Technip S.A.

EMEA DC Decision 14032017

March 14, 2017: The DC determined that TechnipFMC plc (TechnipFMC) became the sole Successor to Technip S.A. (Technip) on 16 January 2017.

On 21 December 2016, the Chancery Division of the High Court of Justice approved the merger of Technip and TechnipFMC (previously known as TechnipFMC Limited and prior to that, FMC Technologies SIS Limited) and set the completion date as 16 January 2017. A business combination agreement (the BCA) (link) and a Form 8-K filing (link) together confirmed that, at 23.58 hours Paris time on 16 January 2017, all shares of Technip would cease to exist; certain shares of Technip would be cancelled and the remaining shares would be converted into the right to receive shares of TechnipFMC. Section 1.2 of the BCA also provided that, upon the consummation of the merger, “without any additional action on the part of Technip the separate corporate existence of Technip shall thereupon cease…all of the debts, liabilities and duties of Technip and [TechnipFMC] shall become the debts and liabilities and duties of [TechnipFMC].

Pursuant to the standing resolution passed by the EMEA Determinations Committee (DC) on June 21, 2010, the first meeting of the EMEA DC to deliberate the DC Questions relating to this DC Issue has been deferred pending deliberation of such DC Questions by the EMEA DC legal subcommittee.

Please refer to EMEA_DC_Standing_Resolution_210610.