Paolo Rocca

Shareholders approve all resolutions on the agenda of Tenaris’s Annual General Meeting

Retrieved on: 
Monday, May 3, 2021

b'LUXEMBOURG, May 03, 2021 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and MTA Italy: TEN) announced that its annual general meeting of shareholders held on May 3, 2021, in accordance with applicable regulation on the holding of corporate meetings adopted in light of the COVID-19 pandemic, approved all resolutions on its agenda.\nAmong other resolutions adopted at the annual general meeting, the shareholders approved the consolidated financial statements as of and for the year ended December 31, 2020, and the annual accounts as at December 31, 2020, and acknowledged the related management and independent auditors\xe2\x80\x99 reports and certifications.\nThe annual general meeting also approved an annual dividend of US$0.21 per share (or US$0.42 per ADR), which represents an aggregate sum of approximately US$248 million, and which includes the interim dividend of $0.07 per share ($0.14 per ADR) or approximately $83 million, paid in November 2020.

Key Points: 
  • b'LUXEMBOURG, May 03, 2021 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and MTA Italy: TEN) announced that its annual general meeting of shareholders held on May 3, 2021, in accordance with applicable regulation on the holding of corporate meetings adopted in light of the COVID-19 pandemic, approved all resolutions on its agenda.\nAmong other resolutions adopted at the annual general meeting, the shareholders approved the consolidated financial statements as of and for the year ended December 31, 2020, and the annual accounts as at December 31, 2020, and acknowledged the related management and independent auditors\xe2\x80\x99 reports and certifications.\nThe annual general meeting also approved an annual dividend of US$0.21 per share (or US$0.42 per ADR), which represents an aggregate sum of approximately US$248 million, and which includes the interim dividend of $0.07 per share ($0.14 per ADR) or approximately $83 million, paid in November 2020.
  • Tenaris will pay the balance of the annual dividend in the amount of US$0.14 per share (or US$0.28 per ADR), in U.S. dollars on May 26, 2021, with an ex-dividend date of May 24, 2021.\nThe annual general meeting resolved to reduce the number of directors to eleven and approved the re-election of the current members of the board of directors (except for Mr. V\xc3\xa1zquez y V\xc3\xa1zquez), Mr. Simon Ayat, Mr. Roberto Bonatti, Mr. Carlos Condorelli, Mr. Germ\xc3\xa1n Cur\xc3\xa1, Mr. Roberto Monti, Mr. Gianfelice Mario Rocca, Mr. Paolo Rocca, Mr. Jaime Serra Puche, Mr. Yves Speeckaert, Ms. Monica Tiuba and Mr. Guillermo Vogel.
  • All board members will hold office until the meeting that will be convened to decide on the 2021 annual accounts.\nThe board of directors subsequently re-elected Mr. Roberto Monti, Mr. Jaime Serra Puche and Ms. Monica Tiuba as audit committee members, with Ms. Tiuba to continue as the committee\xe2\x80\x99s chairperson.
  • All members of the audit committee qualify as independent directors for purposes of the U.S. Securities Exchange Act Rule 10A-3(b)(1) and under the Company\xe2\x80\x99s articles of association.\nIn addition, the annual general meeting approved the compensation payable to the members of the Board of Directors for the year ending December 31, 2021 and the Compensation Report for the year ended December 31, 2020; and appointed PricewaterhouseCoopers S.C., R\xc3\xa9viseurs d\xe2\x80\x99entreprises agr\xc3\xa9\xc3\xa9, as Tenaris\xe2\x80\x99s external auditors for the fiscal year ending December 31, 2021.\nTenaris is a leading global supplier of steel tubes and related services for the world\xe2\x80\x99s energy industry and certain other industrial applications.\n'

Tenaris’s Board of Directors Provides Full Support to its Chairman and Chief Executive Officer and two other Directors

Retrieved on: 
Friday, February 14, 2020

LUXEMBOURG, Feb. 14, 2020 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE, Mexico: TS and MTA Italy: TEN) today issued the following statement:

Key Points: 
  • LUXEMBOURG, Feb. 14, 2020 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE, Mexico: TS and MTA Italy: TEN) today issued the following statement:
    Tenaris has been advised that the Italian court overseeing the investigation into alleged improper payments made in Brazil for the supposed benefit of Confab Industrial S.A., a Brazilian subsidiary of the Company, has decided to move the case to trial.
  • The case involves Chairman and Chief Executive Officer Paolo Rocca and Board members Gianfelice Rocca and Roberto Bonatti, and the Companys controlling shareholder, San Faustin S.A.
  • The Companys outside counsel previously reviewed the Italian prosecutors investigative file and has informed the Board that neither that file nor this magistrates decision sets forth evidence of involvement by any of the three directors in the alleged wrongdoing.
  • Accordingly, the Board has concluded that no particular action is warranted at the present time, other than inviting the referred board members to continue discharging their respective responsibilities with the full support of the Board.