Business Context and Reporting Period
This Form 6-K filing by Eni S.p.A. reports on the execution of its treasury share buyback program. The reporting period covers the week from June 16 to June 20, 2025. The transactions were executed on the Euronext Milan exchange under a program approved by the Shareholders' Meeting on May 14, 2025.
Key Financial Metrics
- Shares Acquired (Period): 2,899,366 shares (0.09% of share capital).
- Total Consideration (Period): €41,161,173.19.
- Weighted Average Price (Period): €14.1966 per share.
- Cumulative Shares Acquired (Since May 20, 2025): 17,271,536 shares (0.55% of share capital).
- Cumulative Consideration (Since May 20, 2025): €231,164,138.27.
- Total Treasury Shares Held: 108,881,863 shares (3.46% of share capital).
Daily Transaction Summary (June 16-20, 2025)
| Date | Quantity | Weighted Avg Price (€) | Amount (€) |
|---|---|---|---|
| 16/06/2025 | 709,560 | 14.0932 | 9,999,987.31 |
| 17/06/2025 | 307,000 | 14.1064 | 4,330,658.05 |
| 18/06/2025 | 306,260 | 14.1407 | 4,330,728.64 |
| 19/06/2025 | 700,196 | 14.2817 | 9,999,997.62 |
| 20/06/2025 | 876,350 | 14.2635 | 12,499,801.57 |
| Total | 2,899,366 | 14.1966 | 41,161,173.19 |
Material Changes and Observations
The filing indicates a consistent execution of the buyback program with daily volumes fluctuating between approximately 300,000 and 876,000 shares. The weighted average purchase price showed an upward trend during the week, starting at €14.09 on June 16 and reaching €14.28 on June 19, before settling at €14.26 on June 20. The total treasury holding has increased to 3.46% of the company's share capital.
Guidance, Outlook, and Risks
This filing is a regulatory disclosure of completed transactions and does not contain forward-looking guidance, management commentary on future strategy, or specific risk factors beyond the standard execution of the approved buyback program. The filing confirms compliance with applicable legislation regarding the disclosure of treasury share purchases.
Key Facts for Investor Verification
- Verify the total authorized amount for the treasury share program approved on May 14, 2025, to assess remaining capacity.
- Confirm the current market price of Eni shares relative to the weighted average buyback price of €14.1966.
- Monitor the total percentage of treasury shares held (currently 3.46%) against regulatory limits for Italian listed companies.
- Review the cumulative spend of €231.16 million since the program's inception on May 20, 2025.