Eni to Launch €1.5 Billion Share Buyback Program, Aimed at Additional Shareholder Remuneration

Eni to Launch €1.5 Billion Share Buyback Program, Aimed at Additional Shareholder Remuneration

(IN BRIEF) Eni has been authorized to launch a new share buyback program, set to run until April 2026. The program will buy back up to 315 million shares, with a maximum value of €1.5 billion, potentially increasing to €3.5 billion depending on Cash Flow From Operations. The buyback aims to provide additional remuneration to shareholders, with the repurchased shares being cancelled by July 2026. Transactions will be conducted independently on Euronext Milan and disclosed in compliance with legal regulations.

(PRESS RELEASE) MILAN, 16-May-2025 — /EuropaWire/ — Eni S.p.A. (BIT: ENI) has announced the launch of a new share buyback program, following the authorization granted by its Shareholders’ Meeting held on 14 May 2025. The program is set to begin in the coming days and will run until April 2026.

The new Share Buyback Program will involve the repurchase of up to 315 million shares, representing approximately 10% of Eni’s share capital, with a total maximum value of €1.5 billion, as outlined in the Capital Markets Update on 27 February 2025. If there are positive scenarios for Cash Flow From Operations, this amount may be increased to a maximum of €3.5 billion.

The primary purpose of the buyback is to provide additional remuneration to shareholders, beyond the distribution of dividends. The shares acquired through this program will be cancelled, with no reduction in share capital, by July 2026, in line with the resolutions passed at the Shareholders’ Meeting on 14 May 2025.

The purchases will be carried out on Euronext Milan through an authorized agent, who will operate independently, including with respect to the timing of the transactions. All purchases will be disclosed to the market in accordance with relevant legal and regulatory requirements.

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SOURCE: Eni S.p.A.