FTI - Dividend announcements

Total Company inbound of $2.2 billion; Subsea orders of $1.9 billion Cash flow from operations of $332 million; free cash flow of $277 million Total shareholder distributions of $285 million, including share repurchase of $265 million TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported first-quarter 2026 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.     Three Months Ended Change (In millions, except per share amounts) Mar. 31, 2026 Dec. 31, 2025 Mar. 31, 2025 Sequential Year-over Y

TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on June 3, 2026 to shareholders of record as of the close of business on the New York Stock Exchange on May 19, 2026, which is also the ex-dividend date. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words "expect," "believe," "estimated," and other similar expressions are intended to

Subsea inbound of $2.3 billion in the quarter; full-year orders of $10.1 billion Shareholder distributions of $188 million in the quarter; full-year distributions of $1 billion Increased Subsea revenue and adjusted EBITDA margin guidance TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported fourth-quarter 2025 results. Summary Financial Results from Continuing Operations - Fourth Quarter 2025 Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.     Three Months Ended Change (In millions, except per share amounts) Dec. 31, 2025 Sep. 30, 2025 Dec. 31,

TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on April 1, 2026 to shareholders of record as of the close of business on the New York Stock Exchange on March 17, 2026, which is also the ex-dividend date. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words "expect," "believe," "estimated," and other similar expressions are intended

Total Company inbound of $2.6 billion; Subsea orders of $2.4 billion Cash flow from operations of $525 million; free cash flow of $448 million Share repurchase authorization increased by $2 billion Financial guidance updated for full-year 2025; initiated Subsea financial guidance for 2026 TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported third-quarter 2025 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.     Three Months Ended Change (In millions, except per share amounts) Sep. 30, 2025 Jun. 3

TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on December 3, 2025 to shareholders of record as of the close of business on the New York Stock Exchange on November 18, 2025, which is also the ex-dividend date. The Board has also authorized additional share repurchases of up to $2 billion. Together with the remaining balance under the existing program, the Company is now authorized to repurchase shares of up to $2.3 billion, representing nearly 16 percent of the Company's outstanding shares at the closing price on October 21, 2025. Doug Pferdehirt, TechnipFMC's Chair and CEO, stated,

Total Company inbound orders of $2.8 billion; Subsea of $2.6 billion, a book-to-bill of 1.2x Total Company backlog increased to $16.6 billion; Subsea of $15.8 billion Cash flow from operations of $344 million; free cash flow of $261 million Total shareholder distributions of $271 million, including share repurchase of $250 million TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported second-quarter 2025 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.     Three Months Ended Change (In millions, except per share a

TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on September 3, 2025 to shareholders of record as of the close of business on the New York Stock Exchange on August 19, 2025. The ex-dividend date is August 19, 2025. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" regarding our future dividend payment obligations as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking state

Total Company inbound orders of $3.1 billion; Subsea of $2.8 billion, a book-to-bill of 1.4x Total Company backlog of $15.8 billion; Subsea of $14.9 billion Cash flow from operations of $442 million; free cash flow of $380 million Total shareholder distributions of $271 million, including share repurchase of $250 million TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported first-quarter 2025 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.     Three Months Ended Change (In millions, except per share amounts) Mar. 31, 2025

TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on June 4, 2025 to shareholders of record as of the close of business on the New York Stock Exchange on May 20, 2025. The ex-dividend date is May 20, 2025. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" regarding our future dividend payment obligations as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements are not

Subsea inbound of $2.7 billion in the quarter; full-year orders of $10.4 billion Total Company backlog of $14.4 billion increased 9% versus the prior year Cash flow from operations of $579 million in the quarter; free cash flow of $453 million Shareholder distributions to grow at least 30% in 2025 versus the prior year Subsea inbound orders anticipated to exceed $10 billion in 2025 TechnipFMC plc (NYSE:FTI) today reported fourth quarter 2024 results. Summary Financial Results from Continuing Operations - Fourth Quarter 2024 Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.     Three Months Ended Ch

TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on April 2, 2025 to shareholders of record as of the close of business on the New York Stock Exchange on March 18, 2025. The ex-dividend date is March 18, 2025. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" regarding our future dividend payment obligations as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements

