Eni S.p.A. Reports Treasury Share Purchases
Ticker: EIPAF · Form: 6-K · Filed: Aug 28, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Aug 28, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, share-buyback, company-report
TL;DR
Eni bought back its own shares Aug 19-23. Buyback continues.
AI Summary
Eni S.p.A. reported on its purchase of treasury shares for the period of August 19 to August 23, 2024. The filing, submitted on August 28, 2024, details these transactions as part of its ongoing share buyback program. Eni S.p.A. 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 risks.
Key Players & Entities
- Eni S.p.A. (company) — Registrant and subject of the report
- August 19 to August 23, 2024 (date) — Period of treasury share purchases
- August 28, 2024 (date) — Filing date of the report
- Rome, Italy (location) — Location of Eni S.p.A. headquarters
FAQ
What specific number of treasury shares did Eni S.p.A. purchase between August 19 and August 23, 2024?
The filing states that Eni S.p.A. reported on the purchase of treasury shares during the period from August 19 to August 23, 2024, but the exact number of shares purchased is not detailed in this specific excerpt.
What is the purpose of Eni S.p.A. purchasing treasury shares?
The filing indicates these are treasury share purchases, which are typically part of a company's capital allocation strategy, often to return value to shareholders or for employee stock plans.
When was this Form 6-K filed with the SEC?
This Form 6-K was filed on August 28, 2024.
What is Eni S.p.A.'s primary business?
Eni S.p.A. is in the Crude Petroleum & Natural Gas industry, SIC code 1311.
Where is Eni S.p.A. headquartered?
Eni S.p.A. is headquartered at Piazzale Enrico Mattei 1, Rome, Italy.
Filing Stats: 3,493 words · 14 min read · ~12 pages · Grade level 1.4 · Accepted 2024-08-28 12:59:04
Filing Documents
- tm2422900d1_6k.htm (6-K) — 6197KB
- tm2422900d1_6kimg001.jpg (GRAPHIC) — 16KB
- tm2422900d1_6kimg002.jpg (GRAPHIC) — 61KB
- 0001104659-24-093877.txt ( ) — 6305KB
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 28, 2024 Eni: report on the purchase of treasury shares during the period from 19 to 23 August 2024 San Donato Milanese (Milan), 28 August 2024 – During the period from 19 to 23 August 2024, Eni acquired on the Euronext Milan no. 3,957,981 shares (equal to 0.12% of the share capital), at a weighted average price per share equal to 14.5250 euro, for a total consideration of 57,489,684.43 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) 19/08/2024 789,000 € 14.5689 € 11,494,867.62 20/08/2024 791,597 € 14.5276 € 11,499,993.49 21/08/2024 793,000 € 14.5031 € 11,500,993.19 22/08/2024 794,892 € 14.4674 € 11,499,991.90 23/08/2024 789,492 € 14.5585 € 11,493,838.23 Total 3,957,981 € 14.5250 € 57,489,684.43 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 32,443,779 shares (equal to 0.99% of the share capital) for a total consideration of 463,287,097.00 euro. Considering the treasury shares already held and the purchas