ENI S.p.A. Treasury Share Purchase Report
Business Context and Reporting Period
This Form 6-K filing reports on the execution of Eni S.p.A.'s treasury share buyback program. The specific reporting period covers the week of May 26 to May 30, 2025. The program was approved by the Shareholders' Meeting on May 14, 2025, and commenced on May 20, 2025. All transactions were executed on the Euronext Milan exchange.
Key Financial Metrics
The filing details the following metrics for the reported period and the program to date:
- Shares Purchased (May 26-30): 3,849,108 shares (0.12% of share capital).
- Weighted Average Price (May 26-30): €12.9908 per share.
- Total Consideration (May 26-30): €50,002,870.31.
- Cumulative Shares Purchased (Since May 20): 6,939,908 shares (0.22% of share capital).
- Cumulative Consideration (Since May 20): €90,002,796.28.
- Total Treasury Shares Held: 98,550,235 shares (3.13% of share capital).
Material Changes and Daily Activity
The company executed daily purchases of approximately €10 million each day during the reporting week. The weighted average price per share fluctuated slightly between €12.9082 on May 26 and €13.0227 on May 30. The filing includes a granular log of individual transactions, showing execution times and specific prices ranging from approximately €12.86 to €13.09 during the period.
Guidance, Outlook, and Risks
This filing is a regulatory disclosure of executed transactions and does not contain forward-looking guidance, management commentary on future strategy, or specific risk factors beyond the standard disclosure requirements for the buyback program. The company continues to execute the program within the parameters approved by shareholders.
Investor Verification Checklist
- Verify the total number of treasury shares held (98,550,235) against the company's latest capital structure to confirm the 3.13% ownership stake.
- Confirm the remaining authorization limit of the buyback program approved on May 14, 2025, to assess remaining capacity.
- Review the daily transaction logs to ensure compliance with market trading rules and the specific price bands of the buyback mandate.
- Monitor subsequent filings for the finalization of the buyback program or any changes to the authorization.