ENI SPA current report, Q1 FY2025

ENI S.p.A. Treasury Share Purchase Summary

Business Context and Reporting Period

This Form 6-K filing reports on the purchase of treasury shares by ENI S.p.A. during the period from January 13 to January 17, 2025. The transactions were executed on the Euronext Milan exchange as part of the second tranche of a buyback program approved by the Shareholders' Meeting on May 15, 2024. The stated purpose of the program is to provide additional remuneration to shareholders compared to standard dividend distributions.

Key Financial Metrics

Metric Value
Shares Purchased (Jan 13-17) 3,591,665
Percentage of Share Capital 0.11%
Weighted Average Price €13.9217
Total Consideration €50,001,980.74
Cumulative Shares (Since June 13, 2024) 120,272,006 (3.66% of capital)
Cumulative Consideration (Since June 13, 2024) €1,667,565,083.79
Total Treasury Shares Held 211,882,333 (6.45% of capital)

Material Changes and Program Status

The filing details daily transaction volumes and prices for the five-day reporting window. The weighted average price per share fluctuated daily, ranging from a low of €13.7517 on January 14 to a high of €14.0823 on January 17. The total consideration for the week was approximately €50 million. The company continues to hold a significant portion of its own share capital (6.45%) in treasury, combining shares acquired under the current program, previous programs, and shares granted to directors and employees under incentive plans.

Guidance, Outlook, and Risks

The filing does not contain forward-looking guidance, revenue projections, or management commentary regarding operational performance. The document is strictly a regulatory disclosure of share repurchase activity. No specific risks or contingencies related to the buyback program are disclosed in this text, other than the standard execution of the program approved by shareholders.

Investor Verification Checklist

  • Verify the total number of treasury shares held (211,882,333) against the company's latest capital structure filings.
  • Confirm the remaining authorization limit for the second tranche of the buyback program approved in May 2024.
  • Review the impact of the 6.45% treasury share holding on earnings per share (EPS) and dividend calculations.
  • Monitor the weighted average purchase price (€13.92) relative to the current market price to assess the efficiency of the buyback execution.