Eni S.p.A. Buys Back Treasury Shares
Ticker: EIPAF · Form: 6-K · Filed: Nov 6, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Nov 6, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, share-repurchase, foreign-issuer
Related Tickers: E
TL;DR
Eni bought back its own stock Oct 28 - Nov 1. Standard 6-K filing.
AI Summary
Eni S.p.A. reported the purchase of treasury shares for the period of October 28 to November 1, 2024. The filing, submitted on November 6, 2024, is a Form 6-K, indicating it's a report from a foreign issuer.
Why It Matters
This filing provides transparency on Eni's share repurchase activities, which can signal management's confidence in the company's valuation and potentially impact share price.
Risk Assessment
Risk Level: low — This is a routine disclosure of treasury share purchases and does not contain significant new financial or strategic information.
Key Players & Entities
- Eni S.p.A. (company) — Filer of the report
- October 28 to November 1, 2024 (date) — Period of treasury share purchases
- November 6, 2024 (date) — Filing date
FAQ
What type of filing is this and what is its purpose?
This is a Form 6-K, a report of a foreign issuer, used to provide information that Eni S.p.A. is required to disclose to its shareholders or the public under Italian law.
What specific activity does this report cover?
The report covers Eni's purchase of treasury shares during the period from October 28 to November 1, 2024.
When was this report filed with the SEC?
This report was filed with the SEC on November 6, 2024.
Does Eni file annual reports under Form 20-F or 40-F?
Yes, Eni indicates it files annual reports under cover of Form 20-F.
Is Eni furnishing information under Rule 12g3-2(b)?
No, Eni indicates it is not furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Filing Stats: 3,533 words · 14 min read · ~12 pages · Grade level 1.6 · Accepted 2024-11-06 11:38:11
Filing Documents
- form6k-33111_eni.htm (6-K) — 7266KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 61KB
- 0001174947-24-001223.txt ( ) — 7374KB
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: November 6, 2024 Eni: report on the purchase of treasury shares during the period from 28 October to 1 November 2024 San Donato Milanese (Milan), 6 November 2024 – During the period from 28 October to 1 November 2024, Eni acquired on the Euronext Milan no. 4,437,300 shares (equal to 0.14% of the share capital), at a weighted average price per share equal to 14.0844 euro, for a total consideration of 62,496,922.86 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) 28/10/2024 886,000 € 14.1046 € 12,496,650.79 29/10/2024 881,800 € 14.1752 € 12,499,681.66 30/10/2024 889,200 € 14.0578 € 12,500,167.31 31/10/2024 894,900 € 13.9680 € 12,499,982.89 01/11/2024 885,400 € 14.1184 € 12,500,440.21 Total 4,437,300 € 14.0844 € 62,496,922.86 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 64,742,419 shares (equal to 1.97% of the share capital) for a total consideration of 922,582,631.63 euro. Considering the treasury shares alre