ENI S.p.A. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing by ENI S.p.A. reports on the execution of its authorized treasury share purchase program. The reporting period covers transactions executed between September 27, 2021, and October 1, 2021. The purchases were conducted on the Electronic Stock Market pursuant to the authorization granted at the Ordinary General Meeting of shareholders on May 12, 2021.
Key Financial Metrics
The filing details specific capital allocation activities regarding share repurchases. No revenue, profit, or debt metrics are disclosed in this specific report.
| Metric | Value |
|---|---|
| Shares Purchased (Period) | 2,335,000 |
| Weighted Average Price | €11.346644 |
| Total Consideration (Period) | €26,494,413.90 |
| Cumulative Shares Purchased (Program Start) | 10,951,318 (0.30% of share capital) |
| Cumulative Amount (Program Start) | €117,492,411.22 |
| Total Treasury Shares Held | 43,996,515 (1.22% of share capital) |
Material Changes
The filing reports a material increase in the company's treasury share holdings. During the five-day reporting window, ENI acquired approximately 2.34 million shares. This activity increased the total treasury holding to 1.22% of the company's share capital. The weighted average purchase price for the period was approximately €11.35, with daily transaction prices ranging from approximately €11.00 to €11.57.
Guidance, Outlook, and Risks
This filing is a regulatory disclosure of executed transactions and does not contain forward-looking guidance, management commentary on operational outlook, or new risk factors. The transactions were executed in compliance with Consob Regulation 11971/1999, Article 144-bis.
Investor Verification Checklist
- Verify the total remaining authorization limit for the treasury share program approved on May 12, 2021.
- Confirm the current total number of outstanding shares to validate the 1.22% treasury holding calculation.
- Review the company's broader capital allocation strategy to understand the context of these repurchases relative to dividends and CAPEX.
- Check subsequent filings for any updates to the treasury share program status or termination.