Tenaris Reports on Share Buyback Program

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 June 10, 2024, reporting on its share buyback program. The filing covers the period of June 3, 2024, to June 7, 2024, detailing the Third Tranche of the Tenaris Share Buyback Program. Giovanni Sardagna, Investor Relations Officer, signed the report.

Why It Matters

This filing provides transparency on Tenaris's capital allocation strategy and its ongoing efforts to return value to shareholders through share repurchases.

Risk Assessment

Risk Level: low — The filing is a routine report 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
• June 7, 2024 (date) — Report Date
• June 3, 2024 (date) — Reporting Period Start

FAQ

Key Financial Figures

• $300 million — nounced on May 12, 2024, covering up to $300 million to be executed in the open market, it h

Filing Documents

• f6k_060724.htm (6-K) — 11KB
• header.jpg (GRAPHIC) — 13KB
• table1.jpg (GRAPHIC) — 164KB
• small.jpg (GRAPHIC) — 2KB
• 0001171843-24-003349.txt ( ) — 260KB

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 June 7, 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 (June 3, 2024 – June 7, 2024) on the Third 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: June 7, 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 (June 3, 2024 – June 7, 2024) on the Third Tranche of Tenaris Share Buyback Program Luxembourg, June 7, 2024. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that pursuant to its Third Tranche of the Share Buyback Program announced on May 12, 2024, covering up to $300 million to be executed in the open market, it has repurchased the following ordinary shares from June 3 to (and including) June 7, 2024: From June 3, 2024 to (and including) June 7, 2024, the Company has purchased a total of 5,146,900 ordinary shares for a total consideration of €76,706,376, equivalent to USD83,306,370. As of June 7, 2024, the Company held in treasury 31,478,880 ordinary shares (including 16,367,003 ordinary shares bought in the second tranche), equal to 2.71% 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