Business Context and Reporting Period
This Form 6-K filing by Eni S.p.A. reports on the purchase of treasury shares conducted on the Euronext Milan exchange. The reporting period covers the week from December 4, 2023, to December 8, 2023. These transactions were executed under the second tranche of the treasury share program approved by the Shareholders' Meeting on May 10, 2023, aimed at providing additional remuneration to shareholders alongside dividend distributions.
Key Financial Metrics
- Shares Acquired (Period): 5,595,589 shares (0.17% of share capital).
- Total Consideration (Period): €83,726,564.84.
- Weighted Average Price (Period): €14.9630 per share.
- Cumulative Shares Acquired (Since Sept 4, 2023): 57,027,214 shares (1.69% of share capital).
- Cumulative Consideration (Since Sept 4, 2023): €863,562,659.25.
- Total Treasury Shares Held: 147,248,286 shares (4.36% of share capital), including shares held prior to the current program and those granted to directors under the Long-Term Incentive Plan 2020-2022.
Material Changes and Daily Activity
The filing details daily transaction volumes and weighted average prices for the five-day period:
| Date | Quantity | Weighted Avg Price (€) | Total Amount (€) |
|---|---|---|---|
| 04/12/2023 | 1,050,583 | 14.9816 | 15,739,414.27 |
| 05/12/2023 | 1,068,274 | 15.0380 | 16,064,704.41 |
| 06/12/2023 | 1,062,854 | 15.0176 | 15,961,516.23 |
| 07/12/2023 | 1,200,779 | 14.8630 | 17,847,178.28 |
| 08/12/2023 | 1,213,099 | 14.9318 | 18,113,751.65 |
The filing does not provide comparative financial data (revenue, profit, cash flow) for the period, as it is a specific disclosure regarding share repurchases rather than a financial results report.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operational outlook, or specific risk factors beyond the standard disclosure requirements for the treasury share program. The primary purpose is regulatory compliance regarding the execution of the buyback program approved in May 2023.
Key Facts for Investor Verification
- Verify the total number of treasury shares held (147,248,286) against the company's latest capital structure to confirm the 4.36% ownership stake.
- Confirm the remaining authorization limit for the second tranche of the buyback program to assess future repurchase capacity.
- Review the impact of the 195,550,084 treasury shares cancelled by the Shareholders' Meeting on May 10, 2023, on the total share capital count.
- Monitor the weighted average purchase price (€14.9630) relative to the prevailing market price to evaluate the efficiency of the buyback execution.