Tenaris completes its USD700 Million Share Buyback Program

Core Viewpoint - Tenaris S.A. has successfully completed its USD 700 million Share Buyback Program, which was initiated on November 10, 2024, and concluded on March 4, 2025 [1][2]. Group 1: Share Buyback Program Details - The program resulted in the purchase of 36,862,132 ordinary shares, accounting for 3.17% of the total issued share capital at the start of the program, with a total expenditure of approximately €668,198,121, equivalent to USD 700 million [2]. - As of March 4, 2025, Tenaris holds 90,762,598 ordinary shares in treasury, which includes 53,900,466 shares acquired under a previous USD 1.2 billion Share Buyback Program, representing 7.81% of the total issued share capital [3]. - The company plans to cancel the treasury shares acquired through the recent buyback program in the future [3]. Group 2: Company Overview - Tenaris is recognized as a leading global supplier of steel tubes and related services, primarily serving the energy industry and other industrial applications [5].