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Tenaris Launches Second Tranche of $1.2 Billion Share Buyback Program

Tenaris boosts shareholder confidence with second buyback tranche. Program complies with market regulations and may continue during closed periods.

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In this picture we can see a market, in which we can see some stoles and we can see few people are...
In this picture we can see a market, in which we can see some stoles and we can see few people are around.

Tenaris Launches Second Tranche of $1.2 Billion Share Buyback Program

Tenaris S.A. has initiated the second tranche of its USD 1.2 billion Share Buyback Program, with a value of up to USD 600 million. The company, represented by a main financial institution (the PNC Bank), has entered a non-discretionary buyback agreement, set to commence on November 3, 2025, and conclude by April 30, 2026.

The Program will adhere to relevant rules and regulations, including the Market Abuse Regulation 596/2014 and Commission Delegated Regulation (EU) 2016/1052. Ordinary shares purchased under the Program will be cancelled. The PNC Bank will make independent trading decisions regarding the timing of share purchases, which may continue during Tenaris's closed periods, in accordance with the Regulations.

Tenaris S.A. has begun the second phase of its significant share buyback program, demonstrating confidence in its financial position and commitment to returning capital to shareholders. The program will proceed in compliance with applicable regulations.

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