Company: TNRSF
Filing Date: 2025-04-07
Form Type: 6-K
Source: 0001171843-25-002038
Chunk: 44

Company: TENARIS SA
Filing Date: 2025-04-07
Form: 6-K
Chunk 44
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 to directors, officers, agents,
or employees of the Company, its subsidiaries or affiliates, and shares issued to satisfy conversion or option rights created to provide
compensation to directors, officers, agents or employees of the Company, its subsidiaries or affiliates).

It is proposed that this Extraordinary General Meeting of Shareholders
renew the authorization granted by the Extraordinary General Meeting of Shareholders held on 2 June 2020, to issue shares
within the limits of the authorized share capital without shareholder approval for an additional five-year period on the same terms and
conditions and grant the related authorizations and waivers as set forth in the agenda.

The Board of Directors is of the opinion that the successful implementation
and development of the Company and its group’s long term strategy will depend, among other factors, on their ability to grow through
acquisitions or other investments on the best possible terms, and that the existence of the preferential subscription rights provided
for by Luxembourg law for the benefit of existing shareholders would significantly reduce the flexibility of the Company to finance its
operations and potential growth through issuances of shares; in addition, the preferential subscription rights procedure contemplated
by Luxembourg law would, in some cases, risk delaying increases in share capital and issuances of new Shares at times when timing may
be of the essence.

Accordingly, the Board of Directors believes it to be in the Company’s
best interest that the Board of Directors be authorized to negotiate and conclude acquisitions, investments, joint ventures and other
transactions using shares or rights to shares of the Company’s capital as consideration. Similarly, the Board of Directors believes
that the interest of the Company requires that maximum flexibility be granted so that the Company be able to react quickly and without
delay to any suitable acquisition, investment, joint venture or other strategic proposals or projects and/or to secure financing in connection
thereto by issuing or offering to issue shares within the limits of the proposed authorization.

The Board of Directors also believes that the interest of the Company requires
that the Board of Directors be authorized to issue such shares or rights thereto either at or below market price, and including by way
of incorporation of reserves, as it may be necessary or convenient in light of the facts and circumstances of the transaction in question
or its strategic significance.

The Board of Directors further believes that, for the Company and its group
to maximize its ability to attract and retain valuable directors, managers, officers, agent or employees, it is its best interest that
the Company retain the flexibility to offer to