Technip’s combined Annual General Meeting of April 24, 2014 Summary
Technip’s shareholders met today for the Group’s 2014 Combined Annual General Meeting and approved the following decisions:
– Technip’s statutory and consolidated financial statements for the full year 2013,
– allocation of 2013 earnings with a cash dividend of €1.85 per share to be paid on May 7, 2014,
– authorization for the Board of Directors to repurchase Company shares within a maximum limit of 8% of the share capital,
– authorization for the Board of Directors to increase the share capital with and without preferential subscription rights,
– authorization for the Board of Directors to allocate performance shares (up to a limit of 0.3% of the share capital) and to grant stock options for the purchase or subscription of shares (up to a limit of 0.5% of the share capital) to Technip’s employees, the Chairman and Chief Executive Officer and the Group’s principal executives,
– authorization for the Board of Directors to increase the share capital, with a maximum limit of 1.5% of the share capital) in favor of employees of the Technip Group.
Source: technip
