Eni S.p.A. Buys Back Shares August 12-16
Ticker: EIPAF · Form: 6-K · Filed: Aug 21, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Aug 21, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, share-repurchase, sec-filing
TL;DR
Eni bought back its own stock last week, signaling confidence.
AI Summary
Eni S.p.A. reported on its purchase of treasury shares between August 12 and August 16, 2024. The filing, submitted on August 21, 2024, details these transactions as part of its ongoing share repurchase 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 disclosure of treasury share purchases, which is a standard corporate action.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- August 12, 2024 (date) — Start of share purchase period
- August 16, 2024 (date) — End of share purchase period
- August 21, 2024 (date) — Filing date
- Rome, Italy (location) — Company headquarters
FAQ
What specific number of treasury shares did Eni purchase between August 12 and August 16, 2024?
The filing states that Eni purchased treasury shares during this period but does not specify the exact number of shares or the total value of the purchases in the provided text.
What is the purpose of Eni's treasury share purchases?
The filing indicates these are part of Eni's report on the purchase of treasury shares, typically done to manage capital structure or return value to shareholders, though the specific purpose is not detailed here.
When was this Form 6-K filed with the SEC?
This Form 6-K was filed on August 21, 2024.
What is Eni S.p.A.'s primary business?
Eni S.p.A. is listed under the Standard Industrial Classification code 1311 for Crude Petroleum & Natural Gas.
Does Eni file annual reports under Form 20-F or Form 40-F?
Eni indicates it files annual reports under cover of Form 20-F.
Filing Stats: 3,516 words · 14 min read · ~12 pages · Grade level 1.4 · Accepted 2024-08-21 11:14:46
Filing Documents
- form6k-32747_eni.htm (6-K) — 5636KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 61KB
- 0001174947-24-001016.txt ( ) — 5744KB
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 21, 2024 Eni: report on the purchase of treasury shares during the period from 12 to 16 August 2024 San Donato Milanese (Milan), 21 August 2024 – During the period from 12 to 16 August 2024, Eni acquired on the Euronext Milan no. 3,189,700 shares (equal to 0.10% of the share capital), at a weighted average price per share equal to 14.4175 euro, for a total consideration of 45,987,443.09 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) 12/08/2024 797,000 € 14.4166 € 11,490,055.70 13/08/2024 800,000 € 14.3780 € 11,502,424.80 14/08/2024 798,700 € 14.3983 € 11,499,899.05 15/08/2024 0 € 0.0000 € 0.00 16/08/2024 794,000 € 14.4774 € 11,495,063.54 Total 3,189,700 € 14.4175 € 45,987,443.09 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 28,485,798 shares (equal to 0.87% of the share capital) for a total consideration of 405,797,412.56 euro. Considering the treasury shares already held and the purchases made from