Shareholders approve all resolutions on the agenda of Tenaris’s Annual General Meeting
Tenaris S.A. held its annual general meeting on May 3, 2021, where shareholders approved all agenda resolutions. Key approvals included the consolidated financial statements for 2020 and an annual dividend of US$0.21 per share, totaling approximately US$248 million. The dividend payment will be split, with US$0.14 per share payable on May 26, 2021. The board of directors was re-elected, with changes in the audit committee leadership. PricewaterhouseCoopers was appointed as external auditors for 2021. The meeting minutes are available on Tenaris's website.
- Approval of an annual dividend of US$0.21 per share, totaling approximately US$248 million.
- Consolidated financial statements for 2020 approved, indicating financial transparency.
- Re-election of current board members, ensuring continuity in leadership.
- None.
LUXEMBOURG, May 03, 2021 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and MTA Italy: TEN) announced that its annual general meeting of shareholders held on May 3, 2021, in accordance with applicable regulation on the holding of corporate meetings adopted in light of the COVID-19 pandemic, approved all resolutions on its agenda.
Among other resolutions adopted at the annual general meeting, the shareholders approved the consolidated financial statements as of and for the year ended December 31, 2020, and the annual accounts as at December 31, 2020, and acknowledged the related management and independent auditors’ reports and certifications.
The annual general meeting also approved an annual dividend of US
The annual general meeting resolved to reduce the number of directors to eleven and approved the re-election of the current members of the board of directors (except for Mr. Vázquez y Vázquez), Mr. Simon Ayat, Mr. Roberto Bonatti, Mr. Carlos Condorelli, Mr. Germán Curá, Mr. Roberto Monti, Mr. Gianfelice Mario Rocca, Mr. Paolo Rocca, Mr. Jaime Serra Puche, Mr. Yves Speeckaert, Ms. Monica Tiuba and Mr. Guillermo Vogel. All board members will hold office until the meeting that will be convened to decide on the 2021 annual accounts.
The board of directors subsequently re-elected Mr. Roberto Monti, Mr. Jaime Serra Puche and Ms. Monica Tiuba as audit committee members, with Ms. Tiuba to continue as the committee’s chairperson. All members of the audit committee qualify as independent directors for purposes of the U.S. Securities Exchange Act Rule 10A-3(b)(1) and under the Company’s articles of association.
In addition, the annual general meeting approved the compensation payable to the members of the Board of Directors for the year ending December 31, 2021 and the Compensation Report for the year ended December 31, 2020; and appointed PricewaterhouseCoopers S.C., Réviseurs d’entreprises agréé, as Tenaris’s external auditors for the fiscal year ending December 31, 2021.
Copies of the minutes of the annual general meeting can be downloaded from Tenaris’s website at ir.tenaris.com/corporate-governance/annual-general-meeting.
Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.
Giovanni Sardagna
Tenaris
1-888-300-5432
www.tenaris.com
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