Tenaris S.A. Reports on Share Buyback Program
Ticker: TNRSF · Form: 6-K · Filed: Jun 24, 2024 · CIK: 1190723
| Field | Detail |
|---|---|
| Company | Tenaris SA (TNRSF) |
| Form Type | 6-K |
| Filed Date | Jun 24, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $300 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-allocation
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 24, 2024, reporting on its Fourth Tranche of the Share Buyback Program for the week of June 17-21, 2024. The filing details the company's ongoing efforts to repurchase its own shares as part of this program.
Why It Matters
This filing provides insight into Tenaris's capital allocation strategy and its commitment to returning value to shareholders through share repurchases.
Risk Assessment
Risk Level: low — The filing is a routine update on a previously announced share buyback program and does not introduce new material risks.
Key Players & Entities
- TENARIS SA (company) — Registrant
- Giovanni Sardagna (person) — Investor Relations Officer
- June 21, 2024 (date) — Report Date
- June 17, 2024 (date) — Start of Reporting Period
FAQ
What is the purpose of this Form 6-K filing?
This Form 6-K filing is to report on Tenaris's Weekly Report (June 17, 2024 – June 21, 2024) on the Fourth Tranche of the Tenaris Share Buyback Program.
Who is the Investor Relations Officer signing this report?
Giovanni Sardagna, Investor Relations Officer, signed the report on behalf of Tenaris, S.A.
What is the filing date of this report?
The filing date of this report is June 24, 2024.
What is the principal executive office address of Tenaris, S.A.?
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 Form 20-F.
Filing Stats: 463 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-06-21 20:50:06
Key Financial Figures
- $300 million — ounced on June 14, 2024, covering up to $300 million to be executed in the open market, it h
Filing Documents
- f6k_062124.htm (6-K) — 10KB
- logo.jpg (GRAPHIC) — 13KB
- table.jpg (GRAPHIC) — 113KB
- small.jpg (GRAPHIC) — 2KB
- 0001171843-24-003575.txt ( ) — 188KB
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 21, 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 17, 2024 – June 21, 2024) on the Fourth 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 21, 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 17, 2024 – June 21, 2024) on the Fourth Tranche of Tenaris Share Buyback Program Luxembourg, June 21, 2024. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that pursuant to its Fourth Tranche of the Share Buyback Program announced on June 14, 2024, covering up to $300 million to be executed in the open market, it has repurchased the following ordinary shares from June 17 to (and including) June 21, 2024: From June 17, 2024 to (and including) June 21, 2024, the Company has purchased a total of 4,679,052 ordinary shares for a total consideration of €67,780,927, equivalent to USD72,666,657. As of June 21, 2024, the Company held in treasury 39,126,579 ordinary shares (including 16,367,003 ordinary shares bought in the second tranche and 18,080,524 ordinary shares bought in the third tranche), equal to 3.36% 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.