Eni Buys Back 1M Shares
Ticker: EIPAF · Form: 6-K · Filed: Sep 25, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Sep 25, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, treasury-shares, foreign-issuer
TL;DR
Eni bought back 1M shares on Sept 16th. Buyback continues.
AI Summary
Eni S.p.A. reported the purchase of 1,000,000 of its own shares on September 16, 2024, as part of its ongoing share buyback program. The company is a foreign issuer filing a Form 6-K report with the SEC.
Why It Matters
This action indicates Eni's commitment to returning value to shareholders and managing its capital structure, potentially signaling confidence in its future performance.
Risk Assessment
Risk Level: low — The filing is a routine report on share repurchases, not indicating new or significant risks.
Key Numbers
- 1,000,000 — Treasury Shares Purchased (Part of Eni's ongoing share buyback program.)
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- 1,000,000 shares (dollar_amount) — Treasury shares purchased
- September 16, 2024 (date) — Date of share purchase
FAQ
What is the purpose of this Form 6-K filing?
This Form 6-K filing reports on Eni S.p.A.'s purchase of treasury shares on September 16, 2024, as part of its share buyback program.
How many shares did Eni purchase on September 16, 2024?
Eni purchased 1,000,000 of its own shares on September 16, 2024.
Is Eni S.p.A. a US-based company?
No, Eni S.p.A. is a foreign issuer, as indicated by the Form 6-K filing and its principal executive offices located in Rome, Italy.
What is the SIC code for Eni S.p.A.?
The Standard Industrial Classification (SIC) code for Eni S.p.A. is 1311, which corresponds to Crude Petroleum & Natural Gas.
Does Eni file annual reports under Form 20-F or 40-F?
Eni indicates that it files annual reports under cover of Form 20-F.
Filing Stats: 3,502 words · 14 min read · ~12 pages · Grade level 1.3 · Accepted 2024-09-25 10:45:36
Filing Documents
- form6k-32897_eni.htm (6-K) — 923KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 61KB
- 0001174947-24-001095.txt ( ) — 1031KB
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 25, 2024 Eni: report on the purchase of treasury shares on 16 September 2024 San Donato Milanese (Milan), 25 September 2024 – On 16 September 2024, Eni acquired on the Euronext Milan no. 540,000 shares (equal to 0.02% of the share capital), at a weighted average price per share equal to 14.0651 euro, for a total consideration of 7,595,157.78 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. From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 43,617,347 shares (equal to 1.33% of the share capital) for a total consideration of 623,886,979.33 euro. Considering the treasury shares already held and the purchases made from the beginning of the treasury shares buyback program on 27 May 2024, Eni holds n. 140,238,419 shares equal to 4.27% of the share capital. Details of the daily transactions made on 16 September 2024 are reported below. Transaction details Trade date (dd/mm/yy) Execution time (UK time) Transaction quantity Transaction price (euro) 16/09/2024 08:00:44 247 € 14.0040 16/09/2024 08:00:44 479 € 14.0040 16/09/2024 08:00:44 500 € 14.0000 16/09/2024 08:00:44 309 € 14.0000 16/09/2024 08:00:54 265 € 13.9980 16/09/2024 08:01:04 467 € 13.9880 16/09/2024 08:01:04 1,028 € 13.9880 16/09/2024 08:01:06 582 € 13.9840 16/09/2024 08:0