Contact Information: Contact: Giovanni Sardagna Tenaris 1-888-300-5432 www.tenaris.com
Shareholders Approve All Resolutions on the Agenda of Tenaris's Annual General Meeting
| Source: Tenaris S.A.
LUXEMBOURG--(Marketwire - June 3, 2009) - Tenaris S.A. (NYSE : TS ) (BAE : TS ) (MXSE : TS )
(MILAN : TEN ), in its annual general shareholders' meeting today, approved
all resolutions on its agenda.
Among other resolutions adopted at the meeting, the shareholders approved
the consolidated financial statements and the report and accounts of the
Company for the year ended December 31, 2008, as well as the payment of an
annual dividend of US$0.43 per share (US$0.86 per ADS), or approximately
US$507 million. The amount approved includes the interim dividend
previously paid in November 2008, in the amount of US$0.13 per share
(US$0.26 per ADS). Tenaris will pay the balance of the annual dividend
amounting to US$0.30 per share (US$0.60 per ADS), or approximately US$354
million, on June 25, 2009 with an ex-dividend date of June 22, 2009.
The general shareholders' meeting approved the re-election of the current
members of the board of
directors until the next annual shareholders' meeting, which will be held
in June 2010.
The board of directors subsequently confirmed Amadeo Vázquez y Vázquez,
Jaime Serra Puche and
Roberto Monti as members of the Company's audit committee, with Mr. Vázquez
y Vázquez to
continue as chairman. All three members of the audit committee are
independent directors.
The company re-appointed PricewaterhouseCoopers as its independent auditors
for the 2009 fiscal year.
A summary of the resolutions adopted at the meeting can be downloaded from
Tenaris's website at www.tenaris.com/investors.
Tenaris is a leading global supplier of steel tubes and related services
for the world's energy industry and certain other industrial applications.