Eni Buys Back Treasury Shares Nov 19-22
Ticker: EIPAF · Form: 6-K · Filed: Nov 27, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Nov 27, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, share-buyback, capital-allocation
TL;DR
Eni bought back its own shares Nov 19-22, part of its capital return plan.
AI Summary
Eni S.p.A. reported on its purchase of treasury shares between November 19 and November 22, 2024. The filing, submitted on November 27, 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 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, not indicating new or significant risks.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- November 19 to November 22, 2024 (date) — Period of treasury share purchases
- November 27, 2024 (date) — Filing date
- Rome, Italy (location) — Company headquarters
FAQ
What specific number of treasury shares did Eni purchase between November 19 and November 22, 2024?
The filing states that Eni purchased treasury shares during this period but does not specify the exact number of shares or the total cost in this summary section.
What is the purpose of Eni's treasury share purchases?
The filing indicates these purchases are part of Eni's report on the purchase of treasury shares, implying a capital allocation or shareholder return strategy.
Is this filing related to Eni's annual report?
No, this is a Form 6-K, which is a Report of Foreign Issuer, and Eni indicates it files annual reports under Form 20-F.
Where is Eni S.p.A. headquartered?
Eni S.p.A. is headquartered at Piazzale Enrico Mattei 1, 00144 Rome, Italy.
What is the SIC code for Eni S.p.A.?
The Standard Industrial Classification (SIC) code for Eni S.p.A. is 1311, which corresponds to Crude Petroleum & Natural Gas.
Filing Stats: 3,529 words · 14 min read · ~12 pages · Grade level 1.5 · Accepted 2024-11-27 14:23:17
Filing Documents
- tm2429713d1_6k.htm (6-K) — 6629KB
- image_001.jpg (GRAPHIC) — 9KB
- image_002.jpg (GRAPHIC) — 4KB
- 0001104659-24-123613.txt ( ) — 6647KB
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 27, 2024 Eni: report on the purchase of treasury shares during the period from 19 to 22 November 2024 San Donato Milanese (Milan), 27 November 2024 – During the period from 19 to 22 November 2024, Eni acquired on the Euronext Milan no. 3,625,800 shares (equal to 0.11% of the share capital), at a weighted average price per share equal to 13.7897 euro, for a total consideration of 49,998,627.25 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) 19/11/2024 909,000 € 13.7495 € 12,498,280.05 20/11/2024 908,600 € 13.7573 € 12,499,847.34 21/11/2024 907,000 € 13.7816 € 12,499,942.04 22/11/2024 901,200 € 13.8710 € 12,500,557.82 Total 3,625,800 € 13.7897 € 49,998,627.25 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 73,700,284 shares (equal to 2.24% of the share capital) for a total consideration of 1,047,583,649.82 euro. Considering the treasury shares already held and the purchases made from the beginning of the treasury shares