Tenaris S.A. Weekly Report: USD 700M Share Buyback Continues

TL;DR

Tenaris's $700M buyback is still active, reps buying shares.

AI Summary

Tenaris S.A. filed a 6-K report on December 23, 2024, detailing its Share Buyback Program. The report covers the period from December 16 to December 20, 2024, and confirms the ongoing USD 700 million share repurchase program. Giovanni Sardagna signed the report on behalf of Tenaris S.A. on December 20, 2024.

Why It Matters

This filing provides an update on Tenaris's significant share buyback program, indicating continued capital return to shareholders and confidence in the company's valuation.

Risk Assessment

Risk Level: low — The filing is a routine update on an existing 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 16, 2024 – December 20, 2024 (date) — Reporting period for Weekly Report
• Giovanni Sardagna (person) — Signatory for Tenaris S.A.
• December 20, 2024 (date) — Date of signature

FAQ

Filing Documents

• f6k_122024.htm (6-K) — 10KB
• header.jpg (GRAPHIC) — 13KB
• table.jpg (GRAPHIC) — 139KB
• small.jpg (GRAPHIC) — 2KB
• 0001171843-24-007050.txt ( ) — 224KB

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 20, 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 16, 2024 – December 20, 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 20, 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 16, 2024 – December 20, 2024) on the USD 700 million Tenaris Share Buyback Program. Luxembourg, December 20, 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 16, 2024 to (and including) December 20, 2024: From December 16, 2024 to (and including) December 20, 2024, the Company has purchased a total of 3,632,837 ordinary shares for a total consideration of €65,522,936, equivalent to USD68,438,090. As of December 20, 2024, the Company held in treasury 77,416,706 ordinary shares (including 53,900,466 ordinary shares bought pursuant to the USD 1.2 billion Share Buyback Program), equal to 6.66% 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.

View Full Filing

View this 6-K filing on SEC EDGAR