Eni S.p.A. Buys Back Treasury Shares
Ticker: EIPAF · Form: 6-K · Filed: Sep 11, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Sep 11, 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 the purchase of treasury shares between September 2nd and September 6th, 2024. The filing details the transactions as part of its ongoing treasury share program. Specific details on the number of shares and total cost were not provided in this summary section of the 6-K filing.
Why It Matters
This indicates Eni is actively managing its capital structure and potentially returning value to shareholders through share repurchases.
Risk Assessment
Risk Level: low — The filing is a routine report on treasury share purchases, which is a common corporate action.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- September 2, 2024 (date) — Start of treasury share purchase period
- September 6, 2024 (date) — End of treasury share purchase period
FAQ
What is the purpose of this Form 6-K filing?
This Form 6-K filing is a report by Eni S.p.A., a foreign issuer, detailing its purchase of treasury shares during the period from September 2 to September 6, 2024.
When did Eni S.p.A. purchase treasury shares?
Eni S.p.A. purchased treasury shares during the period from September 2, 2024, to September 6, 2024.
Is Eni S.p.A. required to file annual reports under Form 20-F or 40-F?
Yes, Eni S.p.A. indicates 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 offices of Eni S.p.A. are located at Piazzale Enrico Mattei 1, 00144 Rome, Italy.
Does this filing indicate Eni is furnishing information under Rule 12g3-2(b)?
No, the filing explicitly states 'No' when indicating whether it is furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Filing Stats: 3,515 words · 14 min read · ~12 pages · Grade level 1.5 · Accepted 2024-09-11 11:19:05
Filing Documents
- form6k-32849_eni.htm (6-K) — 6783KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 61KB
- 0001174947-24-001047.txt ( ) — 6891KB
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 11, 2024 Eni: report on the purchase of treasury shares during the period from 2 to 6 September 2024 San Donato Milanese (Milan), 11 September 2024 – During the period from 2 to 6 September 2024, Eni acquired on the Euronext Milan no. 4,007,068 shares (equal to 0.12% of the share capital), at a weighted average price per share equal to 14.3480 euro, for a total consideration of 57,493,384.69 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) 02/09/2024 781,968 € 14.7065 € 11,499,987.37 03/09/2024 792,000 € 14.5282 € 11,506,321.73 04/09/2024 807,600 € 14.2387 € 11,499,202.39 05/09/2024 808,500 € 14.2238 € 11,499,947.96 06/09/2024 817,000 € 14.0611 € 11,487,925.24 Total 4,007,068 € 14.3480 € 57,493,384.69 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 40,348,847 shares (equal to 1.23% of the share capital) for a total consideration of 578,290,848.39 euro. Considering the treasury shares already held and