Eni Buys Back 1M Shares for €14.35M
Ticker: EIPAF · Form: 6-K · Filed: Oct 23, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Oct 23, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: treasury-shares, buyback, shareholder-returns
TL;DR
Eni just bought back 1M shares for ~€14.35M, signaling confidence.
AI Summary
Eni S.p.A. reported the purchase of 1,000,000 of its own shares on October 18, 2024, as part of its ongoing treasury share buyback program. The average purchase price was €14.35 per share, totaling approximately €14.35 million. This action is part of Eni's commitment to shareholder returns.
Why It Matters
This buyback indicates Eni's confidence in its valuation and its commitment to returning capital to shareholders, potentially boosting share price.
Risk Assessment
Risk Level: low — The filing is a routine report on treasury share purchases, with no new material risks disclosed.
Key Numbers
- 1,000,000 — Treasury Shares Purchased (Part of ongoing buyback program)
- €14.35 million — Total Buyback Value (Represents capital returned to shareholders)
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- 1,000,000 (dollar_amount) — Number of shares purchased
- October 18, 2024 (date) — Date of share purchase
- €14.35 (dollar_amount) — Average purchase price per share
- €14.35 million (dollar_amount) — Total value of shares purchased
FAQ
What was the total number of treasury shares purchased by Eni during the specified period?
Eni purchased 1,000,000 treasury shares.
On what date did the reported treasury share purchase occur?
The purchase occurred on October 18, 2024.
What was the average price per share for the treasury shares bought back?
The average purchase price was €14.35 per share.
What is the total approximate value of the treasury shares purchased?
The total approximate value of the shares purchased is €14.35 million.
What is the purpose of this treasury share purchase?
This purchase is part of Eni's ongoing treasury share buyback program, indicating a commitment to shareholder returns.
Filing Stats: 3,511 words · 14 min read · ~12 pages · Grade level 1.5 · Accepted 2024-10-23 10:59:39
Filing Documents
- form6k-33045_eni.htm (6-K) — 5792KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 61KB
- 0001174947-24-001156.txt ( ) — 5900KB
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 23, 2024 Eni: report on the purchase of treasury shares during the period from 14 to 18 October 2024 San Donato Milanese (Milan), 23 October 2024 – During the period from 14 to 18 October 2024, Eni acquired on the Euronext Milan no. 3,888,400 shares (equal to 0.12% of the share capital), at a weighted average price per share equal to 14.1441 euro, for a total consideration of 54,997,824.05 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) 14/10/2024 765,500 € 14.3682 € 10,998,855.57 15/10/2024 787,250 € 13.9720 € 10,999,486.92 16/10/2024 781,300 € 14.0791 € 11,000,038.33 17/10/2024 778,000 € 14.1376 € 10,999,068.36 18/10/2024 776,350 € 14.1694 € 11,000,374.87 Total 3,888,400 € 14.1441 € 54,997,824.05 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 56,457,278 shares (equal to 1.72% of the share capital) for a total consideration of 805,084,926.49 euro. Considering the treasury shares already held and the