Press Releases - Corporate News


Paris, May 6, 2008

Combined Annual General Meeting of May 6, 2008

Technip’s shareholders met today for the Group’s 2008 Combined Annual General Meeting. All the proposed resolutions were approved and notably:

  • Technip statutory and consolidated financial statements for the full year 2007,
  • the allocation of 2007 earnings with a cash dividend of EUR 1.20 per share (up 14% compared to the ordinary dividend of 2006). This dividend will be paid on May 13, 2008,
  • the renewal of the authorization granted to the Board of Directors’ to repurchase up to 10% of Technip’s outstanding share capital,
  • the authorization granted to the Board of Directors to allocate performance shares (limited to 1% of share capital) and stock options (limited to 1% of share capital) in favor of Technip’s employees and managers including the Chief Executive Officer.

Please note that Technip will publish its first quarter 2008 consolidated results on May 15, 2008 before the opening of the Paris stock market.

 

With a workforce of 23,000 people, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. The Group is headquartered in Paris.
The Group’s main operations and engineering centers and business units are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the USA, Brazil, Abu-Dhabi, China, India, Malaysia and Australia.
In support of its activities, the Group manufactures flexible pipes and umbilicals, and builds offshore platforms in its manufacturing plants and fabrication yards in France, Brazil, the UK, the USA, Finland and Angola, and has a fleet of specialized vessels for pipeline installation and subsea construction.

 

Technip Public Relations

Yves Gautier: Ph. +33 (0) 1 47 78 25 33

Floriane Lassalle-Massip: Tel. + 33 (0)1 47 78 32 79 press@technip.com

 

Technip Investor and Analyst Relations

Kimberly Stewart: Tel. + 33 (0)1 47 78 66 74 kstewart@technip.com

Xavier d’Ouince: Tel. +33 (0) 1 47 78 25 75 Fax: +33 (0) 1 47 78 67 58 xdouince@technip.com

Antoine d’Anjou: Tel. + 33 (0)1 47 78 30 18 adanjou@technip.com

 

Technip trades under the ISIN FR0000131708 on the Euronext Paris.