FORM 6 - K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
As of April 4, 2006
TENARIS, S.A.
(Translation of Registrant's name into English)
TENARIS, S.A.
46a, Avenue John F. Kennedy
L-1855 Luxembourg
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or 40-F.
Form 20-F Form 40-F
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Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12G3-2(b) under the Securities Exchange Act of
1934.
Yes No
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If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-__.
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's press release announcing
it will alter ADS conversion ratio.
Tenaris to Alter ADS Conversion Ratio
LUXEMBOURG--(BUSINESS WIRE)--April 4, 2006--Tenaris S.A. (NYSE:TS)
(BCBA:TS) (BMV:TS) (BI:TEN) announced today that its board of
directors has approved a proposal to alter the conversion ratio of its
American Depositary Shares (ADSs) from the current ratio of one ADS
being equal to ten ordinary shares to a new ratio under which one ADS
will be equal to two ordinary shares. To effect the ratio change, each
holder of ADSs on record at the close of business on April 17 will
receive four additional ADSs for each outstanding ADS that he holds on
the record date, with the settlement date to occur on April 26. The
implementation of this ratio change is subject to all applicable
regulatory and stock exchange approvals and procedures. This ratio
change relates exclusively to the ADSs listed on the New York Stock
Exchange and does not affect the ordinary shares.
Tenaris is a leading global manufacturer of seamless steel pipe
products and provider of pipe handling, stocking and distribution
services to the oil and gas, energy and mechanical industries and a
leading regional supplier of welded steel pipes for gas pipelines in
South America. Domiciled in Luxembourg, it has pipe manufacturing
facilities in Argentina, Brazil, Canada, Italy, Japan, Mexico, Romania
and Venezuela and a network of customer service centers present in
over 20 countries worldwide.
CONTACT: Tenaris
Nigel Worsnop, 1-888-300-5432
www.tenaris.com
SIGNATURE
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.
Date: April 4, 2006
Tenaris, S.A.
By: /s/ Cecilia Bilesio
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Cecilia Bilesio
Corporate Secretary