Eni S.p.A. Buys Back Treasury Shares
Ticker: EIPAF · Form: 6-K · Filed: Jun 26, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Jun 26, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, share-buyback, sec-filing
TL;DR
Eni bought back its own shares last week, showing confidence.
AI Summary
Eni S.p.A. reported on its purchase of treasury shares between June 17 and June 21, 2024. The filing, submitted on June 26, 2024, details these transactions as part of its ongoing share buyback program. Eni is an Italian energy company headquartered in Rome.
Why It Matters
This filing provides transparency on Eni's capital allocation strategy and its commitment to returning value to shareholders through share repurchases.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of treasury share purchases, which is a standard corporate action.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- June 17 to June 21, 2024 (date) — Period of treasury share purchases
- June 26, 2024 (date) — Filing date
- Rome, Italy (location) — Company headquarters
FAQ
What specific number of treasury shares did Eni purchase between June 17 and June 21, 2024?
The filing states that Eni reported on the purchase of treasury shares during the period from June 17 to June 21, 2024, but does not specify the exact number of shares purchased in this summary.
What is the purpose of Eni's treasury share purchases?
The filing indicates these are purchases of treasury shares, which are typically part of a company's capital allocation strategy, often aimed at returning value to shareholders or for employee stock plans.
When was this Form 6-K filed with the SEC?
This Form 6-K was filed on June 26, 2024.
What is Eni S.p.A.'s principal executive office address?
Eni S.p.A.'s principal executive offices are located at Piazzale Enrico Mattei 1, 00144 Rome, Italy.
Does Eni S.p.A. file annual reports under Form 20-F or Form 40-F?
Eni S.p.A. indicates it files annual reports under cover of Form 20-F.
Filing Stats: 3,529 words · 14 min read · ~12 pages · Grade level 1.4 · Accepted 2024-06-26 11:16:14
Filing Documents
- tm2418299d1_6k.htm (6-K) — 6120KB
- tm2418299d1_6kimg001.jpg (GRAPHIC) — 11KB
- tm2418299d1_6kimg002.jpg (GRAPHIC) — 4KB
- 0001104659-24-075060.txt ( ) — 6141KB
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 26, 2024 Eni: report on the purchase of treasury shares during the period from 17 to 21 June 2024 San Donato Milanese (Milan), 26 June 2024 – During the period from 17 to 21 June 2024, Eni acquired on the Euronext Milan no. 2,763,000 shares (equal to 0.08% of the share capital), at a weighted average price per share equal to 13.8543 euro, for a total consideration of 38,279,462.42 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) 17/06/2024 564,000 € 13.5655 € 7,650,921.13 18/06/2024 558,000 € 13.7202 € 7,655,881.64 19/06/2024 550,000 € 13.9225 € 7,657,348.60 20/06/2024 544,000 € 14.0740 € 7,656,277.22 21/06/2024 547,000 € 14.0019 € 7,659,033.83 Total 2,763,000 € 13.8543 € 38,279,462.42 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 3,881,000 shares (equal to 0.12% of the share capital) for a total consideration of 53,605,386.23 euro. Considering the treasury shares already held and the purchases made f