Tenaris S.A. Reports on $700M Share Buyback Program
Ticker: TNRSF · Form: 6-K · Filed: Jan 27, 2025 · CIK: 1190723
| Field | Detail |
|---|---|
| Company | Tenaris SA (TNRSF) |
| Form Type | 6-K |
| Filed Date | Jan 27, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, sec-filing, foreign-private-issuer
TL;DR
Tenaris's $700M buyback program update is out for Jan 20-24.
AI Summary
Tenaris S.A. filed a Form 6-K on January 27, 2025, reporting on its USD 700 million Share Buyback Program for the week of January 20-24, 2025. The filing was made as of January 24, 2025, and includes information relevant to its status as a foreign private issuer filing under the 1934 Act.
Why It Matters
This report provides an update on Tenaris's ongoing share buyback program, which can impact the company's stock price and shareholder value.
Risk Assessment
Risk Level: low — The filing is a routine update on a previously announced share buyback program and does not contain new material financial or operational information.
Key Numbers
- $700 million — Share Buyback Program (Total authorized amount for the buyback program.)
Key Players & Entities
- TENARIS SA (company) — Registrant
- USD 700 million (dollar_amount) — Share Buyback Program amount
- January 20, 2025 (date) — Start of reporting period
- January 24, 2025 (date) — End of reporting period and filing date
- Giovanni Sardagna (person) — Investor Relations Officer
FAQ
What is the total value of the Share Buyback Program being reported on?
The Share Buyback Program is valued at USD 700 million.
What period does this report cover?
This report covers the week of January 20, 2025, to January 24, 2025.
What form is being filed?
A Form 6-K is being filed.
Who signed the report on behalf of Tenaris, S.A.?
Giovanni Sardagna, Investor Relations Officer, signed the report.
What is Tenaris's primary business classification according to the filing?
Tenaris S.A. is classified under STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312].
Filing Stats: 462 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2025-01-24 20:03:15
Filing Documents
- f6k_012425.htm (6-K) — 10KB
- hdr.jpg (GRAPHIC) — 5KB
- table.jpg (GRAPHIC) — 87KB
- hdr2.jpg (GRAPHIC) — 1KB
- 0001171843-25-000410.txt ( ) — 140KB
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 24, 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 20, 2025 – January 24, 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 24, 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 20, 2025 – January 24, 2025) on the USD 700 million Tenaris Share Buyback Program. Luxembourg, January 24, 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 20, 2025 to (and including) January 24, 2025: From January 20, 2025 to (and including) January 24, 2025, the Company has purchased a total of 938,888 ordinary shares for a total consideration of €17,505,743, equivalent to USD18,313,995. As of January 24, 2025, the Company held in treasury 81,364,702 ordinary shares (including 53,900,466 ordinary shares bought pursuant to the USD 1.2 billion Share Buyback Program), equal to 7.00% 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.