Luxembourg, 04 March, 2025 (Globe Newswire) – Tenaris SA (NYSE and Mexico: TS and EXM ITAY: TEN (“Tenaris”) today announced the completion of the 700 million US dollar shares program on November 10, 2024 (“Program”).
During the program, which was run from November 11, 2024, to (including) March 4, 2025, the company bought a total of 36,862,132 ordinary shares, representing 3.17 % of the total capital issued at the beginning of the program, compared to a total of 668,198,121, or for. 700 million US dollars.
As of March 4, 2025, the company in the Treasury held 90,762,598 ordinary shares (including 53,900,466 ordinary shares purchased according to the 1.2 billion dollar stock -purchase program), equivalent to 7.81 % of the total issued capital.
Tenaris plans to cancel the treasury shares that were purchased under the program in time.
The above transactions details are available on the Tenaris website on the web within the section of the shares of shares https://ir.tenaris.com/share-buyback-program.
Some of the phrases contained in this press statement are “aspecting data”. The aspiration data depends on the current views and assumptions of the administration and include known and unknown risks that can cause results, performance or actual events materially from those crossing or implicitly in those phrases. These risks include, but not limited to the risks arising from uncertainty over future oil and gas prices and their impact on investment programs by oil and gas companies.
Tenaris is the global pioneering resource for steel tubes and related services to the world’s energy industry and some other industrial applications.
Giovanni Sardagna
Tennaris
1-888-300-5432
www.tenaris.com
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