Eni S.p.A. Buys Back Shares Dec 2-6
Ticker: EIPAF · Form: 6-K · Filed: Dec 11, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Dec 11, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, share-repurchase, disclosure
TL;DR
Eni bought back its own stock last week, signaling confidence.
AI Summary
Eni S.p.A. reported on its purchase of treasury shares for the period of December 2nd to December 6th, 2024. The filing, submitted on December 11th, 2024, details these transactions as part of its ongoing share repurchase program.
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 — The filing is a routine disclosure of treasury share purchases and does not indicate any new or significant risks.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- December 2 to December 6, 2024 (date) — Period of treasury share purchases
- December 11, 2024 (date) — Filing date
FAQ
What is the primary purpose of this Form 6-K filing?
The primary purpose of this Form 6-K filing is to report on Eni S.p.A.'s purchase of treasury shares during the period from December 2nd to December 6th, 2024.
When was this report filed with the SEC?
This report was filed with the SEC on December 11, 2024.
What period does the treasury share purchase report cover?
The report covers the period from December 2, 2024, to December 6, 2024.
Is Eni S.p.A. required to file annual reports under Form 20-F or 40-F?
Yes, Eni S.p.A. indicates it files annual reports under cover of Form 20-F.
Where is Eni S.p.A. headquartered?
Eni S.p.A. is headquartered at Piazzale Enrico Mattei 1, 00144 Rome, Italy.
Filing Stats: 3,514 words · 14 min read · ~12 pages · Grade level 1.6 · Accepted 2024-12-11 12:23:39
Filing Documents
- form6k-33264_eni.htm (6-K) — 12079KB
- image_001.jpg (GRAPHIC) — 9KB
- image_002.jpg (GRAPHIC) — 4KB
- 0001174947-24-001333.txt ( ) — 12097KB
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 11, 2024 Eni: report on the purchase of treasury shares during the period from 2 to 6 December 2024 San Donato Milanese (Milan), 11 December 2024 – During the period from 2 to 6 December 2024, Eni acquired on the Euronext Milan no. 8,354,901 shares (equal to 0.25% of the share capital), at a weighted average price per share equal to 13.4652 euro, for a total consideration of 112,500,015.83 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) 02/12/2024 937,160 € 13.3382 € 12,500,038.76 03/12/2024 1,858,014 € 13.4552 € 24,999,998.28 04/12/2024 1,844,623 € 13.5529 € 24,999,987.37 05/12/2024 1,859,781 € 13.4424 € 24,999,998.23 06/12/2024 1,855,323 € 13.4747 € 24,999,993.19 Total 8,354,901 € 13.4652 € 112,500,015.83 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 86,675,685 shares (equal to 2.64% of the share capital) for a total consideration of 1,222,586,687.01 euro. Considering the treasury shares already