Tenaris SA Weekly Share Buyback Update
Ticker: TNRSF · Form: 6-K · Filed: Dec 16, 2024 · CIK: 1190723
| Field | Detail |
|---|---|
| Company | Tenaris SA (TNRSF) |
| Form Type | 6-K |
| Filed Date | Dec 16, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-allocation, sec-filing
TL;DR
Tenaris is still buying back stock under its $700M program, check the latest weekly report.
AI Summary
Tenaris S.A. filed a Form 6-K on December 16, 2024, reporting on its USD 700 million Share Buyback Program for the week of December 9-13, 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 investors with transparency on 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 contain new material risks.
Key Numbers
- USD 700 million — Share Buyback Program (Total authorized amount for share repurchases.)
Key Players & Entities
- TENARIS SA (company) — Registrant
- USD 700 million (dollar_amount) — Share Buyback Program amount
- December 9, 2024 – December 13, 2024 (date) — Reporting period for the weekly report
- Giovanni Sardagna (person) — Investor Relations Officer
FAQ
What is the total amount authorized for Tenaris's Share Buyback Program?
The total amount authorized for the Share Buyback Program is USD 700 million.
What period does this specific 6-K filing cover?
This filing covers the weekly report period from December 9, 2024, to December 13, 2024.
What is the purpose of this Form 6-K filing?
The purpose is to report on Tenaris's Share Buyback Program for the specified week.
Who signed this report on behalf of Tenaris, S.A.?
The report was signed by Giovanni Sardagna, Investor Relations Officer.
Under which SEC rule is this report being filed?
This report is being furnished 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 11.4 · Accepted 2024-12-16 06:05:37
Filing Documents
- f6k_121324.htm (6-K) — 10KB
- hdr.jpg (GRAPHIC) — 13KB
- table.jpg (GRAPHIC) — 84KB
- small.jpg (GRAPHIC) — 2KB
- 0001171843-24-006953.txt ( ) — 149KB
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 December 13, 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 (December 9, 2024 – December 13, 2024) on the USD 700 million 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: December 13, 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 (December 9, 2024 – December 13, 2024) on the USD 700 million Tenaris Share Buyback Program. Luxembourg, December 13, 2024. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that pursuant to its up to USD 700 million Share Buyback Program announced on November 10, 2024, (subject to a maximum of 46,373,915 ordinary shares), to be executed in the open market, it has repurchased the following ordinary shares from December 9, 2024 to (and including) December 13, 2024: From December 9, 2024 to (and including) December 13, 2024, the Company has purchased a total of 1,100,000 ordinary shares for a total consideration of €20,337,230, equivalent to USD21,366,502. As of December 13, 2024, the Company held in treasury 73,783,869 ordinary shares (including 53,900,466 ordinary shares bought pursuant to the USD 1.2 billion Share Buyback Program), equal to 6.35% of the total issued share capital. Tenaris intends to cancel treasury shares purchased under the Programs 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.