Tenaris S.A. Weekly Report: USD 700M Share Buyback Program Update
Ticker: TNRSF · Form: 6-K · Filed: Jan 13, 2025 · CIK: 1190723
| Field | Detail |
|---|---|
| Company | Tenaris SA (TNRSF) |
| Form Type | 6-K |
| Filed Date | Jan 13, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return, sec-filing
TL;DR
Tenaris's $700M buyback program is active; weekly update filed.
AI Summary
Tenaris S.A. filed a 6-K report on January 13, 2025, detailing its Weekly Report from January 6-10, 2025. The report focuses on the company's ongoing USD 700 million Share Buyback Program. Giovanni Sardagna, Investor Relations Officer, signed the report on January 10, 2025.
Why It Matters
This filing provides investors with a regular update on Tenaris's capital allocation strategy, specifically its commitment to returning value 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
- January 6, 2025 – January 10, 2025 (date) — Reporting period for the Weekly Report
- Giovanni Sardagna (person) — Investor Relations Officer
- January 10, 2025 (date) — Date of report signature
FAQ
What is the primary purpose of this 6-K filing?
The primary purpose is to report Tenaris's Weekly Report for January 6-10, 2025, which provides an update on its USD 700 million Share Buyback Program.
What is the total value of the Share Buyback Program mentioned?
The Share Buyback Program is valued at USD 700 million.
Who signed the report on behalf of Tenaris, S.A.?
Giovanni Sardagna, Investor Relations Officer, signed the report.
On what date was the report signed?
The report was signed on January 10, 2025.
What period does the Weekly Report cover?
The Weekly Report covers the period from January 6, 2025, to January 10, 2025.
Filing Stats: 463 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2025-01-10 20:38:42
Filing Documents
- f6k_011025.htm (6-K) — 10KB
- hdr.jpg (GRAPHIC) — 5KB
- table.jpg (GRAPHIC) — 88KB
- hdr2.jpg (GRAPHIC) — 1KB
- 0001171843-25-000176.txt ( ) — 141KB
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 January 10, 2025 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 (January 6, 2025 – January 10, 2025) 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: January 10, 2025 Tenaris, S.A. By: /s/ Giovanni Sardagna Giovanni Sardagna Investor Relations Officer Giovanni Sardagna Tenaris 1-888-300-5432 www.tenaris.com Weekly Report (January 6, 2025 – January 10, 2025) on the USD 700 million Tenaris Share Buyback Program. Luxembourg, January 10, 2025. - 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 January 6, 2025 to (and including) January 10, 2025: From January 6, 2025 to (and including) January 10, 2025, the Company has purchased a total of 745,556 ordinary shares for a total consideration of €13,783,568 , equivalent to USD14,280,155. As of January 10, 2025, the Company held in treasury 79,580,893 ordinary shares (including 53,900,466 ordinary shares bought pursuant to the USD 1.2 billion Share Buyback Program), equal to 6.84% 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.