Eni S.p.A. Treasury Share Purchase Report
Business Context and Reporting Period
This Form 6-K filing reports on the purchase of treasury shares by Eni S.p.A. on the Euronext Milan exchange. The reporting period covers the week from February 3, 2025, to February 7, 2025. These transactions are part of the second tranche of a treasury share program approved by the Shareholders' Meeting on May 15, 2024, intended to provide additional remuneration to shareholders.
Key Financial Metrics
| Metric | Value |
|---|---|
| Shares Purchased (Feb 3-7) | 3,646,027 |
| Percentage of Share Capital | 0.11% |
| Weighted Average Price | €13.7135 |
| Total Consideration | €49,999,849.55 |
| Cumulative Shares (Since June 13, 2024) | 131,263,347 (4% of capital) |
| Cumulative Consideration (Since June 13, 2024) | €1,817,565,066.55 |
| Total Treasury Shares Held | 222,873,674 (6.79% of capital) |
Material Changes and Daily Activity
The company executed purchases daily throughout the reporting week. The weighted average price per share fluctuated between approximately €13.54 and €13.85 during this period. The total volume for the week was consistent with the program's execution strategy, with daily transaction amounts hovering near €10 million.
- Feb 3: 735,746 shares @ €13.5915
- Feb 4: 738,241 shares @ €13.5457
- Feb 5: 726,572 shares @ €13.7632
- Feb 6: 722,027 shares @ €13.8499
- Feb 7: 723,441 shares @ €13.8228
Management Commentary and Program Status
Eni continues to execute its buyback program to enhance shareholder value. The total treasury share holding now stands at 6.79% of the share capital. This total includes shares acquired under the current program, shares held from previous programs, and shares granted to directors and employees under the "Long-Term Incentive Plan 2020-2022" and the "Employee Stock Ownership Plan."
Investor Verification Checklist
- Verify the total number of treasury shares held (222,873,674) against the company's latest capital structure.
- Confirm the remaining authorization limit for the second tranche of the buyback program approved in May 2024.
- Monitor the weighted average purchase price relative to the current market price of Eni shares.
- Review the impact of the 6.79% treasury holding on earnings per share (EPS) calculations.