Eni S.p.A. Buys Back Treasury Shares
Ticker: EIPAF · Form: 6-K · Filed: Nov 13, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Nov 13, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, share-repurchase, foreign-issuer
TL;DR
Eni bought back its own stock Nov 4-8. Standard treasury share activity.
AI Summary
Eni S.p.A. reported on its purchase of treasury shares between November 4 and November 8, 2024. The filing, submitted on November 13, 2024, details these transactions as part of its ongoing treasury share program. Eni is a foreign issuer based in Rome, Italy, and files reports under the 1934 Act.
Why It Matters
This filing provides transparency on Eni's capital allocation strategy and its commitment to returning value to shareholders through share repurchases.
Risk Assessment
Risk Level: low — This is a routine disclosure of treasury share purchases, which is standard corporate financial activity.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- November 4 to November 8, 2024 (date) — Period of treasury share purchases
- November 13, 2024 (date) — Filing date
- Rome, Italy (location) — Company headquarters
FAQ
What specific number of treasury shares did Eni purchase between November 4 and November 8, 2024?
The filing states that Eni reported on the purchase of treasury shares during the period from 4 to 8 November 2024, but does not specify the exact number of shares purchased in this summary.
What is the purpose of Eni filing this Form 6-K?
Eni is filing this Form 6-K to report on its purchase of treasury shares during the specified period, as required for foreign issuers.
When was this Form 6-K filed with the SEC?
This Form 6-K was filed on November 13, 2024.
Where is Eni S.p.A. headquartered?
Eni S.p.A. is headquartered at Piazzale Enrico Mattei 1, 00144 Rome, Italy.
Does Eni file annual reports under Form 20-F or Form 40-F?
Eni indicates that it files annual reports under cover of Form 20-F.
Filing Stats: 3,510 words · 14 min read · ~12 pages · Grade level 1.5 · Accepted 2024-11-13 11:02:27
Filing Documents
- form6k-33149_eni.htm (6-K) — 6908KB
- image_001.jpg (GRAPHIC) — 9KB
- image_002.jpg (GRAPHIC) — 4KB
- 0001174947-24-001256.txt ( ) — 6927KB
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 13, 2024 Eni: report on the purchase of treasury shares during the period from 4 to 8 November 2024 San Donato Milanese (Milan), 13 November 2024 – During the period from 4 to 8 November 2024, Eni acquired on the Euronext Milan no. 4,443,065 shares (equal to 0.14% of the share capital), at a weighted average price per share equal to 14.0676 euro, for a total consideration of 62,503,134.51 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) 04/11/2024 886,765 € 14.0962 € 12,500,007.04 05/11/2024 888,100 € 14.0753 € 12,500,270.38 06/11/2024 890,800 € 14.0329 € 12,500,550.08 07/11/2024 884,900 € 14.1267 € 12,500,721.25 08/11/2024 892,500 € 14.0074 € 12,501,585.76 Total 4,443,065 € 14.0676 € 62,503,134.51 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 69,185,484 shares (equal to 2.11% of the share capital) for a total consideration of 985,085,766.14 euro. Considering the treasury shares already held and the pu