Eni S.p.A. Reports Treasury Share Purchases
Ticker: EIPAF · Form: 6-K · Filed: Oct 30, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Oct 30, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, share-repurchase, disclosure
TL;DR
Eni bought back its own shares Oct 21-25. Shareholder returns in action.
AI Summary
Eni S.p.A. reported on its purchase of treasury shares between October 21 and October 25, 2024. The filing, submitted on October 30, 2024, details these transactions as part of its ongoing share buyback program. Eni is an Italian energy company based in Rome.
Why It Matters
This filing provides transparency on Eni's capital allocation strategy, specifically its commitment to returning value to shareholders through share repurchases.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of treasury share purchases and does not indicate any new or significant risks.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- October 21 to October 25, 2024 (date) — Period of treasury share purchases
- October 30, 2024 (date) — Filing date
- Rome, Italy (location) — Company headquarters
FAQ
What is the primary purpose of this Form 6-K filing?
The primary purpose is to report on Eni S.p.A.'s purchase of treasury shares during the period from October 21 to October 25, 2024.
When was this report filed with the SEC?
This report was filed with the SEC on October 30, 2024.
What is the principal executive office of Eni S.p.A.?
The principal executive office of Eni S.p.A. 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 its annual reports under cover of Form 20-F.
What specific period does the report cover regarding treasury share purchases?
The report covers the period from October 21 to October 25, 2024, for treasury share purchases.
Filing Stats: 3,516 words · 14 min read · ~12 pages · Grade level 1.4 · Accepted 2024-10-30 13:13:08
Filing Documents
- form6k-33080_eni.htm (6-K) — 5899KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 61KB
- 0001174947-24-001186.txt ( ) — 6007KB
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 30, 2024 Eni: report on the purchase of treasury shares during the period from 21 to 25 October 2024 San Donato Milanese (Milan), 30 October 2024 – During the period from 21 to 25 October 2024, Eni acquired on the Euronext Milan no. 3,847,841 shares (equal to 0.12% of the share capital), at a weighted average price per share equal to 14.2939 euro, for a total consideration of 55,000,782.28 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) 21/10/2024 770,500.00 € 14.2768 € 11,000,262.84 22/10/2024 772,191.00 € 14.2452 € 10,999,999.02 23/10/2024 772,750.00 € 14.2349 € 11,000,015.88 24/10/2024 768,400.00 € 14.3154 € 10,999,980.25 25/10/2024 764,000.00 € 14.3986 € 11,000,524.29 Total 3,847,841 € 14.2939 € 55,000,782.28 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 60,305,119 shares (equal to 1.84% of the share capital) for a total consideration of 860,085,708.77 euro. Considering the treasury shares alrea