TechnipFMC: launches share buyback program.
(CercleFinance.com) - TechnipFMC has announced the launch of a share buyback on the New York Stock Exchange and Euronext Paris, and has mandated an investment services provider to implement this program.
The oil services group has been authorised to proceed to repurchase its own shares up to 500 million dollars worth of its own shares by the end of 2018, representing a maximum of 18,504,811 shares based on the closing price on the NYSE.
The authorisation is valid for a period of five years from this date. All shares purchased under the program will be cancelled and not kept in the portfolio, in order to reduce the group's share capital.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The oil services group has been authorised to proceed to repurchase its own shares up to 500 million dollars worth of its own shares by the end of 2018, representing a maximum of 18,504,811 shares based on the closing price on the NYSE.
The authorisation is valid for a period of five years from this date. All shares purchased under the program will be cancelled and not kept in the portfolio, in order to reduce the group's share capital.
Copyright (c) 2017 CercleFinance.com. All rights reserved.