Business Context and Reporting Period
This Form 6-K filing by Eni S.p.A. reports on the purchase of treasury shares conducted between November 29, 2021, and December 3, 2021. The transactions were executed under the authorization granted at the Ordinary General Meeting of shareholders on May 12, 2021, and are subject to disclosure under Article 144-bis of Consob Regulation 11971/1999.
Key Financial Metrics
| Metric | Value |
|---|---|
| Treasury Shares Purchased (Period) | 2,716,195 |
| Weighted Average Price (Period) | €11.79165 |
| Total Consideration (Period) | €32,028,414.44 |
| Cumulative Treasury Shares (Program Start) | 30,910,554 (0.86% of share capital) |
| Cumulative Consideration (Program Start) | €360,854,000.78 |
| Total Shares Held by Eni (Post-Period) | 62,641,856 (1.74% of share capital) |
Daily Transaction Summary
- Nov 29: 463,000 shares @ €11.821818 (€5,473,501.73)
- Nov 30: 1,028,195 shares @ €11.561327 (€11,887,298.61)
- Dec 01: 409,000 shares @ €11.952645 (€4,888,631.81)
- Dec 02: 412,000 shares @ €11.878191 (€4,893,814.69)
- Dec 03: 404,000 shares @ €12.091999 (€4,885,167.60)
Material Changes
The filing details a significant increase in the company's treasury share holdings. Following the purchases in this period, Eni's total holding of treasury shares (including those held previously and shares assigned to directors under the Long-Term Incentive Plan 2017-2019) reached 62,641,856 shares, representing 1.74% of the total share capital. The weighted average purchase price fluctuated daily, ranging from a low of approximately €11.56 on November 30 to a high of approximately €12.09 on December 3.
Guidance, Outlook, and Risks
This filing is a regulatory disclosure of share buyback activity and does not contain forward-looking guidance, management commentary on operational performance, or specific risk factors beyond the standard regulatory context of the buyback program. The activity confirms the company's ongoing execution of its capital allocation strategy approved by shareholders.
Investor Verification Checklist
- Verify the total number of treasury shares held (62,641,856) against the latest share capital to confirm the 1.74% ownership stake.
- Confirm the remaining authorization limit for the buyback program approved on May 12, 2021, to assess future repurchase capacity.
- Review the "Long-Term Incentive Plan 2017-2019" vesting details to understand the composition of the total shares held.
- Monitor subsequent Form 6-K filings for continued buyback activity and price trends.