Tenaris completes its USD700 Million Share Buyback Program
Tenaris (NYSE: TS) has successfully completed its USD700 million Share Buyback Program that ran from November 11, 2024, to March 4, 2025. During this period, the company purchased 36,862,132 ordinary shares, representing 3.17% of the total issued share capital, for a total consideration of €668,198,121.
As of March 4, 2025, Tenaris holds 90,762,598 ordinary shares in treasury (including 53,900,466 shares from a previous USD 1.2 billion buyback program), equivalent to 7.81% of the total issued share capital. The company plans to cancel the treasury shares purchased under this latest program.
Tenaris (NYSE: TS) ha completato con successo il suo Programma di Riacquisto di Azioni da 700 milioni di USD, che è andato dal 11 novembre 2024 al 4 marzo 2025. Durante questo periodo, l'azienda ha acquistato 36.862.132 azioni ordinarie, che rappresentano il 3,17% del capitale sociale totale emesso, per un importo totale di €668.198.121.
Al 4 marzo 2025, Tenaris detiene 90.762.598 azioni ordinarie in tesoreria (inclusi 53.900.466 azioni da un precedente programma di riacquisto da 1,2 miliardi di USD), equivalenti al 7,81% del capitale sociale totale emesso. L'azienda prevede di annullare le azioni in tesoreria acquistate nell'ambito di questo ultimo programma.
Tenaris (NYSE: TS) ha completado con éxito su Programa de Recompra de Acciones de 700 millones de USD, que se llevó a cabo desde el 11 de noviembre de 2024 hasta el 4 de marzo de 2025. Durante este período, la empresa adquirió 36.862.132 acciones ordinarias, lo que representa el 3,17% del capital social total emitido, por un total de €668.198.121.
Al 4 de marzo de 2025, Tenaris posee 90.762.598 acciones ordinarias en tesorería (incluyendo 53.900.466 acciones de un programa de recompra anterior de 1.2 mil millones de USD), equivalente al 7,81% del capital social total emitido. La empresa planea cancelar las acciones en tesorería adquiridas bajo este último programa.
테나리스 (NYSE: TS)는 2024년 11월 11일부터 2025년 3월 4일까지 진행된 7억 달러 규모의 자사주 매입 프로그램을 성공적으로 완료했습니다. 이 기간 동안 회사는 36,862,132주의 보통주를 매입했으며, 이는 총 발행 주식 자본의 3.17%에 해당하며, 총 금액은 €668,198,121입니다.
2025년 3월 4일 현재, 테나리스는 90,762,598주의 보통주를 보유하고 있으며 (이 중 53,900,466주는 이전의 12억 달러 자사주 매입 프로그램에서 비롯된 것), 이는 총 발행 주식 자본의 7.81%에 해당합니다. 회사는 이번 프로그램을 통해 매입한 자사주를 취소할 계획입니다.
Tenaris (NYSE: TS) a réussi à achever son Programme de Rachat d'Actions de 700 millions USD, qui s'est déroulé du 11 novembre 2024 au 4 mars 2025. Au cours de cette période, l'entreprise a acheté 36.862.132 actions ordinaires, représentant 3,17 % du capital social total émis, pour un montant total de 668.198.121 €.
Au 4 mars 2025, Tenaris détient 90.762.598 actions ordinaires en trésorerie (y compris 53.900.466 actions provenant d'un précédent programme de rachat de 1,2 milliard USD), ce qui équivaut à 7,81 % du capital social total émis. L'entreprise prévoit d'annuler les actions en trésorerie acquises dans le cadre de ce dernier programme.
Tenaris (NYSE: TS) hat erfolgreich sein 700 Millionen USD Aktienrückkaufprogramm abgeschlossen, das vom 11. November 2024 bis zum 4. März 2025 lief. In diesem Zeitraum kaufte das Unternehmen 36.862.132 Stammaktien, was 3,17% des insgesamt ausgegebenen Aktienkapitals entspricht, für einen Gesamtbetrag von €668.198.121.
Am 4. März 2025 hält Tenaris 90.762.598 Stammaktien im eigenen Bestand (einschließlich 53.900.466 Aktien aus einem vorherigen Rückkaufprogramm über 1,2 Milliarden USD), was 7,81% des insgesamt ausgegebenen Aktienkapitals entspricht. Das Unternehmen plant, die im Rahmen dieses letzten Programms erworbenen eigenen Aktien zu annullieren.
- USD700 million returned to shareholders via share buyback
- 3.17% reduction in share count improves EPS
- Planned share cancellation will further reduce share count
- Significant cash outflow of USD700 million reduces company's liquidity
LUXEMBOURG, March 04, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today the completion of its USD700 million Share Buyback Program announced on November 10, 2024 (the “Program”).
During the Program, which ran from November 11, 2024, to (and including) March 4, 2025, the Company purchased a total of 36,862,132 ordinary shares, representing
As of March 4, 2025, the Company held in treasury 90,762,598 ordinary shares (including 53,900,466 ordinary shares bought pursuant to the USD 1.2 billion Share Buyback Program), equal to
Tenaris intends to cancel treasury 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.
Giovanni Sardagna
Tenaris
1-888-300-5432
www.tenaris.com
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