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Tenaris S.A.

Transaction in Own Shares Mar 1, 2024

6230_rns_2024-03-01_e99121fd-a335-487c-89ab-cc3168511f1e.pdf

Transaction in Own Shares

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Informazione
Regolamentata n.
0602-6-2024
Data/Ora Inizio Diffusione
1 Marzo 2024 23:11:47
Euronext Milan
Societa' : TENARIS
Identificativo Informazione
Regolamentata
: 186805
Utenza - Referente : TENARISN02 - Sardagna
Tipologia : 2.4
Data/Ora Ricezione : 1 Marzo 2024 23:11:47
Data/Ora Inizio Diffusione : 1 Marzo 2024 23:11:47
Oggetto : Weekly Report (February 26, 2024 - March 1,
2024) on the Second Tranche of Tenaris Share
Buyback Program
Testo
del
comunicato

Vedi allegato

Giovanni Sardagna Tenaris 1-888-300-5432 www.tenaris.com

Weekly Report (February 26, 2024 - March 1, 2024) on the Second Tranche of Tenaris Share Buyback Program

Luxembourg, March 1, 2024. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Tenaris") announced today that pursuant to its Second Tranche of the Share Buyback Program announced on February 25, 2024, covering up to \$300 million to be executed in the open market, it has repurchased the following ordinary shares from February 26 to (and including) March 1, 2024:

Date Trading Venue Shares
Purchased
Weighted
Average Price
Purchases in
EUR
Reference
FX
Purchases in
USD
26-feb-24 MTAA 751,999 16.5735 12,463,255 1.0851 13,523,878
26-feb-24 CEUX 280,000 16.5702 4,639,656 1.0851 5,034,491
26-feb-24 TQEX 38,000 16.5726 629,759 1.0851 683,351
27-feb-24 MTAA 640,232 16.6683 10,671,579 1.0848 11,577,063
27-feb-24 CEUX 295,800 16.6684 4,930,513 1.0848 5,348,867
27-feb-24 TQEX 39,839 16.6610 663,758 1.0848 720,077
28-feb-24 MTAA 772,335 16.6300 12,843,931 1.0834 13,915,115
28-feb-24 CEUX 299,000 16.6291 4,972,101 1.0834 5,386,774
28-feb-24 TQEX 40,500 16.6218 673,183 1.0834 729,326
29-feb-24 MTAA 584,670 16.5135 9,654,948 1.0822 10,448,585
29-feb-24 CEUX 307,000 16.5126 5,069,368 1.0822 5,486,070
29-feb-24 TQEX 41,512 16.5183 685,708 1.0822 742,073
01-mar-24 MTAA 586,249 16.3802 9,602,876 1.0836 10,405,676
01-mar-24 CEUX 245,074 16.3807 4,014,484 1.0836 4,350,095
01-mar-24 TQEX 43,000 16.3831 704,473 1.0836 763,367
4,965,210 16.5591 82,219,591 89,114,808

From February 26, 2024 to (and including) March 1, 2024, the Company has purchased a total of 4,965,210 ordinary shares for a total consideration of €82,219,591, equivalent to USD89,114,808.

As of March 1, 2024, the Company held in treasury 22,744,512 ordinary shares (including 17,779,302 ordinary shares bought in the first tranche), equal to 1.93% 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.

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