Tenaris (TS) announced that Tenaris’s Board of Directors approved a share buyback program of up to $1.2B to be executed within a year, with the intention to cancel the ordinary shares acquired through the program. The decision and opportunity of initiating the buyback program is driven by the company’s significant cash flow generation and strong balance sheet. The buyback program will be 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 buyback program is expected to be launched in June 2025 and share purchases will be executed through a primary financial institution.
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Read More on TS:
- Tenaris S.A. Approves Financial Statements and Dividend at Annual Meeting
- Tenaris S.A. Cancels Treasury Shares and Renews Share Capital Authorization
- Tenaris Shareholders Approve Key Resolutions and Capital Reduction
- Tenaris price target lowered to $48 from $50 at Barclays
- Tenaris S.A. Discusses Q1 2025 Results and Market Outlook
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