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

January 12, 2024

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:

DateTrading
Venue
Shares
Purchased

Weighted
Average Price
(EUR)
Purchases in
EUR

Reference
FX
Purchases in
USD

08-ene-24MTA606,482 15.34689,307,558 1.097910,218,303 08-ene-24CEUX285,810 15.34634,386,126 1.09794,815,308 08-ene-24TQEX29,562 15.3437453,590 1.0979497,974 08-ene-24AQXE28,377 15.3480435,530 1.0979478,147 09-ene-24MTA606,482 15.11979,169,826 1.097210,060,674 09-ene-24CEUX285,810 15.11994,321,419 1.09724,741,244 09-ene-24TQEX29,562 15.1193446,957 1.0972490,379 09-ene-24AQXE28,377 15.1226429,134 1.0972470,824 10-ene-24MTA606,482 14.85559,009,593 1.09189,836,674 10-ene-24CEUX284,396 14.85574,224,902 1.09184,612,748 10-ene-24TQEX29,318 14.8544435,501 1.0918475,480 10-ene-24AQXE28,377 14.8547421,532 1.0918460,228 11-ene-24MTA603,614 14.82528,948,698 1.09689,814,485 11-ene-24CEUX58,517 14.8235867,427 1.0968951,350   3,511,166 15.054252,857,793  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.

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

 

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