Press Releases - Corporate News


Paris, November 16, 2007

Deregistration of Technip's shares with the securities and exchange commission

As announced on July 25, 2007, Technip applied for a voluntary delisting of its American Depositary Shares from the New York Stock Exchange (NYSE) and deregistration with the U.S. Securities and Exchange Commission (SEC).

The delisting from the NYSE became effective as of August 16, 2007 and the deregistration became effective as of November 14, 2007.

Technip intends to maintain its American Depository Receipt (ADR) program to enable investors to retain their ADRs and permit trading on the U.S. over-the-counter (OTC) market.

Technip will continue to publish its financial reports, statements and press releases in English as well as information for shareholders and investors on its website (www.technip.com) pursuant to section 12g3-2(b) of the U.S. Securities Exchange Act.

 

Answers to questions frequently asked regarding the delisting from the NYSE and the deregistration are available on Technip's website (www.technip.com) in the FAQs section under the heading “Investor Relations”.

 

With a workforce of 22,000 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

Laurence Bricq: Ph. +33 (0) 1 47 78 26 37 Fax: +33 (0) 1 47 78 24 33 lbricq@technip.com

 

Technip Investor and Analyst Relations

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

 

Technip trades under the ISIN FR0000131708 on the Euronext Paris.