Tenaris SA Reports on Share Buyback Program

TL;DR

Tenaris's share buyback program update is out, check the latest on their stock repurchases.

AI Summary

Tenaris S.A. filed a Form 6-K on March 29, 2024, reporting on its Weekly Report from March 25-28, 2024, concerning the Second Tranche of its Share Buyback Program. The filing was made as of March 28, 2024, and signed by Giovanni Sardagna, Investor Relations Officer.

Why It Matters

This filing provides an update on Tenaris's ongoing share buyback program, which can impact the company's stock price and shareholder value.

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 28, 2024 (date) — Date as of which the report is filed
• March 25, 2024 – March 28, 2024 (date) — Period covered by the Weekly Report

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_032824report.htm (6-K) — 16KB
• hdr.jpg (GRAPHIC) — 5KB
• hdr2.jpg (GRAPHIC) — 1KB
• 0001171843-24-001703.txt ( ) — 25KB

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 28, 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 ✓ 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 25, 2024 – March 28, 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 28, 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 25, 2024 - March 28, 2024) on the Second Tranche of Tenaris Share Buyback Program Luxembourg, March 28, 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 25 to (and including) March 28, 2024: Date Trading Venue Shares Purchased Weighted Average Price (EUR) Purchases in EUR Reference FX Purchases in USD 25-mar-24 MTAA 10,000 18.2418 182,418 1.0838 197,705 26-mar-24 MTAA 9,862 18.3562 181,029 1.0827 196,000 27-mar-24 MTAA 9,701 18.3544 178,056 1.0820 192,657 28-mar-24 MTAA 10,000 18.3150 183,150 1.0803 197,848 39,563 18.3164 724,653 784,209 From March 25, 2024 to (and including) March 28, 2024, the Company has purchased a total of 39,563 ordinary shares for a total consideration of €724,653, equivalent to USD784,209. As of March 28, 2024, the Company held in treasury 29,816,152 ordinary shares (including 17,779,302 ordinary shares bought in the first tranche), equal to 2.53% 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