Eni S.p.A. Initiates Second Tranche of Treasury Share Buyback
Ticker: EIPAF · Form: 6-K · Filed: Jun 12, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, buyback, capital-return
TL;DR
Eni's buying back more stock, kicking off tranche 2 of its 2024 program.
AI Summary
Eni S.p.A. announced the termination of the first tranche and the commencement of the second tranche of its 2024 treasury shares buyback program on June 12, 2024. The company purchased treasury shares during the period leading up to this announcement as part of the first tranche.
Why It Matters
This action indicates Eni's ongoing commitment to returning capital to shareholders and managing its share structure, which can influence stock price and investor confidence.
Risk Assessment
Risk Level: low — The filing is a routine update on a previously announced share buyback program, with no new material risks introduced.
Key Players & Entities
- Eni S.p.A. (company) — Registrant and subject of the filing
- June 12, 2024 (date) — Date of the announcement and filing
- 2024 (date) — Year of the treasury shares buyback program
FAQ
What is the purpose of this Form 6-K filing?
This Form 6-K filing is to report on the termination of the first tranche and the start of the second tranche of Eni S.p.A.'s 2024 treasury shares buyback program.
When did Eni S.p.A. announce the buyback program update?
The announcement regarding the treasury shares buyback program update was made on June 12, 2024.
What specific action is Eni S.p.A. taking regarding its treasury shares?
Eni S.p.A. is terminating the first tranche and commencing the second tranche of its 2024 treasury shares buyback program.
What period does the report on the purchase of treasury shares cover?
The report covers the purchase of treasury shares during the period leading up to the announcement, as part of the first tranche of the buyback program.
Is Eni S.p.A. filing this report under the 1934 Act?
Yes, Eni S.p.A. is filing this report pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.
Filing Stats: 3,591 words · 14 min read · ~12 pages · Grade level 1.9 · Accepted 2024-06-12 11:41:54
Filing Documents
- form6k-32472_eni.htm (6-K) — 7137KB
- image_003.jpg (GRAPHIC) — 16KB
- image_004.jpg (GRAPHIC) — 61KB
- 0001174947-24-000834.txt ( ) — 7246KB
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 12, 2024 Eni - treasury shares buyback program for 2024: termination of the first tranche and start of the second tranche Report on the purchase of treasury shares during the period from 3 to 7 June 2024 San Donato Milanese (Milan), 12 June 2024 – During the period from 3 to 7 June 2024, Eni acquired on the Euronext Milan no 2,958,000 shares (equal to 0.09% of the share capital), at a weighted average price per share equal to € 14.1884, for a total consideration of € 41,969,219.82 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) 03/06/2024 850,000 € 14.5401 € 12,359,045.05 04/06/2024 1,054,000 € 14.0769 € 14,837,010.44 05/06/2024 351,000 € 14.0326 € 4,925,435.93 06/06/2024 351,500 € 13.9781 € 4,913,290.55 07/06/2024 351,500 € 14.0382 € 4,934,437.85 Total 2,958,000 € 14.1884 € 41,969,219.82 With purchases indicated above the first tranche of the Company's treasury shares buyback program for 2024, launched on 27 May 2024, has been terminated. Since