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.