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 November 24th, 2023

 

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 (November 20, 2023 - November 24, 2023) on the First Tranche of Tenaris 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: November 24th, 2023

 

 

 

Tenaris, S.A.

 

 

 

 

By: /s/ Giovanni Sardagna

Giovanni Sardagna

Investor Relations Officer

 

 

 

 

Giovanni Sardagna

Tenaris

1-888-300-5432

www.tenaris.com

 

 

Weekly Report (November 20, 2023 - November 24, 2023) on the First Tranche of Tenaris Share Buyback Program

 

Luxembourg, November 24, 2023. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that pursuant to its First Tranche of the Share Buyback Program announced on November 5, 2023, covering up to $300 million to be executed in the open market, it has repurchased the following ordinary shares from November 20 to (and including) November 24, 2023:

 

Date Trading Venue Shares Purchased Weighted Average Price (EUR) Purchases in EUR Reference FX Purchases in USD
20-nov-23 MTA 8,904 15.5400 138,368 1.0888 150,648
20-nov-23 CEUX 6,606 15.5400 102,657 1.0888 111,768
20-nov-23 TQEX 4,713 15.5400 73,240 1.0888 79,740
20-nov-23 AQXE 120 15.5400 1,865 1.0888 2,030
21-nov-23 MTA 606,482 15.6160 9,470,823 1.0940 10,360,607
21-nov-23 CEUX 285,810 15.6140 4,462,637 1.0940 4,881,902
21-nov-23 TQEX 29,255 15.6151 456,820 1.0940 499,738
21-nov-23 AQXE 28,377 15.6160 443,135 1.0940 484,768
22-nov-23 MTA 606,482 15.3539 9,311,864 1.0935 10,182,058
22-nov-23 CEUX 285,810 15.3417 4,384,811 1.0935 4,794,572
22-nov-23 TQEX 29,255 15.3428 448,854 1.0935 490,799
22-nov-23 AQXE 28,377 15.3441 435,420 1.0935 476,109
23-nov-23 MTA 3,222 15.3800 49,554 1.0867 53,848
23-nov-23 CEUX 6,130 15.3800 94,279 1.0867 102,449
23-nov-23 TQEX 5,590 15.3800 85,974 1.0867 93,424
23-nov-23 AQXE 7,276 15.3800 111,905 1.0867 121,601
24-nov-23 MTA 13,298 15.3954 204,727 1.0910 223,358
24-nov-23 CEUX 10,399 15.3958 160,100 1.0910 174,670
24-nov-23 TQEX 3,792 15.4000 58,397 1.0910 63,711
24-nov-23 AQXE 3,704 15.4000 57,042 1.0910 62,232
    1,973,602 15.4806 30,552,473   33,410,032

 

 

 

 

From November 6, 2023 to (and including) November 24, 2023, the Company has purchased a total of 6,867,962 ordinary shares for a total consideration of €108,790,909, equivalent to USD117,692,954.

 

As of November 24, 2023, the Company held in treasury 6,867,962 ordinary shares equal to 0.58% of the 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.

 

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.