Eni S.p.A. Buys Treasury Shares
Ticker: EIPAF · Form: 6-K · Filed: Nov 20, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Nov 20, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, share-buyback, foreign-issuer
TL;DR
ENI bought back its own stock on Nov 11, 2024.
AI Summary
Eni S.p.A. reported the purchase of treasury shares on November 11, 2024. This action is part of the company's ongoing share buyback program. The filing is a Form 6-K, indicating it's a report from a foreign issuer.
Why It Matters
The purchase of treasury shares can signal management's confidence in the company's valuation and potentially support the stock price.
Risk Assessment
Risk Level: low — This filing is a routine report of treasury share purchases and does not contain significant new financial or operational information.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- November 11, 2024 (date) — Date of treasury share purchase
FAQ
What type of filing is this?
This is a Form 6-K, a report of a foreign issuer.
What is the primary subject of this report?
The report details Eni S.p.A.'s purchase of treasury shares on November 11, 2024.
Where is Eni S.p.A. headquartered?
Eni S.p.A. is headquartered in Rome, Italy.
Is Eni S.p.A. required to file Form 20-F annually?
Yes, the filing indicates that Eni S.p.A. files annual reports under cover of Form 20-F.
What is the SIC code for Eni S.p.A.?
The Standard Industrial Classification code for Eni S.p.A. is 1311, which corresponds to Crude Petroleum & Natural Gas.
Filing Stats: 3,498 words · 14 min read · ~12 pages · Grade level 1.4 · Accepted 2024-11-20 11:07:21
Filing Documents
- tm2429013d1_6k.htm (6-K) — 1357KB
- image_001.jpg (GRAPHIC) — 9KB
- image_002.jpg (GRAPHIC) — 4KB
- 0001104659-24-120917.txt ( ) — 1376KB
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 20, 2024 Eni: report on the purchase of treasury shares on 11 November 2024 San Donato Milanese (Milan), 20 November 2024 – On 11 November 2024, Eni acquired on the Euronext Milan no. 889,000 shares (equal to 0.03% of the share capital), at a weighted average price per share equal to 14.0599 euro, for a total consideration of 12,499,256.43 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. From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 70,074,484 shares (equal to 2.13% of the share capital) for a total consideration of 997,585,022.57 euro. Considering the treasury shares already held and the purchases made from the beginning of the treasury shares buyback program on 27 May 2024 and the free of charge shares granted to Eni’s directors, following the conclusion of the Vesting Period as provided by the “Long-Term Incentive Plan 2020-2022” approved by Eni’s Shareholders’ Meeting of 13 May 2020, Eni holds n. 164,787,511 shares equal to 5.02% of the share capital. Details of the daily transactions made on 11 November 2024 are reported below. Transaction details Trade date (dd/mm/yy) Execution time (UK time) Transaction quantity Transaction price (euro) 11/11/2024 08:00:17 1,020 14.0160 € 11/11/2024 08:00:19 9 14.0140 € 11/11/2024 08:00:19 141 14.0140 €