Tenaris to Commence a USD 600 million Second Tranche of its USD 1.2 Billion Share Buyback Program
Tenaris (NYSE: TS) announced a USD 600 million second tranche of its USD 1.2 billion share buyback program to be executed by a bank under a non-discretionary buyback agreement.
The tranche will start on November 3, 2025 and end no later than April 30, 2026. Purchases will comply with EU market abuse rules and may continue during closed periods. Ordinary shares bought under the Program will be cancelled. The buyback is carried out under authority granted by the general meeting of shareholders on May 6, 2025. The company cautions that forward-looking statements are subject to risks including oil and gas price uncertainty.
Tenaris (NYSE: TS) ha annunciato una seconda tranche da USD 600 milioni del suo programma di riacquisto di azioni da USD 1,2 miliardi da eseguire tramite una banca ai sensi di un accordo di riacquisto non discrezionale.
La tranche inizierà il 3 novembre 2025 e terminerà non oltre il 30 aprile 2026. Gli acquisti rispetteranno le norme UE sul mercato abusivo e potranno proseguire durante i periodi di chiusura. Le azioni ordinarie acquisite nell’ambito del Programma saranno annullate. Il riacquisto è effettuato ai sensi dell’autorità conferita dall’assemblea generale degli azionisti il 6 maggio 2025. L’azienda avverte che le dichiarazioni previsionali sono soggette a rischi, tra cui l’incertezza dei prezzi del petrolio e del gas.
Tenaris (NYSE: TS) anunció una segunda tranche de USD 600 millones de su programa de recompra de acciones por USD 1,2 mil millones, que será ejecutada por un banco bajo un acuerdo de recompra no discrecional.
La tranche comenzará el 3 de noviembre de 2025 y terminará a más tardar el 30 de abril de 2026. Las compras cumplirán con las normas de abuso de mercado de la UE y podrán continuar durante los periodos de cierre. Las acciones ordinarias adquiridas en el marco del Programa serán canceladas. La recompra se realiza bajo la autoridad otorgada por la asamblea general de accionistas el 6 de mayo de 2025. La empresa advierte que las declaraciones prospectivas están sujetas a riesgos, incluida la incertidumbre de los precios del petróleo y del gas.
Tenaris (NYSE: TS)는 12억 달러 규모의 주식 매입 프로그램의 두 번째 트랜치를 6억 달러 규모로 발표했고, 비재량적 매입 합의에 따라 은행이 실행합니다.
해당 트랜치는 2025년 11월 3일에 시작하여 2026년 4월 30일까지 끝나며, EU의 시장 남용 규정을 준수하고 폐쇄 기간 동안에도 계속될 수 있습니다. 프로그램 하에 매입된 보통주는 소각됩니다. 이 매입은 2025년 5월 6일 주주총회에서 부여된 권한으로 수행됩니다. 회사는 석유 및 가스 가격의 불확실성을 포함한 위험을 수반하는 전망 진술에 대해 주의합니다.
Tenaris (NYSE: TS) a annoncé une seconde tranche de 600 millions USD de son programme de rachat d’actions de 1,2 milliard USD, qui sera exécutée par une banque dans le cadre d’un accord de rachat non discrétionnaire.
La tranche commencera le 3 novembre 2025 et se terminera au plus tard le 30 avril 2026. Les achats respecteront les règles d’abus de marché de l’UE et pourront se poursuivre pendant les périodes de fermeture. Les actions ordinaires achetées dans le cadre du programme seront annulées. Le rachat est effectué en vertu de l’autorité accordée par l’assemblée générale des actionnaires le 6 mai 2025. L’entreprise avertit que les déclarations prospectives sont soumises à des risques, y compris l’incertitude des prix du pétrole et du gaz.
Tenaris (NYSE: TS) kündigte eine zweite Tranche über 600 Mio. USD seines 1,2 Mrd. USD umfassenden Aktienrückkaufprogramms an, die von einer Bank gemäß einer nichtdiskretionären Rückkaufvereinbarung durchgeführt wird.
Die Tranche beginnt am 3. November 2025 und endet spätestens am 30. April 2026. Käufe entsprechen den EU-Regeln gegen Marktmissbrauch und können auch während geschlossener Perioden fortgesetzt werden. Die im Rahmen des Programms gekauften Stammaktien werden eingezogen. Der Rückkauf erfolgt aufgrund der von der Hauptversammlung der Aktionäre am 6. Mai 2025 erteilten Befugnis. Das Unternehmen weist darauf hin, dass zukunftsorientierte Aussagen Risiken unterliegen, einschließlich der Unsicherheit der Öl- und Gaspreise.
Tenaris (NYSE: TS) أعلن عن شريحة ثانية بقيمة 600 مليون دولار من برنامجه لإعادة شراء الأسهم بقيمة 1.2 مليار دولار، لتنفيذها من قبل بنك بموجب اتفاق إعادة شراء غير اختياري.
ستبدأ الشريحة في 3 نوفمبر 2025 وتنتهي في أقرب تقدير حتى 30 أبريل 2026. ستلتزم الشراءات بقواعد السوق الأوروبية الموحدة المتعلقة بسوء استخدام السوق، ويمكن أن تستمر خلال الفترات المغلقة. سيتم إلغاء الأسهم العادية المشتراة بموجب البرنامج. يتم إجراء إعادة الشراء بموجب السلطة الممنوحة من جمعية المساهمين العامة في 6 مايو 2025. تحذر الشركة من أن التصريحات المتوقعة عرضة للمخاطر بما في ذلك عدم اليقين في أسعار النفط والغاز.
- Second tranche size: USD 600 million
- Execution window: Nov 3, 2025 to Apr 30, 2026
- Ordinary shares purchased will be cancelled
- Buyback authorized by shareholders on May 6, 2025
- Buyback excludes customary transaction fees reducing net program value
- Purchases may continue during closed periods under the Regulations
- Forward-looking risks include uncertain oil and gas prices
Insights
Tenaris launches the second
Tenaris has contracted a primary financial institution to execute a non‑discretionary buyback for the remaining
Mechanically, this reduces share count if fully executed and returns capital to holders without stating pricing details or schedule. Execution depends on the Bank's trading decisions and regulatory compliance, and the company cites commodity price uncertainty as a risk to outcomes. Watch the progress of purchases through company disclosures between
LUXEMBOURG, Nov. 02, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that pursuant to its USD 1.2 billion Share Buyback Program (the “Program”) announced on May 27, 2025, it has entered into a non-discretionary buyback agreement with a primary financial institution (the “Bank”) for the execution of its second tranche, covering up to the remainder USD 600 million of the Program (excluding customary transaction fees). This second tranche shall start on November 3, 2025, and end no later than April 30, 2026.
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.
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
1-888-300-5432
www.tenaris.com
FAQ
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