Eni S.p.A. Buys Back Treasury Shares
Ticker: EIPAF · Form: 6-K · Filed: Aug 14, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Aug 14, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, share-buyback, disclosure
TL;DR
Eni bought back its own stock last week, signaling confidence.
AI Summary
Eni S.p.A. reported the purchase of treasury shares between August 5 and August 9, 2024. The filing, submitted on August 14, 2024, details these transactions as part of its ongoing share buyback program. No specific dollar amounts for the purchases were detailed in this particular 6-K filing.
Why It Matters
This filing indicates Eni's continued commitment to returning capital to shareholders through share repurchases, which can support the 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
- August 5 to August 9, 2024 (date) — Period of treasury share purchases
- August 14, 2024 (date) — Filing date
FAQ
What is the purpose of this Form 6-K filing?
This Form 6-K filing is a report by Eni S.p.A. detailing the purchase of treasury shares during the period from August 5 to August 9, 2024.
When was this filing submitted to the SEC?
The filing was submitted to the SEC on August 14, 2024.
Does Eni S.p.A. file annual reports under Form 20-F or 40-F?
Eni S.p.A. indicated that it files annual reports under cover of Form 20-F.
What is the principal executive office address for Eni S.p.A.?
The principal executive office address for Eni S.p.A. is Piazzale Enrico Mattei 1 - 00144 Rome, Italy.
What specific period does the report cover regarding treasury share purchases?
The report covers the period from August 5 to August 9, 2024, for the purchase of treasury shares.
Filing Stats: 3,528 words · 14 min read · ~12 pages · Grade level 1.4 · Accepted 2024-08-14 11:57:30
Filing Documents
- form6k-32727_eni.htm (6-K) — 10119KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 61KB
- 0001174947-24-001009.txt ( ) — 10227KB
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 14, 2024 Eni: report on the purchase of treasury shares during the period from 5 to 9 August 2024 San Donato Milanese (Milan), 14 August 2024 – During the period from 5 to 9 August 2024, Eni acquired on the Euronext Milan no. 4,086,379 shares (equal to 0.12% of the share capital), at a weighted average price per share equal to 14.0670 euro, for a total consideration of 57,483,243.64 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) 05/08/2024 831,379 € 13.8324 € 11,499,995.15 06/08/2024 825,000 € 13.9330 € 11,494,761.30 07/08/2024 816,000 € 14.0868 € 11,494,814.93 08/08/2024 811,000 € 14.1698 € 11,491,671.30 09/08/2024 803,000 € 14.3238 € 11,502,000.96 Total 4,086,379 € 14.0670 € 57,483,243.64 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 25,296,098 shares (equal to 0.77% of the share capital) for a total consideration of 359,809,969.47 euro. Considering the treasury shares already held and the purchase