Tenaris Successfully Concludes Its Major Share Buyback Program

Author: Lucas Young Updated: 03-04-2025 07:15 PM

Tenaris Completes Its USD700 Million Share Buyback Initiative

Tenaris S.A. (NYSE: TS, BMV: TS.MX, Milan: TEN) has reached a significant milestone by concluding its USD700 million Share Buyback Program that was officially announced earlier. This proactive move reflects the company’s commitment to enhancing shareholder value.

Details of the Share Buyback Program

The buyback initiative commenced on November 11, 2024, and concluded on March 4, 2025. Throughout this period, Tenaris acquired a total of 36,862,132 ordinary shares. This amount represented approximately 3.17% of the company's issued share capital at the onset of the program, amounting to a total investment of €668,198,121, which is equivalent to around USD700 million.

Current Treasury Shares Hold

As of the completion date, Tenaris holds 90,762,598 ordinary shares in treasury. This includes 53,900,466 shares bought as part of a previous USD 1.2 billion Share Buyback Program. These treasury shares now constitute roughly 7.81% of the total issued share capital.

Future Plans for Treasury Shares

Tenaris has indicated its intention to cancel the shares acquired under this buyback program in due time. This strategic move will likely enhance the company’s financial stability and boost the remaining shareholders' equity by reducing the number of outstanding shares.

Corporate Information

Tenaris is recognized as a leading global provider of steel tubes and services tailored for the energy sector, in addition to various other industrial applications. By continuously improving its offerings and responding to market demands, Tenaris aims to maintain strong relationships within the industry.

About Tenaris

With a focus on operational excellence and innovation, Tenaris is dedicated to meeting the challenges of the energy market. The company works closely with its clients to deliver high-quality products and services aimed at addressing evolving industry needs.

Contact Information

For further inquiries, Tenaris can be reached via:

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

Frequently Asked Questions

What is the purpose of Tenaris's Share Buyback Program?

The program aims to enhance shareholder value by repurchasing shares, thus reducing the total number of outstanding shares and increasing earnings per share.

How many shares did Tenaris buy back?

Tenaris repurchased a total of 36,862,132 ordinary shares during the program.

What percentage of shares does Tenaris hold in treasury now?

The company holds approximately 7.81% of its total issued share capital in treasury shares after the buyback initiative.

What plans does Tenaris have for its treasury shares?

Tenaris intends to cancel the shares acquired under the buyback program over time.

How can I get in touch with Tenaris?

You can reach Tenaris through Giovanni Sardagna at 1-888-300-5432 or visit their website at www.tenaris.com for more information.

About The Author

Even at just 28 years old, Lucas Young has made a name for himself as a writer and financial expert. Lucas is a gifted communicator of difficult financial ideas and has written a number of well-received books and articles that appeal to both new and experienced investors. The financial world has come to rely on his perceptive analysis and useful counsel. Many people have been enabled to make wise investment decisions by Lucas's commitment to financial literacy and his ability to demystify the complexities of the market. Lucas is still dedicated to advising and teaching people on their financial journeys as he shares his knowledge.

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