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Completion of First Tranche of Tenaris Share Buyback Program. Weekly Report (January 8 – January 12, 2024)

Tenaris SA
Tenaris SA

LUXEMBOURG, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today the completion of the first tranche of its previously announced Share Buyback Program.

During the first tranche, which ran from November 6, 2023, to (and including) January 12, 2024, the Company purchased a total of 17,779,302 ordinary shares for a total consideration of €276,201,768, or US$300 million.

From January 8, 2024 to (and including) January 12, 2024, the Company purchased the following ordinary shares:

Date

Trading
Venue

Shares
Purchased

Weighted
Average Price
(EUR)

Purchases in
EUR

Reference
FX

Purchases in
USD

08-ene-24

MTA

606,482

 

15.3468

9,307,558

 

1.0979

10,218,303

 

08-ene-24

CEUX

285,810

 

15.3463

4,386,126

 

1.0979

4,815,308

 

08-ene-24

TQEX

29,562

 

15.3437

453,590

 

1.0979

497,974

 

08-ene-24

AQXE

28,377

 

15.3480

435,530

 

1.0979

478,147

 

09-ene-24

MTA

606,482

 

15.1197

9,169,826

 

1.0972

10,060,674

 

09-ene-24

CEUX

285,810

 

15.1199

4,321,419

 

1.0972

4,741,244

 

09-ene-24

TQEX

29,562

 

15.1193

446,957

 

1.0972

490,379

 

09-ene-24

AQXE

28,377

 

15.1226

429,134

 

1.0972

470,824

 

10-ene-24

MTA

606,482

 

14.8555

9,009,593

 

1.0918

9,836,674

 

10-ene-24

CEUX

284,396

 

14.8557

4,224,902

 

1.0918

4,612,748

 

10-ene-24

TQEX

29,318

 

14.8544

435,501

 

1.0918

475,480

 

10-ene-24

AQXE

28,377

 

14.8547

421,532

 

1.0918

460,228

 

11-ene-24

MTA

603,614

 

14.8252

8,948,698

 

1.0968

9,814,485

 

11-ene-24

CEUX

58,517

 

14.8235

867,427

 

1.0968

951,350

 

 

 

3,511,166

 

15.0542

52,857,793

 

 

57,923,819

 


As of January 12, 2024, the Company held in treasury 17,779,302 ordinary shares, representing 1.51% of its total issued share capital.

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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.

The second tranche of Tenaris’s Share Buyback Program is expected to begin not earlier than February 26, 2024, once Tenaris’s blackout period has ended.

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