AGM/EGMMay 13, 2026, 06:08 AM
Tenaris Shareholders Approve All AGM/EGM Resolutions, $0.89 Dividend
AI Summary
Tenaris S.A. announced that shareholders approved all resolutions at its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) held on May 12, 2026. Key approvals included the company's 2025 consolidated financial statements and an annual dividend of US$0.89 per share, with the balance of US$0.60 per share payable on May 20, 2026. Shareholders also re-appointed the board of directors, approved director compensation, appointed Forvis Mazars as the statutory auditor, and renewed the share buyback authorization. Additionally, 62,355,174 treasury shares were cancelled, resulting in a reduction of the company's issued share capital.
Key Highlights
- Shareholders approved an annual dividend of US$0.89 per share (US$1.78 per ADS), totaling approximately US$0.9 billion.
- The balance dividend of US$0.60 per share (US$1.20 per ADS), approximately US$0.6 billion, will be paid on May 20, 2026.
- The number of directors was reduced to ten, and all ten existing directors were re-appointed.
- Paolo Rocca was re-elected as chairman, with Mr. Vogel and Mr. Curá as vice-chairmen.
- Forvis Mazars was appointed as the statutory auditor for the fiscal year ending December 31, 2026.
- The company renewed authorization to purchase, acquire, or receive its own shares.
- 62,355,174 ordinary shares held in treasury were cancelled, reducing issued share capital.
- Issued share capital was reduced from US$1,071,994,930 to US$1,009,639,756.
Price Impact
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