Tenaris S.A. Reports on Share Buyback Program

TL;DR

Tenaris's share buyback program update is out, covering March 11-15.

AI Summary

Tenaris S.A. filed a Form 6-K on March 18, 2024, reporting on its Share Buyback Program. The filing covers the period from March 11 to March 15, 2024, detailing the second tranche of the program. Giovanni Sardagna, Investor Relations Officer, signed the report.

Why It Matters

This filing provides an update on Tenaris's share repurchase activities, which can impact share price and investor confidence.

Risk Assessment

Risk Level: low — The filing is a routine update on a share buyback program and does not contain significant new financial or operational risks.

Key Players & Entities

• TENARIS SA (company) — Filer of the report
• Giovanni Sardagna (person) — Investor Relations Officer who signed the report
• March 15, 2024 (date) — Date of the report
• March 11, 2024 (date) — Start date of the reporting period for the share buyback program
• March 15, 2024 (date) — End date of the reporting period for the share buyback program

FAQ

Key Financial Figures

• $300 million — ed on February 25, 2024, covering up to $300 million to be executed in the open market, it h

Filing Documents

• f6k_031524.htm (6-K) — 18KB
• hdr.jpg (GRAPHIC) — 5KB
• hdr2.jpg (GRAPHIC) — 1KB
• 0001171843-24-001389.txt ( ) — 27KB

From the Filing

FORM 6 - K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a - 16 or 15d - 16 of the Securities Exchange Act of 1934 As of March 15, 2024 TENARIS, S.A. (Translation of Registrant's name into English) 26, Boulevard Royal, 4th floor L-2449 Luxembourg (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or 40-F. Form 20-F _ Ö _ Form 40-F ___ The attached material is being furnished to the Securities and Exchange Commission pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934, as amended. This report contains Tenaris’s Weekly Report (March 11, 2024 – March 15, 2024) on the Second Tranche of Tenaris Share Buyback Program. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: March 15, 2024 Tenaris, S.A. By: /s/ Giovanni Sardagna Giovanni Sardagna Investor Relations Officer Giovanni Sardagna Tenaris 1-888-300-5432 www.tenaris.com Weekly Report (March 11, 2024 - March 15, 2024) on the Second Tranche of Tenaris Share Buyback Program Luxembourg, March 15, 2024. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that pursuant to its Second Tranche of the Share Buyback Program announced on February 25, 2024, covering up to $300 million to be executed in the open market, it has repurchased the following ordinary shares from March 11 to (and including) March 15, 2024: Date Trading Venue Shares Purchased Weighted Average Price (EUR) Purchases in EUR Reference FX Purchases in USD 11-mar-24 MTAA 485,287 17.2438 8,368,192 1.0927 9,143,923 12-mar-24 MTAA 199,616 17.5437 3,502,003 1.0917 3,823,137 13-mar-24 MTAA 30,000 17.7366 532,098 1.0943 582,275 14-mar-24 MTAA 30,000 17.9032 537,096 1.0887 584,736 15-mar-24 MTAA 29,623 17.8198 527,876 1.0887 574,699 774,526 17.3878 13,467,265 14,708,770 From March 11, 2024 to (and including) March 15, 2024, the Company has purchased a total of 774,526 ordinary shares for a total consideration of €13,467,265, equivalent to USD14,708,770. As of March 15, 2024, the Company held in treasury 29,651,982 ordinary shares (including 17,779,302 ordinary shares bought in the first tranche), equal to 2.51% of the total issued share capital. Tenaris intends to cancel all shares purchased under the Program in due course. Details of the above transactions, are available on Tenaris’s corporate website under the Share Buyback Program Section https://ir.tenaris.com/share-buyback-program. Some of the statements contained in this press release are “forward-looking risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies. Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.

View Full Filing

View this 6-K filing on SEC EDGAR