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 EUR276,201,768, or US$300 million.
From January 8, 2024 to (and including) January 12, 2024, the Company purchased the following ordinary shares:
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                                 Weighted
                                 Average
           Trading   Shares       Price     Purchases in Reference Purchases in
   Date     Venue   Purchased     (EUR)         EUR         FX         USD

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 08-ene-24   MTA     606,482     15.3468     9,307,558    1.0979   10,218,303
 08-ene-24  CEUX     285,810     15.3463     4,386,126    1.0979    4,815,308
 08-ene-24  TQEX      29,562     15.3437       453,590    1.0979      497,974
 08-ene-24  AQXE      28,377     15.3480       435,530    1.0979      478,147
 09-ene-24   MTA     606,482     15.1197     9,169,826    1.0972   10,060,674
 09-ene-24  CEUX     285,810     15.1199     4,321,419    1.0972    4,741,244
 09-ene-24  TQEX      29,562     15.1193       446,957    1.0972      490,379
 09-ene-24  AQXE      28,377     15.1226       429,134    1.0972      470,824
 10-ene-24   MTA     606,482     14.8555     9,009,593    1.0918    9,836,674
 10-ene-24  CEUX     284,396     14.8557     4,224,902    1.0918    4,612,748
 10-ene-24  TQEX      29,318     14.8544       435,501    1.0918      475,480
 10-ene-24  AQXE      28,377     14.8547       421,532    1.0918      460,228
 11-ene-24   MTA     603,614     14.8252     8,948,698    1.0968    9,814,485
 11-ene-24  CEUX      58,517     14.8235       867,427    1.0968      951,350
                  ---------------------------------------         -------------
                   3,511,166     15.0542    52,857,793             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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