Tenaris S.A. Reports on Share Buyback Program
Ticker: TNRSF · Form: 6-K · Filed: Aug 5, 2024 · CIK: 1190723
| Field | Detail |
|---|---|
| Company | Tenaris SA (TNRSF) |
| Form Type | 6-K |
| Filed Date | Aug 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $300 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, sec-filing
Related Tickers: TEN
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 August 5, 2024, reporting on its Share Buyback Program. The filing covers the period of July 29, 2024, to August 2, 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 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
FAQ
What period does this 6-K filing cover for the Tenaris Share Buyback Program?
This filing covers the period from July 29, 2024, to August 2, 2024.
Which specific tranche of the Share Buyback Program is detailed in this report?
The report details the Fourth Tranche of the Tenaris Share Buyback Program.
What is the filing date of this Form 6-K?
The filing date is August 5, 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 this report being furnished to the SEC?
This report is being furnished to the Securities and Exchange Commission pursuant to Rule 13a-16 and Form 6-K.
Filing Stats: 540 words · 2 min read · ~2 pages · Grade level 8.7 · Accepted 2024-08-05 06:05:11
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_080424.htm (6-K) — 18KB
- header.jpg (GRAPHIC) — 13KB
- small.jpg (GRAPHIC) — 2KB
- 0001171843-24-004419.txt ( ) — 40KB
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 August 4, 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 (July 29, 2024 – August 2, 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: August 4, 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 29, 2024 – August 2, 2024) on the Fourth Tranche of Tenaris Share Buyback Program Luxembourg, August 4, 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 29 to (and including) August 2, 2024: Date Trading Venue Shares Purchased Weighted Average Price (EUR) Purchases in EUR Reference FX Purchases in USD 29-Jul-2024 MTAA 100,800 14.6109 1,472,779 1.0814 1,592,658 30-Jul-2024 MTAA 103,728 14.5679 1,511,099 1.0805 1,632,747 31-Jul-2024 MTAA 86,000 14.6997 1,264,174 1.0820 1,367,839 01-Aug-2024 CEUX 55,400 13.5307 749,601 1.0792 808,968 01-Aug-2024 MTAA 500,000 13.5418 6,770,900 1.0792 7,307,148 02-Aug-2024 CEUX 199,453 13.4013 2,672,929 1.0923 2,919,641 02-Aug-2024 MTAA 523,375 13.3932 7,009,666 1.0923 7,656,670 1,568,756 13.6740 21,451,148 23,285,671 From July 29, 2024 to (and including) August 2, 2024, the Company has purchased a total of 1,568,756 ordinary shares for a total consideration of €21,451,148, equivalent to USD23,285,671. As of August 2, 2024, the Company held in treasury 53,900,466 ordinary shares (including 16,367,003 ordinary shares bought in the second tranche, 18,080,524 ordinary shares bought in the third tranche and 19,452,939 ordinary shares bought in the fourth tranche), equal to 4.6% of the total issued share capital. Tenaris intends to cancel treasury 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.