Company: TNRSF
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001171843-25-004951
Chunk: 31

Company: TENARIS SA
Filing Date: 2025-08-01
Form: 6-K
Chunk 31
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 the Company repurchased 36,862,132 ordinary shares, representing 3.12% of the Company’s issued share capital as measured
at the beginning of the first share buyback program, for a total consideration of approximately $700 million (excluding incidental transaction
fees).

On May 6, 2025, the extraordinary shareholders meeting approved the cancellation of 90,762,598
ordinary shares held in treasury by the Company, which had been acquired during the second, third and fourth tranches of the first share
buyback program and second share buyback program, and resolved to approve the corresponding reduction of the issued share capital of the
Company and the amendment of the first paragraph of article 5 of the Company’s articles of association. As a result, effective May
6, 2025, the share capital of the Company was reduced from $1,162,757,528 (represented by 1,162,757,528 shares with a par value of $1
per share) to $1,071,994,930 (represented by 1,071,994,930 shares with a par value of $1 per share).

Third Share Buyback Program

The Company’s ordinary shareholders meeting held on May 6, 2025, renewed the authorization
to purchase, acquire or receive, from time to time, Company shares, including shares represented by ADRs, on such terms and conditions
as may be approved by the board of directors up to a maximum of 10% of the Company’s shares.

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| Half-year report 2025 - Interim management report |

On May 27, 2025, the Company’s board of directors approved a third share buyback program
of up to $1.2 billion (excluding incidental transaction fees), to be executed within a year, with the intention to cancel the ordinary
shares acquired through the program. The third share buyback program is carried out under the authority granted by the annual general
meeting of shareholders held on May 6, 2025, up to a maximum of 10% of the Company’s shares.

The third share buyback program is divided into tranches. The first tranche of the program will
cover up to $600 million (excluding incidental transaction fees) and will run from June 9, 2025, to (and including) December 8, 2025.
Ordinary shares purchased under the third share buyback program will be cancelled in due course. For