<SEC-DOCUMENT>0001171843-25-001254.txt : 20250305
<SEC-HEADER>0001171843-25-001254.hdr.sgml : 20250305
<ACCEPTANCE-DATETIME>20250304201626
ACCESSION NUMBER:		0001171843-25-001254
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250304
FILED AS OF DATE:		20250305
DATE AS OF CHANGE:		20250304

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TENARIS SA
		CENTRAL INDEX KEY:			0001190723
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES  ROLLING MILLS (COKE OVENS) [3312]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31518
		FILM NUMBER:		25708108

	BUSINESS ADDRESS:	
		STREET 1:		26, BOULEVARD ROYAL, 4TH FLOOR
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2449
		BUSINESS PHONE:		1-888-300-5432

	MAIL ADDRESS:	
		STREET 1:		26, BOULEVARD ROYAL, 4TH FLOOR
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2449
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_030425.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>FORM 6 - K</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Washington, D.C. 20549</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Report of Foreign Private Issuer</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Pursuant to Rule 13a - 16 or 15d - 16 of</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>the Securities Exchange Act of 1934</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>As of March 4, 2025</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>TENARIS, S.A.</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Translation of Registrant's name into English)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">26, Boulevard Royal, 4th floor</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">L-2449 Luxembourg</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Address of principal executive offices)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 21.3pt; margin: 0pt 2.45pt 0pt 0">Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or 40-F.</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Form 20-F <U>&nbsp;&nbsp;&check;&nbsp;&nbsp;</U> Form 40-F<U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 3pt outset"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">The attached material is being furnished to the Securities and Exchange Commission pursuant
to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934, as amended. This report contains Tenaris&rsquo;s Press Release
announcing Tenaris completes its USD700 Million Share Buyback Program.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">SIGNATURE</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Date: March 4, 2025</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">Tenaris, S.A.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">By: /s/ Giovanni Sardagna&#9;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Giovanni Sardagna</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Investor Relations Officer</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 3pt outset"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="hdr.jpg" ALT=""></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; color: silver">Giovanni Sardagna</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; color: silver">Tenaris</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; color: silver">1-888-300-5432</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; color: silver">www.tenaris.com</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; color: #009900">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; color: #009900">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; color: #009900"><FONT STYLE="font-size: 14pt">Tenaris completes its USD700 Million Share Buyback
Program</FONT></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; color: #009900">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><B>Luxembourg, March 4, 2025. -</B> Tenaris S.A. (NYSE and Mexico: TS and
EXM Italy: TEN) (&ldquo;Tenaris&rdquo;) announced today the completion of its USD700 million Share Buyback Program announced on November
10, 2024 (the &ldquo;Program&rdquo;).</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">During the Program, which ran from November 11, 2024, to (and including)
March 4, 2025, the Company purchased a total of 36,862,132 ordinary shares, representing 3.17% of the total issued share capital at the
beginning of the Program, for a total consideration of &euro;668,198,121, or approx. USD700 million.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">As of March 4, 2025, the Company held in treasury 90,762,598 ordinary shares
(including 53,900,466 ordinary shares bought pursuant to the USD 1.2 billion Share Buyback Program), equal to 7.81% of the total issued
share capital.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 4.55pt 0pt 0; font-size: 10pt; text-align: justify">Tenaris intends to cancel treasury shares purchased under the
Program in due course.</P>

<P STYLE="margin: 0pt 4.55pt 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">Details of the above transactions are available on Tenaris&rsquo;s corporate
website under the Share Buyback Program Section https://ir.tenaris.com/share-buyback-program.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><I>Some of the statements contained in this press release are &ldquo;forward-looking
statements&rdquo;. Forward-looking statements are based on management&rsquo;s current views and assumptions and involve known and unknown
risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements.
These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment
programs by oil and gas companies.</I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><I>Tenaris is a leading global supplier of steel tubes and related services
for the world&rsquo;s energy industry and certain other industrial applications.</I></P>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 3pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>hdr.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 hdr.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  U K$# 2(  A$! Q$!_\0
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M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 >*>(_
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MN,^3!;1F21P.I ';WI<DKVL2\/5347%W9K45C6GB6SN;:ZGGAN[%+50\WVR
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MP+!X7WW4TPN;^1=I<#"HOHO^- '7T444 %%%% !1110 4444 %%%% !1110
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% !1110!@^-?^1+UCC_EV:LC3_#.K7VC6:7'BF\%I) F88(4
MC.TJ/EW=>G%=#XBT^;5?#M_86[()KB%HT+G R?6K>G6[VFF6EO(1OBA1&QTR
M  :U4K1T[G;"NZ="T6K\W9/IYIG(>*-&L;>'POI,,(2S74$3R_5<$G/KGO\
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M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
<B@ HHHH **** "BBB@ HHHH **** "BBB@#_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
