BuybackMay 13, 2026, 10:27 AM
Tenaris Shareholders Approve Cancellation of 62.36M Treasury Shares
AI Summary
Tenaris S.A. announced that its Extraordinary General Meeting of Shareholders, held on May 12, 2026, approved the cancellation of 62,355,174 ordinary shares held in treasury. These shares were acquired during the company's third share buyback program. Consequently, the issued share capital was reduced by US$62,355,174, bringing it to US$1,009,639,756. The meeting also approved the amendment of Article 5 "Share Capital" of the company's articles of association to reflect this change.
Key Highlights
- Shareholders approved the cancellation of 62,355,174 ordinary shares held in treasury.
- These shares were acquired through the third share buyback program from June 2025 to March 2026.
- The issued share capital was reduced by US$62,355,174.
- The new issued share capital is US$1,009,639,756, represented by 1,009,639,756 ordinary shares.
- Article 5 "Share Capital" of the Company's articles of association was amended to reflect these changes.
- The authorized capital remains US$2,500,000,000, represented by 2,500,000,000 shares.