, regardless of the option chosen.
• Renewal as Directors of Thierry Pilenko, Olivier Appert, Pascal Colombani, Leticia Costa, C. Maury Devine and John O’Leary.
• Authorisation for the Board of Directors to repurchase Company shares within a maximum limit of 8% of the share capital.
• Authorisation for the Board of Directors to reduce the share capital by canceling shares that have previously been repurchased.
• Authorisation for the Board of Directors to increase the share capital, with a maximum limit of 1.75% of the share capital in favor of employees of the Technip Group.

The full results of the votes will be available on Technip’s website www.technip.com in the coming days.

Adapted from a press release by David Bizley

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/24042015/technip-combined-annual-general-meeting-summary/