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Technip: combined annual general meeting summary

Published by
Oilfield Technology,

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 in the coming days.

Adapted from a press release by David Bizley

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