Eni S.p.A. Buys Back Treasury Shares
Ticker: EIPAF · Form: 6-K · Filed: Dec 18, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Dec 18, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, share-repurchase, disclosure
Related Tickers: E
TL;DR
Eni bought back its own shares last week, signaling confidence.
AI Summary
Eni S.p.A. reported on its purchase of treasury shares between December 9 and December 13, 2024. The filing, submitted on December 18, 2024, details these transactions as part of its ongoing share repurchase 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 — 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 9 to December 13, 2024 (date) — Period of treasury share purchases
- December 18, 2024 (date) — Filing date
- Rome, Italy (location) — Company headquarters
FAQ
What specific number of treasury shares did Eni purchase between December 9 and December 13, 2024?
The filing states that Eni reported on the purchase of treasury shares during the period from 9 to 13 December 2024, but the exact number of shares or the total value of the purchases is not detailed in this summary section of the 6-K.
What is the purpose of Eni filing this Form 6-K?
Eni is filing this Form 6-K as a Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934, to report on the purchase of treasury shares.
When was this Form 6-K filed with the SEC?
This Form 6-K was filed with the SEC on December 18, 2024.
Does Eni file annual reports under Form 20-F or Form 40-F?
Eni indicates with an 'X' that 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: 3,494 words · 14 min read · ~12 pages · Grade level 1.6 · Accepted 2024-12-18 13:33:32
Filing Documents
- form6k-33294_eni.htm (6-K) — 12392KB
- image_001.jpg (GRAPHIC) — 9KB
- image_002.jpg (GRAPHIC) — 4KB
- 0001174947-24-001356.txt ( ) — 12410KB
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 18, 2024 Eni: report on the purchase of treasury shares during the period from 9 to 13 December 2024 San Donato Milanese (Milan), 18 December 2024 – During the period from 9 to 13 December 2024, Eni acquired on the Euronext Milan no. 9,315,600 shares (equal to 0.28% of the share capital), at a weighted average price per share equal to 13.4160 euro, for a total consideration of 124,978,006.18 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) 09/12/2024 1,845,985 € 13.5429 € 24,999,988.41 10/12/2024 1,864,515 € 13.4083 € 24,999,995.12 11/12/2024 1,868,500 € 13.3797 € 25,000,031.11 12/12/2024 1,863,000 € 13.4187 € 24,999,002.70 13/12/2024 1,873,600 € 13.3321 € 24,978,988.84 Total 9,315,600 € 13.4160 € 124,978,006.18 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 95,991,285 shares (equal to 2.92% of the share capital) for a total consideration of 1,347,564,693.19 euro. Considering the treasury shares alrea