Eni S.p.A. Discloses Treasury Share Purchases
Ticker: EIPAF · Form: 6-K · Filed: Mar 6, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Mar 6, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, share-repurchase, disclosure
TL;DR
Eni bought back its own shares from Feb 26-Mar 1. Standard share repurchase update.
AI Summary
Eni S.p.A. reported on its purchase of treasury shares between February 26 and March 1, 2024. The filing, submitted on March 6, 2024, details these transactions as part of its ongoing share buyback program. Eni is a foreign issuer based in Rome, Italy, and files reports under the 1934 Act.
Why It Matters
This filing provides transparency on Eni's capital allocation strategy, specifically its commitment to returning value to shareholders through share repurchases.
Risk Assessment
Risk Level: low — This is a routine disclosure of treasury share purchases, not indicating new material risks.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- 0001174947-24-000292 (accession_number) — Filing identifier
- March 2024 (date) — Reporting period
- February 26 to March 1, 2024 (date) — Period of treasury share purchases
- Rome, Italy (location) — Company headquarters
FAQ
What is the primary purpose of this Form 6-K filing?
The primary purpose of this Form 6-K filing is to report on Eni S.p.A.'s purchase of treasury shares during the period from February 26 to March 1, 2024.
When was this report filed with the SEC?
This report was filed with the SEC on March 6, 2024.
Where is Eni S.p.A. headquartered?
Eni S.p.A. is headquartered in Rome, Italy.
Under which act does Eni S.p.A. file its reports?
Eni S.p.A. files its reports under the Securities Exchange Act of 1934.
What specific period do the treasury share purchases cover?
The treasury share purchases covered in this report occurred during the period from February 26 to March 1, 2024.
Filing Stats: 3,582 words · 14 min read · ~12 pages · Grade level 1.5 · Accepted 2024-03-06 11:17:35
Filing Documents
- form6k-31711_eni.htm (6-K) — 3044KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 61KB
- 0001174947-24-000292.txt ( ) — 3152KB
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: March 6, 2024 Eni: Report on the purchase of treasury shares during the period from 26 February to 1 March 2024 San Donato Milanese (Milan), 6 March 2024 – During the period from 26 February to 1 March 2024, Eni acquired on the Euronext Milan no. 2,099,812 shares (equal to 0.06% of the share capital), at a weighted average price per share equal to 14.3004 euro, for a total consideration of 30,028,196.67 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) 26/02/2024 421,276 € 14.1963 € 5,980,560.48 27/02/2024 422,393 € 14.3101 € 6,044,486.07 28/02/2024 418,400 € 14.4083 € 6,028,432.72 29/02/2024 416,823 € 14.2791 € 5,951,857.30 01/03/2024 420,920 € 14.3088 € 6,022,860.10 Total 2,099,812 € 14.3004 € 30,028,196.67 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. 90,741,089 shares (equal to 2.69% of the share capital) for a total consideration of 1,364,840,061.52 euro. Considering the treasury shares a