Company: TNRSF
Filing Date: 2025-04-07
Form Type: 6-K
Source: 0001171843-25-002038
Chunk: 35

Company: TENARIS SA
Filing Date: 2025-04-07
Form: 6-K
Chunk 35
---
 USD271,630, and (iii) authorize the Audit Committee to approve any increase or reallocation of the statutory auditors’ fees as may be necessary, appropriate or desirable under the circumstances.”

10. Authorization to the Company, or any subsidiary, to purchase, acquire or receive securities of the Company, in accordance with Article 49-2 of the Luxembourg law of 10 August 1915 and with applicable laws and regulations.

The Commercial Companies Law provides that any Luxembourg commercial company
may acquire its own shares, either directly or through a person acting on the company’s behalf, subject to, among other conditions,
prior authorization granted by the general meeting of shareholders of such company, which shall approve the terms and conditions of the
proposed acquisitions, including the maximum number of shares to be acquired, the duration of the period for which the authorization is
given (such maximum period being, as of to date, 5 years) and, in case of acquisitions for value, the maximum and minimum consideration.

| 17 |

It is proposed that this Annual General Meeting of Shareholders renew the
authorization to the Company and to the Company’s subsidiaries to acquire, from time to time, shares, including shares represented
by American Depositary Receipts (“” and, collectively, “”) granted by the Annual General
Meeting of Shareholders held on 2 June 2020, on the following terms and conditions:

1. Purchases, acquisitions or
receptions of Securities may be made in one or more transactions as the Board of Directors or the board of directors or other governing
bodies of the relevant entity, as applicable, considers advisable.

2. The maximum number of Securities
acquired pursuant to this authorization may not exceed 10% of the Company’s issued and outstanding shares or, in the case of acquisitions
made through a stock exchange in which the Securities are traded, such lower amount as may not be exceeded pursuant to any applicable
laws or regulations of such market. The number of Securities acquired as a block may amount to the maximum permitted amount of purchases.

3. The purchase price per share
to be paid in cash may not exceed 125% (excluding transaction costs and expenses), nor may it be lower than 75% (excluding transaction
costs and expenses), in each case of the average of the closing prices of the Securities in the stock exchange through which the Securities
are acquired, during the five trading days in which transactions in the Securities were recorded in such stock exchange preceding (but
excluding) the day