Eni Terminates Treasury Share Program, Buys Back €15.9M
Ticker: EIPAF · Form: 6-K · Filed: Mar 4, 2025 · CIK: 1002242
Sentiment: neutral
Topics: treasury-shares, share-buyback, capital-allocation
TL;DR
Eni stopped buying back its own stock on Feb 20, 2025, after spending €15.9M.
AI Summary
Eni S.p.A. announced the termination of its treasury shares purchase program on February 20, 2025. The company reported purchasing 1,100,000 treasury shares between February 17 and February 20, 2025, at an average price of €14.44 per share, for a total consideration of €15,884,000.
Why It Matters
The termination of a treasury share program can signal a shift in capital allocation strategy, potentially impacting future share buybacks and dividend policies.
Risk Assessment
Risk Level: low — This filing is a routine update on treasury share activity and does not indicate any significant new risks for the company.
Key Numbers
- 1,100,000 — Treasury Shares Purchased (Between Feb 17-20, 2025)
- €15.9M — Total Consideration (For treasury shares purchased)
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- February 20, 2025 (date) — Termination date of treasury share program
- 1,100,000 (share_count) — Number of treasury shares purchased
- €14.44 (dollar_amount) — Average price per share
- €15,884,000 (dollar_amount) — Total consideration for treasury shares
FAQ
What was the total number of treasury shares purchased by Eni S.p.A. during the period from February 17 to February 20, 2025?
Eni S.p.A. purchased 1,100,000 treasury shares during this period.
What was the average price per share for the treasury shares purchased?
The average price per share was €14.44.
What was the total amount spent on the treasury share purchases?
The total consideration for the treasury shares was €15,884,000.
When was the treasury shares purchase program terminated?
The treasury shares purchase program was terminated on February 20, 2025.
Is Eni S.p.A. filing an annual report under Form 20-F or 40-F?
Eni S.p.A. indicated it files annual reports under cover of Form 20-F.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on March 4, 2025 regarding ENI SPA (EIPAF).