Total Company backlog reached record of $14.7 billion; Subsea new record of $13.7 billion Share repurchase authorization increased by $1 billion Subsea financial guidance increased for 2025 TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported third quarter 2024 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.     Three Months Ended Change (In millions, except per share amounts) Sep. 30, 2024 Jun. 30, 2024 Sep. 30, 2023 Sequential Year-over- Year Revenue $2,348.4 $2,325.6 $2,056.9 1.0% 14.2% Ne

TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on December 4, 2024 to shareholders of record as of the close of business on the New York Stock Exchange on November 19, 2024, which is also the ex-dividend date. The Board has also authorized additional share repurchases of up to $1 billion. Together with the existing program, the Company is now authorized to repurchase shares of up to $1.2 billion, representing more than 10 percent of the Company's outstanding shares at today's closing price. Since the initial share repurchase authorization in July 2022, the Company has returned more tha

Subsea inbound orders of $2.8 billion; book-to-bill of 1.4x Total Company backlog reached new record of $13.9 billion Cash flow from operations of $231 million; free cash flow of $180 million Full-year financial guidance increased to reflect strong operational performance TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported second quarter 2024 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.     Three Months Ended Change (In millions, except per share amounts) Jun. 30, 2024 Mar. 31, 2024 Ju

TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on September 4, 2024 to shareholders of record as of the close of business on the New York Stock Exchange on August 20, 2024. The ex-dividend date is August 20, 2024. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" regarding our future dividend payment obligations as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking state

Subsea inbound orders of $2.4 billion; book-to-bill of 1.4 Announced three iEPCI™ awards, each providing first-of-its-kind technology solutions Shareholder distributions of $172 million; expect full-year growth to exceed 70% versus 2023 Achieved investment grade credit rating from S&P Global Ratings TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported first quarter 2024 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.         Three Months Ended Change (In millions, except per share amounts) Mar

TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on June 5, 2024 to shareholders of record as of the close of business on the New York Stock Exchange on May 21, 2024. The ex-dividend date is May 20, 2024. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" regarding our future dividend payment obligations as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements are n

Subsea inbound of $1.3 billion; full-year orders of $9.7 billion grew 45% versus 2022 Total Company backlog of $13.2 billion increased 41% versus the prior year Cash flow from operations of $701 million in the quarter; free cash flow of $630 million Shareholder distributions of $77 million in the quarter, $249 million for the full year Subsea order outlook for three-year period through 2025 increased 20% to $30 billion TechnipFMC plc (NYSE:FTI) today reported fourth quarter 2023 results. Summary Financial Results from Continuing Operations - Fourth Quarter 2023 Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.  

TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on April 3, 2024 to shareholders of record as of the close of business on the New York Stock Exchange on March 19, 2024. The ex-dividend date is March 18, 2024. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" regarding our future dividend payment obligations as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements

Subsea inbound orders of $1.8 billion in the quarter; Subsea backlog of $12.1 billion Cash flow from operations of $222 million; free cash flow of $178 million Operating results for both segments now expected above midpoint of full-year guidance Subsea inbound over the next five quarters to approach $11 billion TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported third quarter 2023 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.     Three Months Ended Change (In millions, except per share amounts) Sep

TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on December 6, 2023 to shareholders of record as of the close of business on the New York Stock Exchange on November 21, 2023. The ex-dividend date is November 20, 2023. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words "expect," "believe," "estimated," and other similar expressions

Subsea orders of $4.1 billion; record inbound for both iEPCI™ and Subsea 2.0™ Outlook for Subsea orders revised higher; full-year expected to reach $9 billion Total Company backlog increased 25% sequentially to $13.3 billion Cash flow from operations of $156 million; free cash flow of $103 million Initiated quarterly dividend; repurchase authorization increased to $800 million Commitment to distribute more than 60% of annual free cash flow through at least 2025 TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported second quarter 2023 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial m

Subsea inbound orders of $2.5 billion; book-to-bill of 1.8 iEPCI™ represented more than 50% of Subsea inbound orders Total Company backlog increased 13% sequentially to $10.6 billion Repurchased $50 million of shares; $150 million of buyback program completed TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported first quarter 2023 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.     Three Months Ended Change (In millions, except per share amounts) Mar. 31, 2023 Dec. 31, 2022 Mar. 31,

