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 execution of its treasury share buyback program. The report covers transactions executed on the Euronext Milan exchange during the period from December 23 to December 27, 2024. The filing was signed on January 3, 2025.
Key Financial Metrics
The filing details specific capital allocation activities rather than operational financial results (revenue, profit, or cash flow are not reported in this document).
- Shares Acquired (Reporting Period): 3,914,579 shares (0.12% of share capital).
- Total Consideration (Reporting Period): €49,999,993.23.
- Weighted Average Price (Reporting Period): €12.7728 per share.
- Cumulative Buyback (Since June 13, 2024): 109,609,796 shares (3.34% of share capital) for €1,522,563,618.91.
- Total Treasury Shares Held: 201,220,123 shares (6.13% of share capital), including shares from previous programs and free grants to directors and employees.
Material Changes and Transaction Details
The company executed purchases on two specific days within the reporting window:
| Date | Quantity | Weighted Avg. Price (€) | Amount (€) |
|---|---|---|---|
| 23/12/2024 | 1,969,881 | 12.6911 | 24,999,996.16 |
| 27/12/2024 | 1,944,698 | 12.8555 | 24,999,997.07 |
The purchases were conducted under the second tranche of the treasury shares program approved by the Shareholders' Meeting on May 15, 2024. The stated purpose of the program is to pay shareholders an additional remuneration compared to the distribution of dividends.
Guidance, Outlook, and Risks
This filing does not contain forward-looking guidance, management commentary on operational outlook, or specific risk factors. It is a mandatory disclosure of share repurchase activity pursuant to Consob Regulation 11971/1999.
Investor Verification Checklist
- Verify the total remaining authorization limit for the second tranche of the buyback program approved in May 2024.
- Confirm the total number of treasury shares held (6.13% of capital) against the company's charter limits for treasury share ownership.
- Review the "Long-Term Incentive Plan 2020-2022" and "Employee Stock Ownership Plan" details to understand the composition of the total treasury share count.
- Monitor future 6-K filings for the conclusion of the current buyback tranche or the initiation of new capital return programs.