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Tenaris to Commence a USD 600 million First Tranche of its USD 1.2 Billion Share Buyback Program

1. Tenaris announced a $1.2 billion share buyback program effective June 9. 2. The buyback will execute through a non-discretionary agreement with a bank. 3. This program aims to reduce share count and potentially boost stock price. 4. Risks exist related to oil and gas prices affecting future investments. 5. The buyback is authorized by shareholders, enhancing confidence in TS.

Shares Buyback
+2.22%Current Return
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+0.09%S&P 500
$34.6606/06 06:01 PM EDTEvent Start
$35.4306/09 06:02 PM EDTLatest Updated
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FAQ

Why Bullish?

Share buybacks often signal confidence in company's future and can enhance stock value. Historical examples, like Apple's buyback plans, often led to positive stock performance.

How important is it?

The share buyback showcases management's confidence in stocks' undervaluation, which often positively influences investors.

Why Short Term?

Immediate execution of buyback can stabilize or boost stock price quickly, similar to past buyback announcements in the sector.

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APASLBHAL
LUXEMBOURG, June 06, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that pursuant to its Share Buyback Program (the “Program”) announced on May 27, 2025, covering up to USD 1.2 billion, it has entered into a non-discretionary buyback agreement with a primary financial institution (the “Bank”). The Bank will make its trading decisions concerning the timing of the purchases of Tenaris’s ordinary shares independently of and uninfluenced by Tenaris. The Program will be executed in compliance with applicable rules and regulations, including the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (the “Regulations”). Under the buyback agreement, purchases of shares may continue during any closed periods of Tenaris in accordance with the Regulations. This first tranche of the Program will cover up to USD 600 million (excluding customary transaction fees) and will start on June 9, 2025, and end no later than December 8, 2025. Ordinary shares purchased under the Program will be cancelled in due course. Any buyback of ordinary shares pursuant to the Program will be carried out under the authority granted by the general meeting of shareholders held on May 6, 2025. 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 1-888-300-5432www.tenaris.com

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