Business Context and Reporting Period
This Form 6-K filing by Eni S.p.A. covers the period from October 9 to October 13, 2023. The report details the execution of treasury share purchases on the Euronext Milan exchange as part of the second tranche of a buyback program approved by the Shareholders' Meeting on May 10, 2023. The program aims to provide additional remuneration to shareholders alongside dividend distributions.
Key Financial Metrics
| Metric | Value |
|---|---|
| Shares Acquired (Period) | 4,163,200 |
| Percentage of Share Capital (Period) | 0.12% |
| Weighted Average Price (Period) | €15.2073 |
| Total Consideration (Period) | €63,311,115.48 |
| Shares Acquired (Program Start to Date) | 22,494,824 |
| Total Consideration (Program Start to Date) | €338,029,331.56 |
| Total Treasury Shares Held | 115,042,574 (3.41% of share capital) |
Material Changes and Program Status
The filing reports a continuation of the buyback activity initiated on September 4, 2023. During the specific reporting week, Eni acquired approximately 4.16 million shares. The total number of treasury shares held by the company stands at 115,042,574, representing 3.41% of the share capital. This total figure accounts for shares purchased since the program began on May 12, 2023, less the 195,550,084 shares cancelled by shareholder resolution on May 10, 2023.
Management Commentary and Risks
The filing contains no forward-looking guidance, management commentary on operational performance, or discussion of risks and contingencies. The document is strictly a regulatory disclosure of share transaction data required under Consob Regulation 11971/1999, Article 144-bis.
Investor Verification Checklist
- Verify the total number of treasury shares held (115,042,574) against the company's latest capital structure reports.
- Confirm the remaining authorization limit for the second tranche of the buyback program approved in May 2023.
- Review the weighted average purchase price (€15.2073) against the prevailing market price of Eni shares during the week of October 9-13, 2023.
- Check for any subsequent filings regarding the cancellation or re-issuance of the acquired treasury shares.