Eni Shareholders Approve 2023 Financials and Dividend
Ticker: EIPAF · Form: 6-K · Filed: May 15, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | May 15, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: dividend, share-buyback, financials
TL;DR
Eni approved 2023 financials, a €0.44/share dividend, and €1.1B buyback.
AI Summary
Eni S.p.A. held its Shareholders' Meeting on May 15, 2024, where several resolutions were passed. Key among these was the approval of the financial statements for the year ended December 31, 2023, and the distribution of a dividend of €0.44 per share. The meeting also approved the allocation of €1.1 billion for share buybacks.
Why It Matters
The approval of financial statements and dividend distribution directly impacts shareholder returns and signals the company's financial health and confidence in future performance.
Risk Assessment
Risk Level: low — This filing is a routine report of shareholder meeting resolutions and does not introduce new material risks.
Key Numbers
- €0.44 — Dividend per share (Approved for FY 2023)
- €1.1 billion — Share buyback (Approved allocation)
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- May 15, 2024 (date) — Shareholders' Meeting Date
- December 31, 2023 (date) — Fiscal Year End
- €0.44 (dollar_amount) — Dividend per share
- €1.1 billion (dollar_amount) — Share buyback allocation
FAQ
What was the total dividend approved for distribution?
The filing states a dividend of €0.44 per share was approved, but the total amount is not explicitly calculated in this report.
When was the Eni S.p.A. Shareholders' Meeting held?
The Shareholders' Meeting was held on May 15, 2024.
What is the fiscal year end for Eni S.p.A.?
Eni S.p.A.'s fiscal year ends on December 31.
What is the purpose of this Form 6-K filing?
This Form 6-K is a Report of Foreign Issuer providing information about the resolutions of Eni S.p.A.'s Shareholders' Meeting.
What is the amount allocated for share buybacks?
The Shareholders' Meeting approved the allocation of €1.1 billion for share buybacks.
Filing Stats: 1,513 words · 6 min read · ~5 pages · Grade level 13.9 · Accepted 2024-05-15 10:51:53
Filing Documents
- form6k-32328_eni.htm (6-K) — 36KB
- image_001.jpg (GRAPHIC) — 6KB
- image_002.jpg (GRAPHIC) — 5KB
- 0001174947-24-000749.txt ( ) — 51KB
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: May 15, 2024 Eni: Resolutions of the Shareholders’ Meeting 2024 · approval of Eni S.p.A. 2023 Financial Statements · allocation of 2023 net profit equal to €3.272 billion to the available reserve · total dividend 2024 per share of €1 · approval of the Employee Stock Ownership Plan 2024-2026 · approval of the remuneration policy 2024 and resolution in favour of the remuneration paid in 2023 · authorization to the Board of Directors for the purchase and disposal of Eni treasury shares · potential use of available reserves for and in place of the 2024 dividend · authorization to the Board of Directors to cancel treasury shares that will be purchased for the purpose of remunerating the Shareholders within the new buyback programme Rome, 15 May 2024 – The Ordinary and Extraordinary Meeting of Eni’s Shareholders, held today, resolved the following: (ordinary part) · to approve the statutory
financial statements at December 31, 2023 of Eni S.p.A. which report a net profit amounting to €3,272,366,066.40;
financial statements at December 31, 2023 of Eni S.p.A. which report a net profit amounting to €3,272,366,066.40; · to allocate the net profit for the period of €3,272,366,066.40 to the available reserve; · pursuant to and for the purposes of Art. 114-bis of the Consolidated Law on Financial Intermediation and of Art. 2357- ter of the Italian Civil Code: - to approve the Employee Stock Ownership Plan 2024-2026 (“ESOP”), in favour to Eni employees in general, under the conditions set forth in the Informative Document made available to the Shareholders’ Meeting, granting the Board of Directors all the powers needed to implement the ESOP, also through persons delegated for this purpose; - to authorize the Board of Directors to dispose of up to 10.5 million treasury shares to serve the implementation of the ESOP, of which: i) 4.1 million already in the portfolio free of encumbrances, of which 2.9 million were originally allocated to the previous 2020-2022 ILT Share Plan and not used; ii) 6.4 million arising from the share buyback programme authorised by the today Shareholders’ Meeting; · to authorise the Board of Directors - pursuant to and for the purposes of Art. 2357 of the Italian Civil Code - to proceed with the purchase of treasury shares of the Company, in multiple tranches, for a period up to the end of April 2025, for the purposes referred to in the Explanatory Report of the Board of Directors, within the terms and on the conditions set out below: - the maximum number of shares to be purchased is equal to. 328,000,000 ordinary shares for a total outlay of up to € 3.5 billion, of which: § up to a maximum of 321,600,000 shares for the purpose of remunerating Shareholders; § up to a maximum of 6,400,000 shares allocated to serve the ESOP; - the purchases must be carried out within the limits of distributable profit and available reserves as reported in the most recent regularly