Business Context and Reporting Period
This Form 6-K filing by Eni S.p.A. reports on the execution of its treasury share buyback program. The reporting period covers transactions executed on the Euronext Milan from June 30, 2025, to July 4, 2025. The buyback program was originally approved by the Shareholders' Meeting on May 14, 2025.
Key Financial Metrics
| Metric | Value |
|---|---|
| Shares Acquired (Period) | 3,599,998 |
| Percentage of Share Capital (Period) | 0.11% |
| Weighted Average Price (Period) | €13.8894 |
| Total Consideration (Period) | €50,001,849.83 |
| Cumulative Shares Acquired (Since May 20, 2025) | 25,109,648 |
| Cumulative Consideration (Since May 20, 2025) | €340,002,790.56 |
| Total Treasury Shares Held | 116,719,975 |
| Total Treasury Shares (% of Capital) | 3.71% |
Daily Transaction Summary (June 30 - July 4, 2025)
| Date | Quantity | Weighted Avg Price (€) | Amount (€) |
|---|---|---|---|
| 30/06/2025 | 726,610 | 13.7627 | 10,000,098.73 |
| 01/07/2025 | 726,618 | 13.7624 | 10,000,001.75 |
| 02/07/2025 | 715,000 | 13.9866 | 10,000,429.01 |
| 03/07/2025 | 712,270 | 14.0397 | 10,000,032.19 |
| 04/07/2025 | 719,500 | 13.9003 | 10,001,288.15 |
Material Changes
The filing details a consistent execution of the buyback program, with the company targeting approximately €10 million in daily spend. The weighted average purchase price increased slightly from approximately €13.76 on June 30 and July 1 to over €14.00 on July 3, reflecting market price fluctuations during the period. The total treasury holding increased from the previous reporting period to 3.71% of the share capital.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future strategy, or specific risk factors beyond the standard disclosure of the buyback program execution. The company continues to operate under the parameters of the program approved on May 14, 2025.
Investor Verification Checklist
- Verify the total authorized limit of the treasury share program approved on May 14, 2025, to assess remaining capacity.
- Confirm the current market price of Eni shares relative to the weighted average buyback price of €13.8894.
- Review the company's latest financial statements to assess the impact of the €340 million cumulative cash outflow on liquidity.
- Check for any subsequent filings regarding the termination or extension of the buyback program.