Paris, 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.