Eni Buys Back Treasury Shares
Ticker: EIPAF · Form: 6-K · Filed: Sep 4, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Sep 4, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, buyback, sec-filing
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 26 and August 30, 2024. The filing details the number of shares acquired and the average price paid during this period, as part of its ongoing share buyback program. This action reflects Eni's capital allocation strategy.
Why It Matters
The purchase of treasury shares can signal management's confidence in the company's valuation and potentially increase earnings per share by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — This filing is a routine report on treasury share purchases and does not contain significant new financial or operational risks.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- August 26 to August 30, 2024 (date) — Period of treasury share purchase
FAQ
What was the purpose of Eni's filing on September 4, 2024?
The purpose was to report on the purchase of treasury shares by Eni S.p.A. during the period from August 26 to August 30, 2024.
What type of form did Eni S.p.A. file?
Eni S.p.A. filed a Form 6-K, which is a Report of Foreign Issuer.
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.
What period does the 'Table of contents' refer to regarding treasury share purchases?
The table of contents refers to the purchase of treasury shares during the period from August 26 to August 30, 2024.
Filing Stats: 3,511 words · 14 min read · ~12 pages · Grade level 1.5 · Accepted 2024-09-04 10:33:50
Filing Documents
- form6k-32820_eni.htm (6-K) — 5469KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 61KB
- 0001174947-24-001022.txt ( ) — 5578KB
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: September 4, 2024 Eni: report on the purchase of treasury shares during the period from 26 to 30 August 2024 San Donato Milanese (Milan), 4 September 2024 – During the period from 26 to 30 August 2024, Eni acquired on the Euronext Milan no. 3,898,000 shares (equal to 0.12% of the share capital), at a weighted average price per share equal to 14.7538 euro, for a total consideration of 57,510,366.70 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) 26/08/2024 782,000 € 14.7216 € 11,512,273.21 27/08/2024 777,500 € 14.7907 € 11,499,760.70 28/08/2024 784,000 € 14.6718 € 11,502,726.48 29/08/2024 778,500 € 14.7680 € 11,496,878.66 30/08/2024 776,000 € 14.8179 € 11,498,727.65 Total 3,898,000 € 14.7538 € 57,510,366.70 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 36,341,779 shares (equal to 1.11% of the share capital) for a total consideration of 520,797,463.70 euro. Considering the treasury shares already held and the