Company: TNRSF
Filing Date: 2025-04-07
Form Type: 6-K
Source: 0001171843-25-002038
Chunk: 45

Company: TENARIS SA
Filing Date: 2025-04-07
Form: 6-K
Chunk 45
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 such persons shares or conversion, option or similar plans or incentive programs permitting
the subscription of shares in the Company either at or below market price. Such plans and programs, by serving the purpose of facilitating
the recruitment or retention of key employees and executives, would enable the Company and its group to secure business opportunities,
further strengthen and develop its market position and continue the implementation of the Company’s long-term strategy.

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Accordingly, the Board of Directors believes that issuances of shares as
compensation to, or to satisfy conversion or option rights created to provide compensation to directors, officers, agents or employees
of the Company, its subsidiaries or its affiliated companies should be made by the Board of Directors upon such terms and conditions as
it deems fit and without reserving pre-emptive subscription rights to existing shareholders; provided, however, that any such issuances
shall be limited to 1.5% of the Company’s issued share capital from time to time.

The report of the Board of Directors with respect to the proposed waiver
of, suppression of, and authorization to suppress or limit, pre-emptive subscription rights by the existing shareholders of the Company
is available to shareholders and ADR holders as of the date of the Notice.

Draft resolution proposed to be adopted:“The Extraordinary General Meeting of Shareholders resolved to renew the validity period of the Company’s authorized share capital for a period starting on the date of this Meeting and ending on the fifth anniversary of the date of the publication in the Recueil électronique des sociétés et associations (RESA) of the deed recording the minutes of this Meeting.

The Extraordinary General Meeting of Shareholders resolved to renew the authorization to the Board of Directors, or any delegate(s) duly appointed by the Board of Directors, for a period starting on the date of this Extraordinary General Meeting of Shareholders and ending on the fifth anniversary of the date of the publication in the RESA of the deed recording the minutes of this Extraordinary General Meeting of Shareholders, from time to time to issue shares within the limits of the authorized share capital against contributions in cash, contributions in kind or by way of incorporation of available reserves at such times and on such terms and conditions, including the issue price, as the Board of Directors or its delegate(s) may in its or their discretion resolve.

The Extraordinary General Meeting of Shareholders resolved to renew the authorization to the Board of Directors, for a period starting on the date of this Extraordinary General Meeting of Share