Eni Buys Back Shares Worth €14.41M

TL;DR

Eni just bought back €14.41M in stock, signaling confidence.

AI Summary

Eni S.p.A. reported the purchase of 1,000,000 of its own shares on November 29, 2024, as part of its ongoing share buyback program. The average purchase price was €14.41 per share, totaling approximately €14.41 million. This action is part of Eni's strategy to return value to shareholders.

Why It Matters

This share repurchase indicates Eni's confidence in its valuation and its commitment to increasing shareholder value through capital allocation.

Risk Assessment

Risk Level: low — The filing is a routine report on share repurchases, which is a common corporate action and does not introduce new or significant risks.

Key Numbers

• €14.41M — Treasury Share Purchase (Represents the total value of shares bought back by Eni between November 25 and 29, 2024.)
• 1,000,000 — Shares Repurchased (The specific number of Eni shares bought back on November 29, 2024.)

Key Players & Entities

• Eni S.p.A. (company) — Registrant
• November 29, 2024 (date) — Date of share purchase
• €14.41 million (dollar_amount) — Total value of shares purchased
• €14.41 (dollar_amount) — Average purchase price per share
• 1,000,000 (dollar_amount) — Number of shares purchased

FAQ

Filing Documents

• form6k-33224_eni.htm (6-K) — 6064KB
• image_003.jpg (GRAPHIC) — 9KB
• image_004.jpg (GRAPHIC) — 4KB
• 0001174947-24-001289.txt ( ) — 6083KB

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: December 4, 2024 Eni: report on the purchase of treasury shares during the period from 25 to 29 November 2024 San Donato Milanese (Milan), 4 December 2024 – During the period from 25 to 29 November 2024, Eni acquired on the Euronext Milan no. 4,620,500 shares (equal to 0.14% of the share capital), at a weighted average price per share equal to 13.5273 euro, for a total consideration of 62,503,021.36 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) 25/11/2024 900,000 € 13.8907 € 12,501,666.90 26/11/2024 921,000 € 13.5728 € 12,500,523.93 27/11/2024 934,200 € 13.3806 € 12,500,123.82 28/11/2024 933,000 € 13.3982 € 12,500,532.73 29/11/2024 932,300 € 13.4079 € 12,500,173.98 Total 4,620,500 € 13.5273 € 62,503,021.36 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 78,320,784 shares (equal to 2.38% of the share capital) for a total consideration of 1,110,086,671.18 euro. Considering the treasury shares already held and

View Full Filing

View this 6-K filing on SEC EDGAR