Subsea inbound of $1.5 billion; full-year orders of $6.7 billion grew 36% versus 2021 Total Company backlog of $9.4 billion; increased 22% versus the prior year Cash flow from operations of $566 million in the quarter; free cash flow of $503 million Initiated financial guidance for 2023; updated intermediate-term outlook for 2025   TechnipFMC plc (NYSE:FTI) today reported fourth quarter 2022 results. Summary Financial Results from Continuing Operations - Fourth Quarter 2022 Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.   Three Months Ended Change (In millions, except per share amounts) Dec. 31, 2022 Sep. 30,

Subsea inbound of $1.4 billion supports full-year outlook for orders to approach $7 billion Surface Technologies inbound of $449 million driven by Middle East; book-to-bill of 1.4 Cash provided by operating activities of $212 million; free cash flow of $181 million Repurchased $50 million of ordinary shares following $400 million authorization in July TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported third quarter 2022 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.   Three Months Ended Change (In millions, except per share amounts)

Subsea inbound of $1.9 billion in the quarter; full-year now expected to approach $7 billion Gross debt reduced by $530 million in the quarter to $1.5 billion Shareholder distributions initiated with $400 million share repurchase authorization TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported second quarter 2022 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.   Three Months Ended Change (In millions, except per share amounts) Jun. 30, 2022 Mar. 31, 2022 Jun. 30, 2021 Sequential Year-over- Year Revenue $1,7

TechnipFMC (NYSE:FTI) ("TechnipFMC" or the "Company") announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $400 million of its outstanding ordinary shares. The program represents 14 percent of the Company's outstanding shares at yesterday's closing price. Doug Pferdehirt, TechnipFMC's Chair and CEO, stated, "The rapid improvement in our capital structure has enabled us to accelerate our plan for shareholder distributions. We firmly believe that our shares are undervalued today, and this share repurchase program underscores our confidence in the long-term outlook for our Company. In addition, we are reaffirmin

Subsea inbound orders of $1.9 billion in the quarter; book-to-bill of 1.5 Cash and cash equivalents of $1.2 billion Completed sale of remaining stake in Technip Energies in April Targeting reduction of gross debt of up to $400 million in second quarter TechnipFMC plc (NYSE:FTI) today reported first quarter 2022 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.     Three Months Ended Change (In millions, except per share amounts) Mar. 31, 2022 Dec. 31, 2021 Mar. 31, 2021 Sequential Year-over- Year Revenue $1,555.8 $1,523.3

TechnipFMC (NYSE:FTI) (PARIS:FTI) will host its 2021 Analyst Day today, Tuesday, November 16, 2021, in Houston. The meeting will feature presentations from the Company's leadership team discussing how TechnipFMC continues to drive change in the energy industry. The general presentation session will be held from 8:30 a.m. to noon Houston time and will be available via a live webcast. In conjunction with the general presentation session, the Company will provide the following highlights regarding its market and financial outlook. Intermediate-term financial outlook 2021e to 2025e: Potential for Subsea inbound orders to approach $8 billion in 2025e, including Subsea Services Subsea Serv

Solid financial performance in both Subsea and Surface Technologies Total Company inbound orders of $1.6 billion; Subsea inbound orders of $1.3 billion Full-year guidance updated, supported by strength of first half results and market outlook TechnipFMC plc (NYSE:FTI) (Paris: FTI) today reported second quarter 2021 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.   Three Months Ended Change (In millions, except per share amounts) Jun. 30, 2021 Mar. 31, 2021 Jun. 30, 2020 Sequential Year-over- Year Revenue $ 1,668.8   $ 1,632.0

Strong financial performance in both Subsea and Surface Technologies Cash flow from continuing operations $182 million, free cash flow $137 million Subsea inbound orders more than doubled sequentially to $1.5 billion New partnerships leverage subsea expertise for integrated wind, wave energy Regulatory News: TechnipFMC plc (NYSE:FTI) (Paris: FTI) today reported first quarter 2021 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules. Three Months Ended (In millions, except per share amounts) March 31, 2021 March 31, 2020 Change Revenue $1,632.0 $1,

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC (NYSE: FTI) (PARIS: FTI) today provided an update on the Share Purchase Agreement with Bpifrance Participations SA (“Bpifrance”) related to its recent separation into two industry-leading, independent, publicly traded companies – TechnipFMC and Technip Energies. Bpifrance, a substantial shareholder of TechnipFMC since 2009, has agreed to an investment of $100 million in Technip Energies, which has been acquired from TechnipFMC’s retained stake in Technip Energies. The shares acquired by Bpifrance through this investment are in addition to those received through the dividend distribution made at the time of sepa

