UPC Stock
UPC Stock

TechnipFMC plc (FTI) stock plummeted 6.19% in the pre-market trading session at the price of $6.36 after it scheduled ATB 10th Annual Institutional Investor Conference.

TechnipFMC provides technology along with fully integrated products and services to traditional and advanced energy industries. The company transforms customers’ project economics by helping them unlock more opportunities to create energy resources while lessening carbon intensity.

FTI to Address at Upcoming Conference

On 10th January 2022, FTI announced that its Chief Executive Officer, Doug Pferdehirt, will deliver a presentation to the attendees on 12th January 2022, Wednesday, at 10:00 a.m. The ATB 10th Annual Institutional Investor Conference will be held virtually from 11th to 13th January 2022. The live webcast will be available on the Investor Relations website during the event.

FTI Sold 9M Technip Energies N.V. Shares

On 10th January 2022, FTI reported selling 9M shares of Technip Energies N.V. in private transactions. The shares have sold at the offering price of €13.15 per share. The private offering has generated gross proceeds of roughly €118.4M. Upon the completion, FTI retained a direct stake of about 7% of Technip Energies’ Share Capital. The company is subject to a one-month lock-up for the remaining shares, which will expire on 9th February 2022.

FTI Delisted Shares from Euronext Paris

On 10th January 2021, FTI announced that it had decided to delist its shares voluntarily from Euronext Paris. The decision had made after a detailed review of the company’s strategic objectives. The Board of Directors of Euronext Paris SA has previously approved the delisting. TechnipFMC’s shares will remain listed under the symbol FTI on the NYSE. To avoid confusion, the stakeholders of TFMC Euronext Shares can keep trading on Euronext Paris till 17th February 2022.

FTI Published Share Capital Details

Earlier on 31st December 2021, FTI notified the market that on 30th December 2021 its capital composed of 450,700,480 ordinary shares of $1.00 each. The company does not own any treasury shares. Thus, the company has voting rights of roughly 450,700,480 under Article 223-16-1 of the AMF General Regulation.

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