Tenaris SA Weekly Report: $700M Share Buyback Update
Ticker: TNRSF · Form: 6-K · Filed: Jan 17, 2025 · CIK: 1190723
| Field | Detail |
|---|---|
| Company | Tenaris SA (TNRSF) |
| Form Type | 6-K |
| Filed Date | Jan 17, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, sec-filing, capital-allocation
TL;DR
Tenaris's $700M buyback program is active; weekly update filed Jan 17.
AI Summary
Tenaris SA announced its Weekly Report for January 13-17, 2025, detailing its ongoing USD 700 million Share Buyback Program. The report was filed with the SEC on January 17, 2025, as a Form 6-K. Giovanni Sardagna, Investor Relations Officer, signed the filing.
Why It Matters
This filing provides investors with a regular update on Tenaris's capital allocation strategy through its share buyback program, indicating management's confidence in the company's valuation.
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
- $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 13, 2025 – January 17, 2025 (date) — Reporting period for Weekly Report
- January 17, 2025 (date) — Filing date
- Giovanni Sardagna (person) — Investor Relations Officer
FAQ
What is the total amount authorized for Tenaris SA's Share Buyback Program?
The total amount authorized for the Share Buyback Program is USD 700 million.
What period does the latest Weekly Report cover?
The latest Weekly Report covers the period from January 13, 2025, to January 17, 2025.
On what date was this Form 6-K filed with the SEC?
This Form 6-K was filed with the SEC on January 17, 2025.
Who signed the Form 6-K on behalf of Tenaris SA?
Giovanni Sardagna, Investor Relations Officer, signed the Form 6-K.
What type of filing is this report under the Securities Exchange Act of 1934?
This report is filed as a Form 6-K, a Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16.
Filing Stats: 462 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2025-01-17 17:07:40
Filing Documents
- f6k_011725.htm (6-K) — 10KB
- hdr.jpg (GRAPHIC) — 5KB
- table.jpg (GRAPHIC) — 86KB
- hdr2.jpg (GRAPHIC) — 1KB
- 0001171843-25-000320.txt ( ) — 137KB
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 17, 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 13, 2025 – January 17, 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 17, 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 13, 2025 – January 17, 2025) on the USD 700 million Tenaris Share Buyback Program. Luxembourg, January 17, 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 13, 2025 to (and including) January 17, 2025: From January 13, 2025 to (and including) January 17, 2025, the Company has purchased a total of 844,921 ordinary shares for a total consideration of €16,068,378, equivalent to USD16,540,363. As of January 17, 2025, the Company held in treasury 80,425,814 ordinary shares (including 53,900,466 ordinary shares bought pursuant to the USD 1.2 billion Share Buyback Program), equal to 6.92% 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.