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Press Release

Combined shareholders' meeting of April 28, 2006: Overview of market conditions and 2006 outlook

April 28, 2006

Paris, April 28, 2006

Technip’s shareholders convened today on the occasion of the Group’s 2006 Combined Annual General Meeting where they considered and voted in favor of all resolutions, including:
  • the approval of the Group’s accounts for the full year 2005,
  • the payment of a cash dividend of EUR 0.92 per share (up 11% compared to last year), to be paid on May 3, 2006,
  • the renewal of the Board of Directors’ authorization to repurchase up to 10% of Technip’s outstanding share capital.


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With a workforce of more than 21,000 people, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York and 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.