AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Tenaris S.A.

Transaction in Own Shares Mar 15, 2024

6230_pos_2024-03-15_e87dea42-6791-4127-880f-9d70babc5639.pdf

Transaction in Own Shares

Open in Viewer

Opens in native device viewer

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

Weekly Report (March 11, 2024 - March 15, 2024) on the Second Tranche of Tenaris Share Buyback Program

Luxembourg, March 15, 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 March 11 to (and including) March 15, 2024:

Date Trading Venue Shares
Purchased
Weighted
Average Price
(EUR)
Purchases in
EUR
Reference
FX
Purchases in
USD
11-mar-24 MTAA 485,287 17.2438 8,368,192 1.0927 9,143,923
12-mar-24 MTAA 199,616 17.5437 3,502,003 1.0917 3,823,137
13-mar-24 MTAA 30,000 17.7366 532,098 1.0943 582,275
14-mar-24 MTAA 30,000 17.9032 537,096 1.0887 584,736
15-mar-24 MTAA 29,623 17.8198 527,876 1.0887 574,699
774,526 17.3878 13,467,265 14,708,770

From March 11, 2024 to (and including) March 15, 2024, the Company has purchased a total of 774,526 ordinary shares for a total consideration of €13,467,265, equivalent to USD14,708,770.

As of March 15, 2024, the Company held in treasury 29,651,982 ordinary shares (including 17,779,302 ordinary shares bought in the first tranche), equal to 2.51% 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.

Talk to a Data Expert

Have a question? We'll get back to you promptly.