Tenaris Postpones Annual General Meeting of Shareholders
March 25 2020 - 5:31PM
Tenaris S.A. (NYSE and Mexico: TS and MTA Italy: TEN) announced
today that, in light of the current uncertainty around the extent
and timing of the future spread of COVID-19, the imposition or
relaxation of protective measures adopted in response to the
pandemic, and their effect on the energy industry generally and the
Company’s business in particular, its board of directors has
resolved to postpone the Company’s annual general meeting of
shareholders originally planned to be held in Luxembourg on 30th
April 2020.
The annual general meeting of shareholders will
be convened for 2nd June 2020. The board of directors expects to
announce on 29th April 2020 the proposals to be submitted to the
consideration of the meeting, including its proposal on dividends.
Given that the new market conditions are expected to have an
adverse impact on the Company’s business outlook, any such dividend
proposal may differ from the intended proposal announced on 19th
February 2020.
Some of the statements contained in this press
release are "forward-looking statements". Forward-looking
statements are based on management'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.
Tenaris is a leading global supplier of steel
tubes and related services for the world’s energy industry and
certain other industrial applications.
Giovanni
Sardagna Tenaris1-888-300-5432www.tenaris.com
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