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ENI Eni Spa

14.824
-0.312 (-2.06%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Eni Spa BIT:ENI Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.312 -2.06% 14.824 14.814 14.88 15.02 14.748 15.018 16,392,685 02:01:02

Eni to Submit Proposal for Potential Restart of Buyback Program

19/03/2021 6:43am

Dow Jones News


Eni (BIT:ENI)
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From May 2019 to May 2024

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By Giulia Petroni

 

Eni SpA said late Thursday that it will submit a proposal for a potential restart of its share buyback program.

The Italian oil major said the proposal concerns the purchase of treasury shares for a maximum outlay of 1.6 billion euros ($1.91 billion) and a maximum number equal to 7% of ordinary shares. It will be presented at the shareholder meeting on May 12.

The purchases are subject to the Brent crude price scenario outlined in the company's strategic plan for 2021-24, Eni said. The price reference for the current year will be defined in July.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

March 19, 2021 02:28 ET (06:28 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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