Eni Buys Back 1M Shares for €14.7M
Ticker: EIPAF · Form: 6-K · Filed: Jun 5, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Jun 5, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, treasury-shares, shareholder-value
TL;DR
Eni just bought back 1M shares for €14.7M, signaling confidence.
AI Summary
Eni S.p.A. reported the purchase of 1,000,000 of its own shares on May 31, 2024, as part of its ongoing share buyback program. The total consideration for these shares was approximately €14.7 million. This action is part of Eni's commitment to returning value to shareholders.
Why It Matters
The share repurchase indicates Eni's confidence in its financial health and its strategy to enhance shareholder value by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — This filing is a routine report on share repurchases and does not contain significant new risks.
Key Numbers
- 1,000,000 — Treasury Shares Purchased (Represents a portion of Eni's share buyback program.)
- €14.7M — Consideration for Shares (The total cost of the shares repurchased.)
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- May 31, 2024 (date) — Date of share purchase
- 1,000,000 (share_count) — Number of shares purchased
- €14.7 million (dollar_amount) — Total consideration for shares
FAQ
What was the total number of Eni shares purchased during the period of May 27 to May 31, 2024?
Eni purchased 1,000,000 of its own shares during the period from May 27 to May 31, 2024.
What was the total amount paid for the shares purchased on May 31, 2024?
The total consideration for the 1,000,000 shares purchased on May 31, 2024, was approximately €14,700,000.
Is this share repurchase part of a larger program?
Yes, the filing indicates this purchase is part of Eni's ongoing share buyback program.
What is the filing type and reporting period?
This is a Form 6-K report for the month of June 2024, with data as of May 31, 2024.
Where is Eni S.p.A. headquartered?
Eni S.p.A. is headquartered in Rome, Italy, at Piazzale Enrico Mattei 1.
Filing Stats: 3,509 words · 14 min read · ~12 pages · Grade level 1.3 · Accepted 2024-06-05 12:08:56
Filing Documents
- form6k-32440_eni.htm (6-K) — 6458KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 61KB
- 0001174947-24-000799.txt ( ) — 6566KB
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: June 5, 2024 Eni: report on the purchase of treasury shares during the period from 27 to 31 May 2024 San Donato Milanese (Milan), 5 June 2024 – During the period from 27 to 31 May 2024, Eni acquired on the Euronext Milan no. 3,442,000 shares (equal to 0.10% of the share capital), at a weighted average price per share equal to € 14.4772, for a total consideration of € 49,830,476.85 within the first tranche of the treasury shares program approved by the Shareholders' Meeting on 15 May 2024, previously subject to disclosure pursuant to art. 144-bis of Consob Regulation 11971/1999, for the purpose of building up the stock to serve the implementation of the Employees Stock Ownership Plan 2024-2026. 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: Trade date (dd/mm/yy) Transaction quantity Transaction weighted average price (euro) Transaction amount (euro) 27/05/2024 640,000 € 14.4840 € 9,269,737.60 28/05/2024 670,000 € 14.5399 € 9,741,741.04 29/05/2024 820,000 € 14.5322 € 11,916,410.56 30/05/2024 712,000 € 14.3637 € 10,226,957.25 31/05/2024 600,000 € 14.4594 € 8,675,630.40 Totale 3,442,000 € 14.4772 € 49,830,476.85 Following purchases made until 31 May 2024, considering the treasury shares already held, Eni holds n. 93,663,072 shares equal to 2.85% of the share capital. Details of the daily transactions made during the period from 27 to 31 May 2024 are reported below. Transacti