Eni Acquires Additional Treasury Shares as Part of Its Buyback Program

Eni Acquires Additional Treasury Shares as Part of Its Buyback Program

(IN BRIEF) Eni, an energy company, has reported the acquisition of 4,640,950 treasury shares, equivalent to 0.14% of its share capital, between January 2 and January 5, 2024. The shares were purchased on the Euronext Milan stock exchange at an average price of €15.5138 per share, amounting to a total consideration of €71,998,563.30. This acquisition is part of the second tranche of the treasury shares program approved by the Shareholders’ Meeting in May 2023.

(PRESS RELEASE) MILAN, 11-Jan-2024 — /EuropaWire/ — During the period from January 2 to January 5, 2024, Eni acquired on the Euronext Milan no. 4,640,950 shares (equal to 0.14% of the share capital), at a weighted average price per share equal to 15.5138 euro, for a total consideration of 71,998,563.30 euro within the second tranche of the treasury shares program approved by the Shareholders’ Meeting on 10 May 2023, previously subject to disclosure pursuant to art. 144-bis of Consob Regulation 11971/1999.

On the basis of the information provided by the intermediary appointed to make the purchases, here below a synthesis of transactions for the purchase of treasury shares on the Euronext Milan on a daily basis:

From the start, on 4 September 2023, of the second tranche of the buyback programme (aimed at giving Eni shareholders additional remuneration in relation to the distribution of dividends), Eni acquired no. 71,535,214 shares (equal to 2.12% of the share capital) for a total consideration of 1,083,856,301.20 euro. Considering the treasury shares already held and the cancellation of 195,550,084 treasury shares resolved by the Shareholders’ Meeting on 10 May 2023, the purchases made from the beginning of the treasury shares program on 12 May 2023 and the free of charge shares granted to Eni’s directors, following the conclusion of the Vesting Period as provided by the “Long-Term Incentive Plan 2020-2022” approved by Eni’s Shareholders’ Meeting of 13 May 2020, Eni holds n. 161,756,286 shares equal to 4.79% of the share capital.

The weekly information including the daily details of the 2023 share buyback programme can be found at Treasury shares year 2023 and Shareholders Remuneration.

Media Contact:

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SOURCE: Eni S.p.A