8-KOther EventsExhibits & Filings

TechnipFMC plc 8-K Report, Corporate Update (Dec 21, 2016)

Filed December 21, 2016For Securities:FTI

Summary

This 8-K filing from TechnipFMC Limited announces a significant milestone in the business combination between FMC Technologies, Inc. and Technip S.A. On December 21, 2016, the Chancery Division of the High Court of Justice of England and Wales approved the European cross-border merger. This approval paves the way for the completion of the merger between Technip and TechnipFMC Limited (Topco), which is scheduled for January 16, 2017. Furthermore, the filing details the subsequent merger between FMC Technologies, Inc. (FMCTI) and a subsidiary of Topco, which will finalize the business combination immediately after the Technip/Topco merger. Investors can anticipate the new entity's shares, to be traded as TechnipFMC, to commence trading on Euronext Paris and the NYSE on January 17, 2017. This event marks the formal creation of the combined company.

Key Highlights

  • 1Court approval obtained for the European cross-border merger between Technip and TechnipFMC Limited (Topco).
  • 2The completion date for the merger between Technip and Topco is set for January 16, 2017.
  • 3A subsequent merger between FMC Technologies, Inc. (FMCTI) and a Topco subsidiary will complete the business combination.
  • 4The combined entity will operate under the name TechnipFMC.
  • 5Trading of TechnipFMC shares is expected to commence on January 17, 2017.
  • 6Dual listings are planned: Euronext Paris at 9:00 a.m. Paris time and the NYSE at 9:30 a.m. New York time.

Frequently Asked Questions

This filing announces that the High Court of Justice of England and Wales has approved the European cross-border merger between Technip S.A. and TechnipFMC Limited (Topco). This approval is a key step towards completing the business combination between Technip and FMC Technologies, Inc. (FMCTI).

The merger between Technip and Topco is scheduled for completion on January 16, 2017. The business combination between FMCTI and Technip will be finalized immediately thereafter.

The shares of the combined company, TechnipFMC, are expected to begin trading on January 17, 2017. Trading will commence on Euronext Paris at 9:00 a.m. Paris time and on the New York Stock Exchange (NYSE) at 9:30 a.m. New York time.

The companies involved in this business combination are Technip S.A., FMC Technologies, Inc. (FMCTI), and TechnipFMC Limited (Topco), which is the entity that will house the combined operations.