Tenaris SA 6-K, filed Dec 27, 2024
Tenaris SA (TS)
About this 6-K
Tenaris SA filed this 6-K on December 27, 2024.
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 statements”. Forward-looking statements are based on management’s current views and assumptions and involve known and unknown 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.