Tenaris SA 6-K, filed Jan 12, 2024
Tenaris SA (TS)
About this 6-K
Tenaris SA filed this 6-K on January 12, 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 January 12, 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 Press Release announcing Completion of First Tranche of Tenaris Share Buyback Program. Weekly Report (January 8 – January 12, 2024)
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 12, 2024
Tenaris, S.A.
By: /s/ Giovanni Sardagna
Giovanni Sardagna
Investor Relations Officer
Giovanni Sardagna
Tenaris
1-888-300-5432
www.tenaris.com
Completion of First Tranche of Tenaris Share Buyback Program. Weekly Report (January 8 – January 12, 2024)
Luxembourg, January 12, 2024. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today the completion of the first tranche of its previously announced Share Buyback Program.
During the first tranche, which ran from November 6, 2023, to (and including) January 12, 2024, the Company purchased a total of 17,779,302 ordinary shares for a total consideration of €276,201,768, or US$300 million.
From January 8, 2024 to (and including) January 12, 2024, the Company purchased the following ordinary shares:
| Date | Trading Venue | Shares Purchased | Weighted Average Price (EUR) | Purchases in EUR | Reference FX | Purchases in USD |
| 08-ene-24 | MTA | 606,482 | 15.3468 | 9,307,558 | 1.0979 | 10,218,303 |
| 08-ene-24 | CEUX | 285,810 | 15.3463 | 4,386,126 | 1.0979 | 4,815,308 |
| 08-ene-24 | TQEX | 29,562 | 15.3437 | 453,590 | 1.0979 | 497,974 |
| 08-ene-24 | AQXE | 28,377 | 15.3480 | 435,530 | 1.0979 | 478,147 |
| 09-ene-24 | MTA | 606,482 | 15.1197 | 9,169,826 | 1.0972 | 10,060,674 |
| 09-ene-24 | CEUX | 285,810 | 15.1199 | 4,321,419 | 1.0972 | 4,741,244 |
| 09-ene-24 | TQEX | 29,562 | 15.1193 | 446,957 | 1.0972 | 490,379 |
| 09-ene-24 | AQXE | 28,377 | 15.1226 | 429,134 | 1.0972 | 470,824 |
| 10-ene-24 | MTA | 606,482 | 14.8555 | 9,009,593 | 1.0918 | 9,836,674 |
| 10-ene-24 | CEUX | 284,396 | 14.8557 | 4,224,902 | 1.0918 | 4,612,748 |
| 10-ene-24 | TQEX | 29,318 | 14.8544 | 435,501 | 1.0918 | 475,480 |
| 10-ene-24 | AQXE | 28,377 | 14.8547 | 421,532 | 1.0918 | 460,228 |
| 11-ene-24 | MTA | 603,614 | 14.8252 | 8,948,698 | 1.0968 | 9,814,485 |
| 11-ene-24 | CEUX | 58,517 | 14.8235 | 867,427 | 1.0968 | 951,350 |
| 3,511,166 | 15.0542 | 52,857,793 | 57,923,819 |
As of January 12, 2024, the Company held in treasury 17,779,302 ordinary shares, representing 1.51% of its total issued share capital.
Tenaris intends to cancel all shares purchased under the Program 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.
The second tranche of Tenaris’s Share Buyback Program is expected to begin not earlier than February 26, 2024, once Tenaris’s blackout period has ended.
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.