Business Context and Reporting Period
This Form 6-K filing by Eni S.p.A. reports on the execution of a treasury share buyback program. The reporting period covers transactions executed on May 28 and May 29, 2026, on the Euronext Milan exchange. The filing was signed on June 3, 2026.
Key Financial Metrics
- Shares Acquired (Period): 1,771,356 shares (0.06% of share capital).
- Total Consideration (Period): €39,999,972.68.
- Weighted Average Price (Period): €22.5816 per share.
- Cumulative Program Status (Since May 8, 2026): 6,871,356 shares acquired for €159,916,582.07 (0.23% of share capital).
- Total Treasury Holdings: 93,699,463 shares (3.09% of share capital), including previously held shares.
Material Changes and Transaction Details
The company executed two distinct daily transactions within the second tranche of the buyback program approved by the Shareholders' Meeting on May 6, 2026:
- May 28, 2026: 880,944 shares purchased at a weighted average price of €22.7029 for €19,999,983.54.
- May 29, 2026: 890,412 shares purchased at a weighted average price of €22.4615 for €19,999,989.14.
The filing includes a granular log of individual trades executed throughout the trading day on both dates, showing prices ranging from approximately €22.30 to €22.80.
Management Commentary and Purpose
The buyback is being conducted to provide shareholders with an additional remuneration compared to the distribution of dividends, as resolved by the Shareholders' Meeting. The filing does not contain forward-looking guidance, risk factors, or commentary on operational performance, revenue, or profit margins.
Investor Verification Checklist
- Verify the total authorized limit of the second tranche of the buyback program approved on May 6, 2026.
- Confirm the total number of shares currently held in treasury (3.09% of capital) against regulatory caps.
- Review the specific terms of the "additional remuneration" mechanism to understand how these treasury shares will be utilized (e.g., cancellation vs. distribution).
- Check for any subsequent filings regarding the completion or suspension of the buyback program.