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 October 16, 2023, to October 20, 2023. The 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.
Key Financial Metrics
| Metric | Value |
|---|---|
| Shares Acquired (Period) | 4,018,086 |
| Percentage of Share Capital (Period) | 0.12% |
| Weighted Average Price | €15.5278 |
| Total Consideration (Period) | €62,392,150.90 |
| Cumulative Shares Acquired (Since Sept 4, 2023) | 26,512,910 |
| Cumulative Consideration (Since Sept 4, 2023) | €400,421,482.46 |
| Total Treasury Shares Held | 119,060,660 (3.53% of share capital) |
Daily Transaction Summary
- Oct 16: 806,267 shares at €15.5509 (€12,538,177.49)
- Oct 17: 802,648 shares at €15.5448 (€12,477,002.63)
- Oct 18: 803,534 shares at €15.6602 (€12,583,503.15)
- Oct 19: 796,369 shares at €15.4271 (€12,285,664.20)
- Oct 20: 809,268 shares at €15.4557 (€12,507,803.43)
Material Changes
The filing details a consistent execution of the buyback program over five consecutive trading days. The weighted average price fluctuated between €15.4271 and €15.6602 during the period. The total number of treasury shares held by Eni now stands at 119,060,660, representing 3.53% of the share capital, following the cancellation of 195,550,084 shares resolved in May 2023 and subsequent purchases.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on operational performance, or specific risk factors beyond the standard disclosure of the treasury share program. The primary objective stated is the distribution of additional remuneration to shareholders via the buyback mechanism.
Key Facts for Investors
- Program Status: Eni is actively executing the second tranche of its buyback program, having spent over €400 million since September 4, 2023.
- Share Count: The company currently holds 3.53% of its own share capital as treasury shares.
- Price Range: Purchases in this specific week occurred within a narrow price band of approximately €15.43 to €15.66.
- Regulatory Compliance: Transactions were disclosed pursuant to art. 144-bis of Consob Regulation 11971/1999.