Tenaris S.A. 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 July 8, 2024, reporting on its Share Buyback Program. The filing covers the period from July 1, 2024, to July 5, 2024, detailing the Fourth Tranche of the program. Giovanni Sardagna, Investor Relations Officer, signed the report.

Why It Matters

This filing provides transparency on Tenaris's ongoing share repurchase 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 new financial risks.

Key Players & Entities

• TENARIS SA (company) — Registrant
• Giovanni Sardagna (person) — Investor Relations Officer
• July 5, 2024 (date) — Reporting period end date
• July 1, 2024 (date) — Reporting period start date

FAQ

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_070524.htm (6-K) — 10KB
• header1.jpg (GRAPHIC) — 13KB
• table.jpg (GRAPHIC) — 117KB
• small.jpg (GRAPHIC) — 2KB
• 0001171843-24-003826.txt ( ) — 194KB

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 July 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 ✓ 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 (July 1, 2024 – July 5, 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: July 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 (July 1, 2024 – July 5, 2024) on the Fourth Tranche of Tenaris Share Buyback Program Luxembourg, July 5, 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 July 1 to (and including) July 5, 2024: From July 1, 2024 to (and including) July 5, 2024, the Company has purchased a total of 3,690,541 ordinary shares for a total consideration of €53,195,928, equivalent to USD57,337,091. As of July 5, 2024, the Company held in treasury 47,433,120 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 4.08% 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