Eni S.p.A. Buys Back Treasury Shares
Ticker: EIPAF · Form: 6-K · Filed: Jan 8, 2025 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Jan 8, 2025 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 14 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: treasury-shares, share-buyback, sec-filing
TL;DR
Eni bought back its own stock Jan 3-8, 2025. Shareholder returns continue.
AI Summary
Eni S.p.A. reported the purchase of treasury shares during the period from December 30, 2024, to January 3, 2025. The filing, submitted on January 8, 2025, details these transactions as part of its ongoing share buyback program.
Why It Matters
This filing indicates Eni's continued commitment to returning capital to shareholders through share repurchases, which can impact the stock's valuation and earnings per share.
Risk Assessment
Risk Level: low — This is a routine disclosure of treasury share purchases, not indicating new significant risks.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- December 30, 2024 (date) — Start of treasury share purchase period
- January 3, 2025 (date) — End of treasury share purchase period
- January 8, 2025 (date) — Filing date
FAQ
What is the total number of treasury shares purchased by Eni S.p.A. during the specified period?
The filing states that Eni S.p.A. purchased treasury shares during the period from December 30, 2024, to January 3, 2025, but the exact number of shares or the total cost is not detailed in this summary section of the 6-K.
What is the purpose of Eni S.p.A. purchasing treasury shares?
The filing indicates these are purchases of treasury shares, which is typically done to return capital to shareholders or for other corporate purposes, as part of Eni's share buyback program.
When was this Form 6-K filed with the SEC?
This Form 6-K was filed with the SEC on January 8, 2025.
Does Eni S.p.A. file annual reports under Form 20-F or Form 40-F?
Eni S.p.A. indicates it files annual reports under cover of Form 20-F.
What is the principal executive office address of Eni S.p.A.?
The principal executive offices of Eni S.p.A. are located at Piazzale Enrico Mattei 1, 00144 Rome, Italy.
Filing Stats: 3,613 words · 14 min read · ~12 pages · Grade level 1.6 · Accepted 2025-01-08 11:07:13
Filing Documents
- form6k-33364_eni.htm (6-K) — 4435KB
- image_001.jpg (GRAPHIC) — 9KB
- image_002.jpg (GRAPHIC) — 4KB
- 0001174947-25-000019.txt ( ) — 4453KB
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: January 8, 2025 Eni: report on the purchase of treasury shares during the period from 30 December 2024 to 3 January 2025 San Donato Milanese (Milan), 8 January 2025 – During the period from 30 December 2024 to 3 January 2025, Eni acquired on the Euronext Milan no. 3,410,661 shares (equal to 0.10% of the share capital), at a weighted average price per share equal to 13.1939 euro, for a total consideration of 44,999,986.34 euro within the second tranche of the treasury shares program approved by the Shareholders' Meeting on 15 May 2024, previously 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) 30/12/2024 1,917,844 € 13.0355 € 24,999,988.34 02/01/2025 749,892 € 13.3352 € 9,999,986.79 03/01/2025 742,925 € 13.4603 € 10,000,011.21 Total 3,410,661 € 13.1939 € 44,999,986.34 From the start, on 13 June 2024, of the second tranche of the buyback program, Eni acquired no. 113,020,457 shares (equal to 3.44% of the share capital) for a total consideration of 1,567,563,605.25 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 th