Technip Energies, the leading Engineering & Technology company for the energy transition, has announced the launch of ESOP 2023, an employee share operation aimed at empowering its employees by providing them with long-term value sharing opportunities. The initiative is set to benefit approximately 12,000 eligible employees across 19 countries, enabling them to share in the company’s long-term value creation.
ESOP 2023 comprises two offers that are part of Technip Energies’ Group Savings Plan (PEG) and International Group Savings Plan (PEGI). The first offer involved the issuance of 1,756,434 new shares on September 19, 2023, representing 0.98% of the company’s issued share capital. This capital increase generated total proceeds of €29,999,892.72 and received an overwhelming response from employees, with over 4,500 individuals subscribing to the ESOP 2023 offer. The overall subscription rate reached an impressive 33%.
The success of the ESOP 2023 launch reflects the confidence and support of the Technip Energies teams in the company’s strategy. It also demonstrates their commitment to the collective creation of long-term value for the future. This initiative not only empowers employees but also aligns their interests with the company’s goals, fostering a shared sense of purpose and investment in Technip Energies’ sustainable growth.
Technip Energies operates in 35 countries and employs a workforce of 15,000 dedicated professionals. The company holds leadership positions in crucial sectors such as Liquefied Natural Gas (LNG), hydrogen, and ethylene. Furthermore, Technip Energies is actively expanding its market presence in blue and green hydrogen, sustainable chemistry, and CO2 management. Leveraging its extensive technological advancements and comprehensive range of products and services, the company is devoted to bringing innovative projects to life and accelerating the energy transition worldwide.
Listed on Euronext Paris, with American depositary receipts trading over-the-counter in the United States, Technip Energies is committed to driving positive change in the industry. By empowering its employees through initiatives like ESOP 2023, the company positions itself as a catalyst for sustainable development and a force for driving the energy transition towards a better tomorrow.
For further information on Technip Energies and its diverse portfolio of projects and solutions, visit their official website at https://www.ten.com.
