6-K 1 f6k_022425.htm FORM 6-K

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 February 21, 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 (February 17, 2025 – February 21, 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: February 21, 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 (February 17, 2025 – February 21, 2025) on the USD 700 million Tenaris Share Buyback Program.

 

Luxembourg, February 21, 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 February 17, 2025 to (and including) February 21, 2025:

 

Date Trading Venue Shares Purchased Weighted Average Price (EUR) Purchases in EUR Reference FX Purchases in USD
17-Feb-25 MTAA 521,282 18.6605 9,727,383 1.0477 10,191,379
17-Feb-25 CEUX 323,000 18.6618 6,027,761 1.0477 6,315,286
17-Feb-25 TQEX 44,000 18.6508 820,635 1.0477 859,779
17-Feb-25 AQEU 36,000 18.6493 671,375 1.0477 703,399
18-Feb-25 MTAA 450,000 18.7030 8,416,350 1.0464 8,806,869
18-Feb-25 CEUX 190,000 18.7085 3,554,615 1.0464 3,719,549
18-Feb-25 TQEX 40,000 18.7106 748,424 1.0464 783,151
18-Feb-25 AQEU 30,000 18.6967 560,901 1.0464 586,927
19-Feb-25 MTAA 450,000 18.6999 8,414,955 1.0424 8,771,749
19-Feb-25 CEUX 210,000 18.7018 3,927,378 1.0424 4,093,899
19-Feb-25 TQEX 30,000 18.6809 560,427 1.0424 584,189
19-Feb-25 AQEU 20,000 18.6818 373,636 1.0424 389,478
20-Feb-25 MTAA 30,000 18.4174 552,522 1.0474 578,712
21-Feb-25 MTAA 30,000 18.4048 552,144 1.0456 577,322
    2,404,282 18.6786 44,908,506   46,961,687
             

 

From February 17, 2025 to (and including) February 21, 2025, the Company has purchased a total of 2,404,282 ordinary shares for a total consideration of €44,908,506, equivalent to USD46,961,687.

 

As of February 21, 2025, the Company held in treasury 89,945,494 ordinary shares (including 53,900,466 ordinary shares bought pursuant to the USD 1.2 billion Share Buyback Program), equal to 7.74% 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.