TENARIS S.A. Giovanni Sardagna Tenaris
1-888-300-5432 www.tenaris.com
Weekly Report (May 20, 2024 - May 24, 2024) on the Third Tranche of Tenaris Share Buyback Program
Luxembourg, May 25, 2024. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Tenaris") announced today that pursuant to its Third Tranche of the Share Buyback Program announced on May 12, 2024, covering up to $300 million to be executed in the open market, it has repurchased the following ordinary shares from May 20 to (and including) May 24, 2024:
Date | Trading | Shares Purchased | Weighted Average | Purchases in | Reference | Purchases in | ||||||
Venue | Price (EUR) | EUR | FX | USD | ||||||||
20-May-2024 | CEUX | 313,000 | 15.8419 | 4,958,515 | 1.0866 | 5,387,922 | ||||||
20-May-2024 | MTAA | 679,000 | 15.8420 | 10,756,718 | 1.0866 | 11,688,250 | ||||||
20-May-2024 | TQEX | 53,000 | 15.8414 | 839,594 | 1.0866 | 912,303 | ||||||
21-May-2024 | CEUX | 307,400 | 15.8958 | 4,886,369 | 1.0860 | 5,306,597 | ||||||
21-May-2024 | MTAA | 679,200 | 15.8962 | 10,796,699 | 1.0860 | 11,725,215 | ||||||
21-May-2024 | TQEX | 51,500 | 15.8937 | 818,526 | 1.0860 | 888,919 | ||||||
22-May-2024 | CEUX | 317,000 | 15.7659 | 4,997,790 | 1.0833 | 5,414,106 | ||||||
22-May-2024 | MTAA | 689,000 | 15.7655 | 10,862,430 | 1.0833 | 11,767,270 | ||||||
22-May-2024 | TQEX | 53,200 | 15.7667 | 838,788 | 1.0833 | 908,660 | ||||||
23-May-2024 | CEUX | 322,500 | 15.6599 | 5,050,318 | 1.0825 | 5,466,716 | ||||||
23-May-2024 | MTAA | 701,300 | 15.6584 | 10,981,236 | 1.0825 | 11,886,639 | ||||||
23-May-2024 | TQEX | 54,200 | 15.6604 | 848,794 | 1.0825 | 918,777 | ||||||
24-May-2024 | CEUX | 330,000 | 15.5800 | 5,141,400 | 1.0846 | 5,576,362 | ||||||
24-May-2024 | MTAA | 716,400 | 15.5796 | 11,161,225 | 1.0846 | 12,105,465 | ||||||
24-May-2024 | TQEX | 53,900 | 15.5786 | 839,687 | 1.0846 | 910,724 | ||||||
5,320,600 | 15.7460 | 83,778,088 | 90,863,925 |
From May 20, 2024 to (and including) May 24, 2024, the Company has purchased a total of 5,320,600 ordinary shares for a total consideration of €83,778,088, equivalent to USD90,863,925.
As of May 24, 2024, the Company held in treasury 21,687,603 ordinary shares (including 16,367,003 ordinary shares bought in the second tranche), equal to 1.87% 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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Tenaris SA published this content on 27 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2024 16:58:03 UTC.
