ENI S.p.A. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing by ENI S.p.A. reports on the purchase of treasury shares conducted during the period from November 15 to November 19, 2021. The transactions were executed on the Electronic Stock Market pursuant to the authorization granted at the Ordinary General Meeting of shareholders on May 12, 2021.
Key Financial Metrics
- Treasury Shares Acquired (Period): 2,252,000 shares
- Weighted Average Price (Period): €12.49047 per share
- Total Consideration (Period): €28,128,540.11
- Cumulative Treasury Shares (Program Start to Date): 26,276,318 shares (0.73% of share capital)
- Cumulative Aggregate Amount: €305,346,234.92
- Total Treasury Shares Held: 58,007,620 shares (1.61% of share capital)
Material Changes and Transaction Details
The filing details daily transaction volumes and weighted average prices for the five-day reporting window:
| Date | Quantity | Weighted Avg Price (€) | Amount (€) |
|---|---|---|---|
| 15/11/2021 | 426,000 | 12.521568 | 5,334,187.97 |
| 16/11/2021 | 422,000 | 12.640123 | 5,334,131.91 |
| 17/11/2021 | 423,000 | 12.597975 | 5,328,943.43 |
| 18/11/2021 | 431,000 | 12.388584 | 5,339,479.70 |
| 19/11/2021 | 550,000 | 12.348722 | 6,791,797.10 |
The total treasury shareholding includes shares acquired under the buyback program plus shares held from the "Long-Term Incentive Plan 2017-2019" vesting period conclusion.
Guidance, Outlook, and Risks
This filing is a regulatory disclosure of share repurchase activity and does not contain forward-looking guidance, management commentary on operational performance, or specific risk factors beyond the standard disclosure requirements for treasury share transactions.
Investor Verification Checklist
- Verify the remaining authorization limit for the treasury share buyback program approved on May 12, 2021.
- Confirm the total number of treasury shares held (58,007,620) against the company's total share capital to validate the 1.61% ownership stake.
- Review the cumulative spend (€305.35 million) to assess the capital allocation strategy relative to the company's cash flow.
- Monitor future filings for the conclusion of the buyback program or changes in the weighted average acquisition price.