Eni S.p.A. Reports Treasury Share Purchases July 1-5
Ticker: EIPAF · Form: 6-K · Filed: Jul 11, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Jul 11, 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 July 1-5, details in new 6-K filing.
AI Summary
Eni S.p.A. reported on its purchase of treasury shares for the period of July 1 to July 5, 2024. The filing, submitted on July 11, 2024, details these transactions as part of its ongoing share buyback program. Eni is an Italian energy company based 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 report on treasury share purchases and does not contain new material financial or operational information that would significantly alter risk perception.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- July 1 to July 5, 2024 (date) — Period of treasury share purchases
- July 11, 2024 (date) — Filing date
- Rome, Italy (location) — Company headquarters
FAQ
What is the primary purpose of this Form 6-K filing?
The primary purpose of this Form 6-K filing is to report on Eni S.p.A.'s purchase of treasury shares during the period from July 1 to July 5, 2024.
When was this report filed with the SEC?
This report was filed with the SEC on July 11, 2024.
What is Eni S.p.A.'s principal executive office address?
Eni S.p.A.'s principal executive office is 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. files annual reports under cover of Form 20-F.
Is Eni S.p.A. furnishing information to the Commission pursuant to Rule 12g3-2(b)?
No, Eni S.p.A. is not furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934, as indicated by the 'No' checkbox being marked.
Filing Stats: 3,530 words · 14 min read · ~12 pages · Grade level 1.4 · Accepted 2024-07-11 08:38:28
Filing Documents
- tm2419206d1_6k.htm (6-K) — 5511KB
- tm2419206d1_6k-img01.jpg (GRAPHIC) — 14KB
- tm2419206d1_6k-img02.jpg (GRAPHIC) — 4KB
- 0001104659-24-079110.txt ( ) — 5538KB
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. Name: Paola Mariani Title: Head of Corporate Secretary’s Staff Office Date: July 10, 2024 Eni: report on the purchase of treasury shares during the period from 1 to 5 July 2024 San Donato Milanese (Milan), 10 July 2024 – During the period from 1 to 5 July 2024, Eni acquired on the Euronext Milan no. 2,619,600 shares (equal to 0.08% of the share capital), at a weighted average price per share equal to 14.5443 euro, for a total consideration of 38,100,139.62 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) 01/07/2024 528,000 € 14.5108 € 7,661,713.49 02/07/2024 524,500 € 14.6040 € 7,659,817.41 03/07/2024 524,100 € 14.4866 € 7,592,430.73 04/07/2024 521,000 € 14.5716 € 7,591,815.58 05/07/2024 522,000 € 14.5486 € 7,594,362.41 Total 2,619,600 € 14.5443 € 38,100,139.62 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 9,183,100 shares (equal to 0.28% of the share capital) for a total consideration of 130,005,867.72 euro. Considering the treasury shares already held and the purchases made from the beginning of the tr