LONDON--(BUSINESS WIRE)--  TechnipFMC plc (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) today announced that the Dutch Authority for the Financial Markets (Stichting Autoriteit Financiële Markten) has approved the prospectus relating to the admission to listing and trading of the shares of Technip Energies N.V. (“Technip Energies”) on the regulated market of Euronext Paris (the “European Prospectus”) in connection with its announced separation into two industry-leading, independent, publicly traded companies in the form of a share dividend to TechnipFMC shareholders of a 50.1% stake in Technip Energies. Subject to satisfaction of customary conditions and receipt of regulatory approva

LONDON, & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC plc (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) today announced that the Dutch Authority for the Financial Markets (Stichting Autoriteit Financiële Markten) has approved the prospectus relating to the admission to listing and trading of the shares of Technip Energies N.V. (“Technip Energies”) on the regulated market of Euronext Paris (the “European Prospectus”) in connection with its announced separation into two industry-leading, independent, publicly traded companies in the form of a share dividend to TechnipFMC shareholders of a 50.1% stake in Technip Energies. Subject to satisfaction of customary conditions

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--  TechnipFMC plc (NYSE: FTI) (Paris: FTI) (ISIN:GB00BDSFG982) today announced the timing and details regarding its previously announced separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player (“Technip Energies”). The transaction is structured as a spin-off of a majority stake in TechnipFMC’s Technip Energies segment in the form of a share dividend pursuant to which holders of TechnipFMC shares will receive shares of Technip Energies (the “Spin-off”). Subject to satisfaction of customary

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC plc (NYSE: FTI) (Paris: FTI) (ISIN:GB00BDSFG982) today announced the timing and details regarding its previously announced separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player (“Technip Energies”). The transaction is structured as a spin-off of a majority stake in TechnipFMC’s Technip Energies segment in the form of a share dividend pursuant to which holders of TechnipFMC shares will receive shares of Technip Energies (the “Spin-off”). Subject to satisfactio

LONDON--(BUSINESS WIRE)--  TechnipFMC plc (“TechnipFMC”) (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) announces that on 29 January 2021, it filed a Current Report on Form 8-K (the “Form 8-K”) under the U.S. Securities Exchange Act of 1934, as amended, with the U.S. Securities and Exchange Commission (the “SEC”) disclosing TechnipFMC’s entry into certain material agreements relating to TechnipFMC plc’s previously announced offering of $1,000,000,000 in aggregate principal amount of senior unsecured notes due 2026 (the “Offering”) and certain information contained in the confidential offering memorandum dated January 22, 2021 to potential investors relating to the Offering. Indenture

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC plc (“TechnipFMC”) (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) announces that on 29 January 2021, it filed a Current Report on Form 8-K (the “Form 8-K”) under the U.S. Securities Exchange Act of 1934, as amended, with the U.S. Securities and Exchange Commission (the “SEC”) disclosing TechnipFMC’s entry into certain material agreements relating to TechnipFMC plc’s previously announced offering of $1,000,000,000 in aggregate principal amount of senior unsecured notes due 2026 (the “Offering”) and certain information contained in the confidential offering memorandum dated January 22, 2021 to potential investors rela

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--  TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982): ADVERTISEMENT. This announcement is an advertisement relating to the intention of the Company (as defined below) to proceed with the listing and admission of shares in Technip Energies (the "Shares") on Euronext Paris (the "Listing"). This announcement does not constitute a prospectus. If and when the Listing is launched, further details about the Listing will be included in a prospectus to be published by the Company in relation to the Listing (the "Prospectus"). Once the Prospectus has been approved by the Netherlands Authority for the Financial Markets (Stichting Autoriteit Fina

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982): ADVERTISEMENT. This announcement is an advertisement relating to the intention of the Company (as defined below) to proceed with the listing and admission of shares in Technip Energies (the "Shares") on Euronext Paris (the "Listing"). This announcement does not constitute a prospectus. If and when the Listing is launched, further details about the Listing will be included in a prospectus to be published by the Company in relation to the Listing (the "Prospectus"). Once the Prospectus has been approved by the Netherlands Authority for the Financial Markets (Stichting