Tenaris SA Updates Share Buyback Program

TL;DR

Tenaris's $700M buyback program continues; weekly update filed.

AI Summary

Tenaris S.A. filed a Form 6-K on December 27, 2024, reporting on its USD 700 million Share Buyback Program for the week of December 23-27, 2024. The filing provides an update on the progress of this ongoing program.

Why It Matters

This filing provides 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 an existing share buyback program and does not introduce new material risks.

Key Numbers

• 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 27, 2024 (date) — Filing date
• Giovanni Sardagna (person) — Investor Relations Officer

FAQ

Filing Documents

• f6k_1222724.htm (6-K) — 16KB
• hdr.jpg (GRAPHIC) — 5KB
• hdr2.jpg (GRAPHIC) — 1KB
• 0001171843-24-007092.txt ( ) — 26KB

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 27, 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 23, 2024 – December 27, 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 27, 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 23, 2024 – December 27, 2024) on the USD 700 million Tenaris Share Buyback Program. Luxembourg, December 27, 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 23, 2024 to (and including) December 27, 2024: Date Trading Venue Shares Purchased Weighted Average Price (EUR) Purchases in EUR Reference FX Purchases in USD 23-Dec-24 MTAA 233,597 17.9189 4,185,801 1.0391 4,349,466 27-Dec-24 MTAA 331,607 18.1377 6,014,588 1.0423 6,269,005 565,204 18.0473 10,200,390 10,618,471 From December 23, 2024 to (and including) December 27, 2024, the Company has purchased a total of 565,204 ordinary shares for a total consideration of €10,200,390, equivalent to USD10,618,471. As of December 27, 2024, the Company held in treasury 77,981,910 ordinary shares (including 53,900,466 ordinary shares bought pursuant to the USD 1.2 billion Share Buyback Program), equal to 6.71% 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