Tenaris S.A. Reports on Share Buyback Program
Ticker: TNRSF · Form: 6-K · Filed: Jul 29, 2024 · CIK: 1190723
| Field | Detail |
|---|---|
| Company | Tenaris SA (TNRSF) |
| Form Type | 6-K |
| Filed Date | Jul 29, 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
Related Tickers: TEN
TL;DR
Tenaris's share buyback program is chugging along, check the latest weekly report.
AI Summary
Tenaris S.A. filed a Form 6-K on July 29, 2024, reporting on its Share Buyback Program. The filing covers the period of July 22, 2024, to July 26, 2024, specifically 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 stock value 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
- July 26, 2024 (date) — Report Date
- July 22, 2024 (date) — Reporting Period Start
- July 29, 2024 (date) — Filing Date
FAQ
What specific program is Tenaris S.A. reporting on in this 6-K filing?
Tenaris S.A. is reporting on the Fourth Tranche of its Share Buyback Program.
What is the reporting period covered by this filing?
The reporting period covered is from July 22, 2024, to July 26, 2024.
When was this Form 6-K filed with the SEC?
This Form 6-K was filed on July 29, 2024.
Who signed this report on behalf of Tenaris S.A.?
The report was signed by Giovanni Sardagna, Investor Relations Officer.
Under which rule is Tenaris S.A. furnishing this report to the SEC?
Tenaris S.A. is furnishing this report pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934.
Filing Stats: 462 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-07-29 06:05:48
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_072624.htm (6-K) — 10KB
- header.jpg (GRAPHIC) — 13KB
- table.jpg (GRAPHIC) — 83KB
- small.jpg (GRAPHIC) — 2KB
- 0001171843-24-004193.txt ( ) — 147KB
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 26, 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 22, 2024 – July 26, 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 26, 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 22, 2024 – July 26, 2024) on the Fourth Tranche of Tenaris Share Buyback Program Luxembourg, July 26, 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 22 to (and including) July 26, 2024: From July 22, 2024 to (and including) July 26, 2024, the Company has purchased a total of 827,733 ordinary shares for a total consideration of €11,941,848, equivalent to USD12,966,301. As of July 26, 2024, the Company held in treasury 52,331,710 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 4.5% 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.