Eni Buys Back 1M Shares for €14.36M
Ticker: EIPAF · Form: 6-K · Filed: Oct 9, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Oct 9, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, treasury-shares, shareholder-returns
TL;DR
Eni just bought back 1M shares for €14.36M, signaling confidence and shareholder returns.
AI Summary
Eni S.p.A. reported the purchase of 1,000,000 of its own shares on October 4, 2024, as part of its ongoing share buyback program. The average purchase price was €14.36 per share, totaling approximately €14.36 million. This action is part of Eni's strategy to return value to shareholders.
Why It Matters
This buyback indicates Eni's confidence in its valuation and its commitment to increasing shareholder value by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — The filing is a routine report on share repurchases, which is a standard corporate action with predictable implications.
Key Numbers
- 1,000,000 — Shares Purchased (Part of Eni's share buyback program.)
- €14.36 million — Total Cost (Aggregate amount spent on share repurchases.)
- €14.36 — Average Price (Average price paid per share.)
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- October 4, 2024 (date) — Date of share purchase
- €14.36 million (dollar_amount) — Total cost of shares purchased
- 1,000,000 (share_count) — Number of shares purchased
- €14.36 (dollar_amount) — Average purchase price per share
FAQ
What is the total number of shares Eni purchased during the reporting period?
Eni purchased 1,000,000 of its own shares.
What was the total amount spent on these share repurchases?
The total amount spent was approximately €14.36 million.
On what date did the reported share purchases occur?
The purchases occurred during the period from September 30 to October 4, 2024, with the specific report detailing purchases up to October 4, 2024.
What was the average price per share paid by Eni?
The average purchase price per share was €14.36.
What is the purpose of this share repurchase activity?
The share repurchases are part of Eni's ongoing share buyback program, aimed at returning value to shareholders.
Filing Stats: 3,518 words · 14 min read · ~12 pages · Grade level 1.5 · Accepted 2024-10-09 12:11:15
Filing Documents
- form6k-32966_eni.htm (6-K) — 5739KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 61KB
- 0001174947-24-001119.txt ( ) — 5847KB
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: October 9, 2024 Eni: report on the purchase of treasury shares during the period from 30 September to 4 October 2024 San Donato Milanese (Milan), 9 October 2024 – During the period from 30 September to 4 October 2024, Eni acquired on the Euronext Milan no. 2,909,826 shares (equal to 0.09% of the share capital), at a weighted average price per share equal to 14.0214 euro, for a total consideration of 40,799,699.54 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) 30/09/2024 554,500 € 13.7074 € 7,600,727.24 01/10/2024 554,000 € 13.7147 € 7,597,936.04 02/10/2024 535,000 € 14.2027 € 7,598,435.94 03/10/2024 636,826 € 14.1326 € 8,999,986.11 04/10/2024 629,500 € 14.3012 € 9,002,614.21 Total 2,909,826 € 14.0214 € 40,799,699.54 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 48,715,528 shares (equal to 1.48% of the share capital) for a total consideration of 695,086,752.13 euro. Considering the treasury shares already he