Eni Buys Back Shares Feb 19-23

TL;DR

**Eni bought back shares between Feb 19-23, signaling confidence and potentially boosting EPS.**

AI Summary

Eni S.p.A. filed a 6-K report on February 28, 2024, detailing its purchase of treasury shares. This activity occurred during the period from February 19 to February 23, 2024. The filing indicates the company is actively buying back its own stock, a move often seen as a positive signal to the market.

Why It Matters

Treasury share purchases can reduce the number of outstanding shares, potentially boosting earnings per share and signaling management's confidence in the company's valuation and future prospects.

Risk Assessment

Risk Level: low — Share buybacks are generally viewed as a positive use of capital, returning value to shareholders and indicating management's belief the stock is undervalued.

Key Numbers

• February 19-23, 2024 — Treasury Share Purchase Period (Period during which Eni S.p.A. purchased treasury shares)
• February 28, 2024 — Filing Date (Date the 6-K report was filed)

Key Players & Entities

• Eni S.p.A. (company) — Registrant
• Securities and Exchange Commission (company) — Regulatory body

FAQ

Filing Documents

• form6k-31645_eni.htm (6-K) — 3066KB
• image_001.jpg (GRAPHIC) — 3KB
• image_002.jpg (GRAPHIC) — 3KB
• 0001174947-24-000266.txt ( ) — 3075KB

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 28, 2024 Eni: Report on the purchase of treasury shares during the period from 19 to 23 February 2024 San Donato Milanese (Milan), 28 February 2024 – During the period from 19 to 23 February 2024, Eni acquired on the Euronext Milan no. 2,107,832 shares (equal to 0.06% of the share capital), at a weighted average price per share equal to 14.2281 euro, for a total consideration of 29,990,500.04 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) 19/02/2024 419,623 € 14.1461 € 5,936,028.92 20/02/2024 424,480 € 14.2222 € 6,037,039.46 21/02/2024 422,560 € 14.2149 € 6,006,648.14 22/02/2024 421,489 € 14.3161 € 6,034,078.67 23/02/2024 419,680 € 14.2411 € 5,976,704.85 Total 2,107,832 € 14.2281 € 29,990,500.04 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. 88,641,277 shares (equal to 2.63% of the share capital) for a total consideration of 1,334,811,864.85 euro. Considering the treasury shares alr

View Full Filing

View this 6-K filing on SEC EDGAR