2023-11-06 07:17:28 ET
- Tenaris S.A. ( NYSE: TS ) Monday reported that it has entered into a non-discretionary buyback agreement with a primary financial institution.
- This first tranche of the Program shall start on November 6, 2023, and end no later than February 9, 2024. Ordinary shares purchased under the Program will be cancelled in due course.
- Any buyback of ordinary shares in relation to this announcement will be carried out under the authority granted by the general meeting of shareholders held on June 2, up to a maximum of 10% of the company’s capital, or any renewed or extended authorization to be granted at a future general meeting of the company.
- TS +2.56% premarket to $35.71
- Source: Press Release
For further details see:
Tenaris to commence a 300M First Tranche of $1.2B share buyback program