- Tenaris (TS, Financial) begins a significant USD 600 million share buyback, the first tranche of a USD 1.2 billion program.
- The buyback is set from June 9, 2025, to December 8, 2025, with shares to be cancelled.
- Executed via a non-discretionary agreement to ensure regulatory compliance.
Tenaris (TS), a leading global supplier of steel tubes for the energy sector, has initiated the first tranche of its USD 1.2 billion share buyback program. This initial phase, valued at USD 600 million, is slated to commence on June 9, 2025, and will conclude by December 8, 2025.
Aimed at enhancing shareholder value, the program will be executed through a non-discretionary agreement with a primary financial institution. This arrangement allows the institution to independently manage the timing and execution of share purchases, ensuring compliance with the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052.
The approved buyback, authorized by shareholders during the general meeting on May 6, 2025, is structured to operate during closed periods, maintaining operational continuity under applicable regulations. Notably, shares acquired through this program will be permanently cancelled, reducing the overall share count and potentially increasing the earnings per share metric.
