Shareholders approve all resolutions on the agenda of Tenaris’s Annual General Meeting
04 May 2022 - 7:28AM
Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) announced
that its annual general meeting of shareholders held on May 3,
2022, 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.
Among other resolutions adopted at the annual
general meeting, the shareholders acknowledged the Company’s 2021
annual report, containing the consolidated management report and
the related management certifications and external auditors’
reports; and the Company’s 2021 annual sustainability report
containing the non-financial statement. The annual general meeting
also approved the consolidated financial statements as of and for
the year ended December 31, 2021, and the annual accounts as at
December 31, 2021.
The annual general meeting also approved an
annual dividend of US$0.41 per share (or US$0.82 per ADR), which
represents an aggregate sum of approximately US$484 million, and
which includes the interim dividend of $0.13 per share ($0.26 per
ADR) or approximately $153 million, paid in November 2021. Tenaris
will pay the balance of the annual dividend in the amount of
US$0.28 per share (or US$0.56 per ADR), in U.S. dollars on May 25,
2022, with an ex-dividend date of May 23, 2022, and record date of
May 24, 2022.
The annual general meeting resolved to maintain
the number of directors in eleven and approved the re-election of
Mr. Simon Ayat, Mr. Roberto Bonatti, Mr. Carlos Condorelli, Mr.
Germán Curá, Mr. Roberto Monti, Mr. Gianfelice Mario Rocca, Mr.
Paolo Rocca, Mr. Jaime Serra Puche, Ms. Monica Tiuba and Mr.
Guillermo Vogel and the appointment of Ms. Maria Novales-Flamarique
as new board member. All board members will hold office until the
meeting that will be convened to decide on the 2022 annual
accounts.
The board of directors subsequently re-elected
Mr. Roberto Monti, Mr. Jaime Serra Puche and Ms. Monica Tiuba as
audit committee members and elected Mr. Simon Ayat as new audit
committee member, with Ms. Tiuba to continue as the committee’s
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’s articles of
association.
In addition, the annual general meeting approved
the compensation payable to the members of the Board of Directors
for the year ending December 31, 2022, and the Compensation Report
for the year ended December 31, 2021; and appointed
PricewaterhouseCoopers S.C., Réviseurs d’entreprises agréé, as
Tenaris’s external auditors for the fiscal year ending December 31,
2022.
Copies of the minutes of the annual general
meeting can be downloaded from Tenaris’s website at
ir.tenaris.com/corporate-governance/annual-general-meeting.
Tenaris is a leading global supplier of steel
tubes and related services for the world’s energy industry and
certain other industrial applications.
Giovanni SardagnaTenaris
1-888-300-5432www.tenaris.com
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