Eni S.p.A. Discloses Treasury Share Purchases
Ticker: EIPAF · Form: 6-K · Filed: Jul 3, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Jul 3, 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 June 24-28. Standard treasury share activity.
AI Summary
Eni S.p.A. reported on its purchase of treasury shares for the period of June 24 to June 28, 2024. The filing, submitted on July 3, 2024, details these transactions as part of its ongoing share buyback program. Eni is a foreign issuer based in Rome, Italy, and files reports under the 1934 Act.
Why It Matters
This filing provides transparency on Eni's capital allocation strategy, specifically 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, not indicating any new material risks.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- June 24 to June 28, 2024 (date) — Period of treasury share purchases
- July 3, 2024 (date) — Filing date
- Rome, Italy (location) — Company headquarters
FAQ
What specific number of treasury shares did Eni purchase between June 24 and June 28, 2024?
The filing states that Eni purchased treasury shares during the period from June 24 to June 28, 2024, but does not specify the exact number of shares or the total cost in this summary section.
What is the purpose of this Form 6-K filing for Eni S.p.A.?
This Form 6-K is a report of foreign issuer pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934, specifically detailing the purchase of treasury shares.
When was this Form 6-K filed with the SEC?
This Form 6-K was filed with the SEC on July 3, 2024.
Where is Eni S.p.A. headquartered?
Eni S.p.A. is headquartered at Piazzale Enrico Mattei 1, 00144 Rome, Italy.
Does Eni file annual reports under Form 20-F or Form 40-F?
Eni indicates that it files annual reports under cover of Form 20-F.
Filing Stats: 3,518 words · 14 min read · ~12 pages · Grade level 1.4 · Accepted 2024-07-03 09:22:06
Filing Documents
- form6k-32564_eni.htm (6-K) — 6470KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 61KB
- 0001174947-24-000877.txt ( ) — 6578KB
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: July 3, 2024 Eni: report on the purchase of treasury shares during the period from 24 to 28 June 2024 San Donato Milanese (Milan), 3 July 2024 – During the period from 24 to 28 June 2024, Eni acquired on the Euronext Milan no. 2,682,500 shares (equal to 0.08% of the share capital), at a weighted average price per share equal to 14.2779 euro, for a total consideration of 38,300,341.87 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) 24/06/2024 544,000 € 14.0809 € 7,660,019.39 25/06/2024 536,500 € 14.2766 € 7,659,398.05 26/06/2024 536,000 € 14.2867 € 7,657,694.78 27/06/2024 533,500 € 14.3579 € 7,659,921.51 28/06/2024 532,500 € 14.3912 € 7,663,308.14 Total 2,682,500 € 14.2779 € 38,300,341.87 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 6,563,500 shares (equal to 0.2% of the share capital) for a total consideration of 91,905,728.10 euro. Considering the treasury shares already held and the purchases made from t