Tenaris S.A. Reports on $700M Share Buyback Program
Ticker: TNRSF · Form: 6-K · Filed: Jan 31, 2025 · CIK: 1190723
| Field | Detail |
|---|---|
| Company | Tenaris SA (TNRSF) |
| Form Type | 6-K |
| Filed Date | Jan 31, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, sec-filing, financial-update
TL;DR
Tenaris's $700M buyback program update is out, covering Jan 27-31.
AI Summary
Tenaris S.A. filed a Form 6-K on January 31, 2025, to report on its USD 700 million Share Buyback Program. The report covers the weekly period from January 27, 2025, to January 31, 2025. The filing was made pursuant to Rule 13a-16 of the Securities Exchange Act of 1934.
Why It Matters
This filing 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 — This is a routine disclosure of a share buyback program update, not indicating new or significant risks.
Key Numbers
- $700 million — Share Buyback Program (Total authorized amount for the buyback program.)
Key Players & Entities
- Tenaris S.A. (company) — Registrant
- USD 700 million (dollar_amount) — Share Buyback Program amount
- January 31, 2025 (date) — Filing date
- January 27, 2025 (date) — Start of reporting period
- January 31, 2025 (date) — End of reporting period
- 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 weekly report cover?
This weekly report covers the period from January 27, 2025, to January 31, 2025.
What form was filed with the SEC?
A Form 6-K was filed with the SEC.
Who signed the report on behalf of Tenaris, S.A.?
Giovanni Sardagna, Investor Relations Officer, signed the report.
Under which rule is this report being furnished to the SEC?
The report is being furnished pursuant to Rule 13a-16 of the Securities Exchange Act of 1934.
Filing Stats: 463 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2025-01-31 17:25:28
Filing Documents
- f6k_013125.htm (6-K) — 12KB
- hdr.jpg (GRAPHIC) — 5KB
- tbl.jpg (GRAPHIC) — 107KB
- hdr2.jpg (GRAPHIC) — 1KB
- 0001171843-25-000559.txt ( ) — 169KB
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 31, 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 Ö 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 27, 2025 – January 31, 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 31, 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 27, 2025 – January 31, 2025) on the USD 700 million Tenaris Share Buyback Program. Luxembourg, January 31, 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 27, 2025 to (and including) January 31, 2025: From January 27, 2025 to (and including) January 31, 2025, the Company has purchased a total of 2,392,510 ordinary shares for a total consideration of €43,719,231, equivalent to USD45,598,620. As of January 31, 2025, the Company held in treasury 83,757,212 ordinary shares (including 53,900,466 ordinary shares bought pursuant to the USD 1.2 billion Share Buyback Program), equal to 7.20% 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.