Eni S.p.A. Buys Treasury Shares
Ticker: EIPAF · Form: 6-K · Filed: Jun 20, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Jun 20, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, foreign-issuer, sec-filing
TL;DR
ENI bought back shares June 13-14. Standard 6-K filing.
AI Summary
Eni S.p.A. reported on June 20, 2024, that it purchased treasury shares between June 13 and June 14, 2024. The filing is a Form 6-K, indicating it's a report from a foreign issuer.
Why It Matters
Share buybacks can signal management's confidence in the company's valuation and potentially increase earnings per share.
Risk Assessment
Risk Level: low — This filing is a routine report of treasury share purchases and does not contain significant new financial or strategic information.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- June 13 to June 14, 2024 (date) — Period of treasury share purchase
- June 20, 2024 (date) — Filing date
FAQ
What type of filing is this report from Eni S.p.A.?
This report is a Form 6-K, which is a Report of Foreign Issuer pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.
What is the primary subject of this 6-K filing?
The primary subject is the report on the purchase of treasury shares by Eni S.p.A. during the period from June 13 to June 14, 2024.
When was this report filed with the SEC?
This report was filed with the SEC on June 20, 2024.
Does Eni S.p.A. file annual reports under Form 20-F or Form 40-F?
The filing indicates that Eni S.p.A. files annual reports under cover of Form 20-F.
What is the principal executive office address for Eni S.p.A.?
The principal executive offices are located at Piazzale Enrico Mattei 1, 00144 Rome, Italy.
Filing Stats: 3,515 words · 14 min read · ~12 pages · Grade level 1.4 · Accepted 2024-06-20 06:04:05
Filing Documents
- tm2417593d1_6k.htm (6-K) — 2778KB
- tm2417593d1_6kimg01.jpg (GRAPHIC) — 3KB
- tm2417593d1_6kimg02.jpg (GRAPHIC) — 2KB
- 0001104659-24-073043.txt ( ) — 2786KB
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 19, 2024 Eni: report on the purchase of treasury shares during the period from 13 to 14 June 2024 San Donato Milanese (Milan), 19 June 2024 – During the period from 13 to 14 June 2024, Eni acquired on the Euronext Milan no. 1,118,000 shares (equal to 0.03% of the share capital), at a weighted average price per share equal to 13.7083 euro, for a total consideration of 15,325,923.81 euro within the second 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 paying to the Shareholders an additional remuneration compared to the distribution of dividends. 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) 13/06/2024 555,000 € 13.8043 € 7,661,387.06 14/06/2024 563,000 € 13.6137 € 7,664,536.75 Total 1,118,000 € 13.7083 € 15,325,923.81 Considering the treasury shares already held and the purchases made from the beginning of the treasury shares buyback program on 27 May 2024, Eni holds n. 97,739,072 shares equal to 2.98% of the share capital. Details of the daily transactions made during the period from 13 to 14 June 2024 are reported below. Transaction details Trade date (dd/mm/yy) Execution time Transaction quantity Transaction price (euro) 13/06/2024 08:00:29 500