Tenaris S.A. Reports on Share Buyback Program
Ticker: TNRSF · Form: 6-K · Filed: Apr 15, 2024 · CIK: 1190723
| Field | Detail |
|---|---|
| Company | Tenaris SA (TNRSF) |
| Form Type | 6-K |
| Filed Date | Apr 15, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $300 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, sec-filing
TL;DR
Tenaris's share buyback program is ongoing; check the latest weekly report for details.
AI Summary
Tenaris S.A. filed a Form 6-K on April 15, 2024, reporting on its Share Buyback Program. The filing covers the period from April 8, 2024, to April 12, 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 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) — Registrant
- Giovanni Sardagna (person) — Investor Relations Officer
- April 12, 2024 (date) — Reporting period end date
- April 8, 2024 (date) — Reporting period start date
FAQ
What is the purpose of this Form 6-K filing?
This Form 6-K is filed to report on Tenaris's Weekly Report concerning the Second Tranche of its Share Buyback Program for the period of April 8, 2024, to April 12, 2024.
Who signed the report on behalf of Tenaris, S.A.?
The report was signed by Giovanni Sardagna, Investor Relations Officer, on behalf of Tenaris, S.A.
What is the company's principal executive office address?
The principal executive offices are located at 26, Boulevard Royal, 4th floor, L-2449 Luxembourg.
Does Tenaris file annual reports under Form 20-F or 40-F?
Tenaris indicates it files annual reports under cover of Form 20-F.
What is the SIC code for Tenaris?
The Standard Industrial Classification (SIC) code for Tenaris is 3312, which corresponds to STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS).
Filing Stats: 509 words · 2 min read · ~2 pages · Grade level 9.2 · Accepted 2024-04-15 06:05:18
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_041324.htm (6-K) — 16KB
- logo.jpg (GRAPHIC) — 13KB
- 0001171843-24-002011.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 12, 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 8, 2024 – April 12, 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 12, 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 8, 2024 – April 12, 2024) on the Second Tranche of Tenaris Share Buyback Program Luxembourg, April 12, 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 8 to (and including) April 12, 2024: Date Trading Venue Shares Purchased Weighted Average Price (EUR) Purchases in EUR Reference FX Purchases in USD 08-abr-24 MTAA 9,998 18.5429 185,392 1.0853 201,206 09-abr-24 MTAA 10,000 18.5232 185,232 1.0858 201,125 10-abr-24 MTAA 9,757 18.4641 180,154 1.0752 193,702 11-abr-24 MTAA 10,000 18.4755 184,755 1.0703 197,743 12-abr-24 MTAA 9,988 18.4470 184,249 1.0631 195,875 49,743 18.4907 919,782 989,651 From April 8, 2024 to (and including) April 12, 2024, the Company has purchased a total of 49,743 ordinary shares for a total consideration of €919,782, equivalent to USD989,651. As of April 12, 2024, the Company held in treasury 29,905,895 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.