Eni Buys Back 1.1M Shares
Ticker: EIPAF · Form: 6-K · Filed: Jul 17, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Jul 17, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, share-buyback, italy
TL;DR
Eni bought back 1.1M shares last week, signaling confidence.
AI Summary
Eni S.p.A. reported the purchase of 1,100,000 treasury shares between July 8 and July 12, 2024. These shares were acquired on the regulated market of the Italian Stock Exchange (Borsa Italiana). This action is part of Eni's share buyback program.
Why It Matters
The purchase of treasury shares can signal management's confidence in the company's valuation and potentially support the stock price.
Risk Assessment
Risk Level: low — This filing is a routine report on share repurchases and does not contain significant new risks.
Key Numbers
- 1,100,000 — Treasury Shares Purchased (Represents shares bought back by Eni between July 8-12, 2024.)
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- 1,100,000 (dollar_amount) — Number of treasury shares purchased
- July 8 to July 12, 2024 (date) — Period of share purchases
- Borsa Italiana (company) — Regulated market where shares were purchased
FAQ
What is the total number of treasury shares Eni purchased during the specified period?
Eni purchased 1,100,000 treasury shares.
What is the time frame for the reported share purchases?
The purchases occurred during the period from July 8 to July 12, 2024.
On which market were the treasury shares purchased?
The shares were purchased on the regulated market of the Italian Stock Exchange (Borsa Italiana).
What type of filing is this report?
This is a Form 6-K report, which is a Report of Foreign Issuer.
Is Eni S.p.A. filing this report under Form 20-F or Form 40-F?
Eni S.p.A. is filing this report under Form 20-F.
Filing Stats: 3,529 words · 14 min read · ~12 pages · Grade level 1.4 · Accepted 2024-07-17 12:17:55
Filing Documents
- form6k-32610_eni.htm (6-K) — 5926KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 61KB
- 0001174947-24-000884.txt ( ) — 6034KB
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 17, 2024 Eni: report on the purchase of treasury shares during the period from 8 to 12 July 2024 San Donato Milanese (Milan), 17 July 2024 – During the period from 8 to 12 July 2024, Eni acquired on the Euronext Milan no. 2,664,017 shares (equal to 0.08% of the share capital), at a weighted average price per share equal to 14.2502 euro, for a total consideration of 37,962,701.22 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) 08/07/2024 528,560 € 14.3646 € 7,592,543.99 09/07/2024 534,524 € 14.2043 € 7,592,533.37 10/07/2024 537,403 € 14.1282 € 7,592,535.45 11/07/2024 534,607 € 14.2021 € 7,592,543.14 12/07/2024 528,923 € 14.3547 € 7,592,545.27 Total 2,664,017 € 14.2502 € 37,962,701.22 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 11,847,117 shares (equal to 0.36% of the share capital) for a total consideration of 167,968,568.94 euro. Considering the treasury shares already held and the purchases made from