Tenaris provides information pursuant to Luxembourg Transparency Law
Rhea-AI Impact
Rhea-AI Sentiment
Rhea-AI Summary
Tenaris (NYSE: TS) announced that its controlling shareholder San Faustin S.A. has crossed a voting rights threshold due to Tenaris's recent share buyback program. Following the company's open market share repurchases between June 9-13, 2025, San Faustin's 713,605,187 shares now represent 66.82% of Tenaris's voting rights. This passive threshold crossing triggered a notification requirement under Luxembourg Transparency Law. San Faustin confirmed that Tenaris's control structure remains unchanged from what was disclosed in the 2024 annual report. Tenaris, a leading global supplier of steel tubes and related services for the energy industry, had previously announced its share buyback program on May 27, 2025.
Tenaris (NYSE: TS) ha annunciato che il suo azionista di controllo San Faustin S.A. ha superato una soglia di diritti di voto a seguito del recente programma di riacquisto di azioni di Tenaris. Dopo i riacquisti di azioni sul mercato aperto effettuati tra il 9 e il 13 giugno 2025, le 713.605.187 azioni detenute da San Faustin rappresentano ora il 66,82% dei diritti di voto di Tenaris. Questo superamento passivo della soglia ha attivato l'obbligo di notifica previsto dalla legge sulla trasparenza del Lussemburgo. San Faustin ha confermato che la struttura di controllo di Tenaris rimane invariata rispetto a quanto riportato nel bilancio annuale 2024. Tenaris, fornitore globale leader di tubi in acciaio e servizi correlati per l'industria energetica, aveva precedentemente annunciato il suo programma di riacquisto di azioni il 27 maggio 2025.
Tenaris (NYSE: TS) anunció que su accionista mayoritario San Faustin S.A. ha superado un umbral de derechos de voto debido al reciente programa de recompra de acciones de Tenaris. Tras las recompras de acciones en el mercado abierto realizadas entre el 9 y el 13 de junio de 2025, las 713.605.187 acciones de San Faustin representan ahora el 66,82% de los derechos de voto de Tenaris. Este cruce pasivo del umbral activó la obligación de notificación conforme a la Ley de Transparencia de Luxemburgo. San Faustin confirmó que la estructura de control de Tenaris permanece sin cambios respecto a lo divulgado en el informe anual 2024. Tenaris, proveedor global líder de tubos de acero y servicios relacionados para la industria energética, había anunciado previamente su programa de recompra de acciones el 27 de mayo de 2025.
Tenaris(NYSE: TS)는 주요 주주인 San Faustin S.A.가 최근 Tenaris의 자사주 매입 프로그램으로 인해 의결권 한도를 초과했다고 발표했습니다. 2025년 6월 9일부터 13일까지 회사의 공개 시장 주식 재매입 이후, San Faustin이 보유한 713,605,187주가 Tenaris 의결권의 66.82%를 차지하게 되었습니다. 이러한 수동적 한도 초과는 룩셈부르크 투명성법에 따른 신고 의무를 발생시켰습니다. San Faustin은 Tenaris의 지배 구조가 2024년 연례 보고서에 공개된 내용과 변함없음을 확인했습니다. 에너지 산업용 강관 및 관련 서비스를 제공하는 글로벌 선도 기업인 Tenaris는 2025년 5월 27일에 자사주 매입 프로그램을 발표한 바 있습니다.
Tenaris (NYSE : TS) a annoncé que son actionnaire majoritaire San Faustin S.A. a franchi un seuil de droits de vote suite au récent programme de rachat d’actions de Tenaris. Après les rachats d’actions sur le marché ouvert réalisés entre le 9 et le 13 juin 2025, les 713 605 187 actions détenues par San Faustin représentent désormais 66,82 % des droits de vote de Tenaris. Ce franchissement passif de seuil a déclenché une obligation de notification selon la loi luxembourgeoise sur la transparence. San Faustin a confirmé que la structure de contrôle de Tenaris reste inchangée par rapport à celle divulguée dans le rapport annuel 2024. Tenaris, fournisseur mondial de premier plan de tubes en acier et de services associés pour l’industrie de l’énergie, avait précédemment annoncé son programme de rachat d’actions le 27 mai 2025.
Tenaris (NYSE: TS) gab bekannt, dass sein Mehrheitsaktionär San Faustin S.A. aufgrund des jüngsten Aktienrückkaufprogramms von Tenaris eine Schwelle bei den Stimmrechten überschritten hat. Nach den Rückkäufen am offenen Markt zwischen dem 9. und 13. Juni 2025 repräsentieren die 713.605.187 Aktien von San Faustin nun 66,82 % der Stimmrechte von Tenaris. Dieses passive Überschreiten der Schwelle löste eine Meldepflicht gemäß dem Luxemburger Transparenzgesetz aus. San Faustin bestätigte, dass die Kontrollstruktur von Tenaris unverändert bleibt gegenüber den Angaben im Jahresbericht 2024. Tenaris, ein weltweit führender Anbieter von Stahlrohren und zugehörigen Dienstleistungen für die Energiebranche, hatte sein Aktienrückkaufprogramm bereits am 27. Mai 2025 angekündigt.
Positive
- Share buyback program actively being executed, demonstrating commitment to shareholder value
- Company maintains stable control structure
Negative
- Increased ownership concentration with controlling shareholder now holding 66.82% of voting rights
LUXEMBOURG, June 18, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”, or the “Company”) announced today that the Company’s controlling shareholder, San Faustin S.A. (“San Faustin”), has notified the Company that, as a result of Tenaris’s open market repurchases of own shares under its share buyback program publicly announced on May 27, 2025, San Faustin has passively crossed a voting rights threshold triggering a notice requirement under the Luxembourg Transparency Law.
On the date hereof, San Faustin informed the Company that, following repurchases of shares by Tenaris in the period from June 9 to June 13, 2025 (disclosed by Tenaris on June 13, 2025, in accordance with the EU Market Abuse Regulation), the 713,605,187 shares of the Company that San Faustin owns represent
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
FAQ
What percentage of Tenaris (TS) voting rights does San Faustin now control?
San Faustin now controls 66.82% of Tenaris's voting rights, following the company's recent share buyback program.
When did Tenaris (TS) announce its share buyback program?
Tenaris announced its share buyback program on May 27, 2025.
What triggered the Luxembourg Transparency Law notification for Tenaris?
The notification was triggered when San Faustin passively crossed a voting rights threshold due to Tenaris's open market share repurchases.
What is Tenaris's (TS) main business?
Tenaris is a leading global supplier of steel tubes and related services for the world's energy industry and certain other industrial applications.
Has Tenaris's control structure changed following the voting rights threshold crossing?
No, Tenaris's control structure remains unchanged from what was disclosed in the 2024 annual report.
Tenaris