Eni S.p.A. Reports Treasury Share Purchases in Early February

TL;DR

Eni just bought back its own shares between Feb 5-9, signaling confidence and potentially boosting EPS.

AI Summary

Eni S.p.A. filed a Form 6-K on February 14, 2024, reporting the purchase of its own treasury shares. This activity occurred during the period from February 5 to February 9, 2024. The filing indicates Eni's ongoing program to acquire its shares, as specified in the report titled "Eni: Report on the purchase of treasury shares during the period from 5 to 9 February 2024."

Why It Matters

Share buybacks can boost shareholder value by reducing the number of outstanding shares, thereby increasing earnings per share and potentially the stock price. It signals management's confidence in the company's valuation.

Risk Assessment

Risk Level: low — A share buyback is generally seen as a positive or neutral corporate action, returning value to shareholders and indicating financial strength.

Key Players & Entities

• Eni S.p.A. (company) — Registrant and filer of the 6-K
• February 2024 (date) — Month of the report
• February 5, 2024 (date) — Start date of treasury share purchase period
• February 9, 2024 (date) — End date of treasury share purchase period
• February 14, 2024 (date) — Filed as of date

FAQ

Filing Documents

• form6k-31535_eni.htm (6-K) — 3088KB
• image_001.jpg (GRAPHIC) — 3KB
• image_002.jpg (GRAPHIC) — 2KB
• 0001174947-24-000215.txt ( ) — 3096KB

SIGNATURES

SIGNATURES 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, hereunto duly authorised. Eni S.p.A. /s/ Paola Mariani Name: Paola Mariani Title: Head of Corporate Secretary’s Staff Office Date: February 14, 2024 Eni: Report on the purchase of treasury shares during the period from 5 to 9 February 2024 San Donato Milanese (Milan), 14 February 2024 – During the period from 5 to 9 February 2024, Eni acquired on the Euronext Milan no. 2,070,154 shares (equal to 0.06% of the share capital), at a weighted average price per share equal to 14.4379 euro, for a total consideration of 29,888,746.10 euro within the second tranche of the treasury shares program approved by the Shareholders' Meeting on 10 May 2023, previously subject to disclosure pursuant to art. 144-bis of Consob Regulation 11971/1999. On the basis of the information provided by the intermediary appointed to make the purchases, here below a synthesis of transactions for the purchase of treasury shares on the Euronext Milan on a daily basis: Transaction details Trade date (dd/mm/yy) Transaction quantity Transaction weighted average price (euro) Transaction amount (euro) 05/02/2024 409,679 € 14.4179 € 5,906,710.85 06/02/2024 415,809 € 14.5600 € 6,054,179.04 07/02/2024 411,969 € 14.4724 € 5,962,180.16 08/02/2024 415,626 € 14.3790 € 5,976,286.25 09/02/2024 417,071 € 14.3606 € 5,989,389.80 Total 2,070,154 € 14.4379 € 29,888,746.10 From the start, on 4 September 2023, of the second tranche of the buyback programme (aimed at giving Eni shareholders additional remuneration in relation to the distribution of dividends), Eni acquired no. 84,457,768 shares (equal to 2.50% of the share capital) for a total consideration of 1,274,851,090.31 euro. Considering the treasury shares already

View Full Filing

View this 6-K filing on SEC EDGAR