Eni S.p.A. Buys Back Treasury Shares
Ticker: EIPAF · Form: 6-K · Filed: Aug 7, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Aug 7, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, share-repurchase
TL;DR
Eni bought back its own stock last week, signaling confidence.
AI Summary
Eni S.p.A. reported the purchase of treasury shares for the period of July 29 to August 2, 2024. The filing, submitted on August 7, 2024, details these transactions as part of its ongoing share repurchase program.
Why It Matters
This filing indicates Eni's continued commitment to its share buyback program, which can signal confidence in the company's valuation and potentially support its stock price.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of treasury share purchases, which is a common corporate action and does not present new or significant risks.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- July 29 to August 2, 2024 (date) — Period of treasury share purchases
- August 7, 2024 (date) — Filing date
FAQ
What is the primary purpose of this Form 6-K filing?
The primary purpose is to report on Eni S.p.A.'s purchase of treasury shares during the period from July 29 to August 2, 2024.
When was this report filed with the SEC?
This report was filed on August 7, 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 under 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.
Filing Stats: 3,525 words · 14 min read · ~12 pages · Grade level 1.5 · Accepted 2024-08-07 11:41:59
Filing Documents
- form6k-32702_eni.htm (6-K) — 8684KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 61KB
- 0001174947-24-000972.txt ( ) — 8792KB
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: August 7, 2024 Eni: report on the purchase of treasury shares during the period from 29 July to 2 August 2024 San Donato Milanese (Milan), 7 August 2024 – During the period from 29 July to 2 August 2024, Eni acquired on the Euronext Milan no. 3,933,693 shares (equal to 0.12% of the share capital), at a weighted average price per share equal to 14.6167 euro, for a total consideration of 57,497,651.17 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) 29/07/2024 784,961 € 14.6505 € 11,500,038.16 30/07/2024 784,237 € 14.6639 € 11,499,989.41 31/07/2024 775,495 € 14.8292 € 11,499,999.92 01/08/2024 782,000 € 14.7057 € 11,499,835.50 02/08/2024 807,000 € 14.2476 € 11,497,788.18 Total 3,933,693 € 14.6167 € 57,497,651.17 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 21,209,719 shares (equal to 0.65% of the share capital) for a total consideration of 302,326,725.83 euro. Considering the treasury shares already held and th