Tenaris S.A. Reports on Share Buyback Program
Ticker: TNRSF · Form: 6-K · Filed: Apr 8, 2024 · CIK: 1190723
| Field | Detail |
|---|---|
| Company | Tenaris SA (TNRSF) |
| Form Type | 6-K |
| Filed Date | Apr 8, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $300 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, sec-filing, company-update
TL;DR
Tenaris's share buyback program is ongoing; check the latest weekly report for details.
AI Summary
Tenaris S.A. filed a 6-K report on April 8, 2024, detailing its Weekly Report for April 1-5, 2024. This report specifically covers the Second Tranche of the Tenaris Share Buyback Program. The filing was made as of April 5, 2024, and signed by Giovanni Sardagna, Investor Relations Officer.
Why It Matters
This filing provides transparency on Tenaris's ongoing share buyback 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) — Registrant
- Giovanni Sardagna (person) — Investor Relations Officer
- April 5, 2024 (date) — Report Date
- April 1, 2024 (date) — Reporting Period Start
- April 8, 2024 (date) — Filing Date
FAQ
What specific period does the Weekly Report cover?
The Weekly Report covers the period from April 1, 2024, to April 5, 2024.
What is the main subject of the attached material?
The attached material is Tenaris's Weekly Report on the Second Tranche of its Share Buyback Program.
Who signed the report on behalf of Tenaris, S.A.?
The report was signed by Giovanni Sardagna, Investor Relations Officer.
Under which rule is this report being furnished to the SEC?
This report is being furnished pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934.
What is Tenaris S.A.'s principal executive office address?
Tenaris S.A.'s principal executive offices are located at 26, Boulevard Royal, 4th floor, L-2449 Luxembourg.
Filing Stats: 502 words · 2 min read · ~2 pages · Grade level 9.6 · Accepted 2024-04-05 21:25:03
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_040524.htm (6-K) — 16KB
- logo.jpg (GRAPHIC) — 13KB
- 0001171843-24-001884.txt ( ) — 35KB
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 April 5, 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 (April 1, 2024 – April 5, 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: April 5, 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 (April 1, 2024 – April 5, 2024) on the Second Tranche of Tenaris Share Buyback Program Luxembourg, April 5, 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 April 1 to (and including) April 5, 2024: Date Trading Venue Shares Purchased Weighted Average Price (EUR) Purchases in EUR Reference FX Purchases in USD 02-abr-24 MTAA 10,000 18.4169 184,169 1.0765 198,258 03-abr-24 MTAA 10,000 18.5389 185,389 1.0823 200,647 04-abr-24 MTAA 10,000 18.6116 186,116 1.0868 202,271 05-abr-24 MTAA 10,000 18.4992 184,992 1.0817 200,106 40,000 18.5167 740,666 801,281 From April 1, 2024 to (and including) April 5, 2024, the Company has purchased a total of 40,000 ordinary shares for a total consideration of €740,666, equivalent to USD801,281. As of April 5, 2024, the Company held in treasury 29,856,152 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.