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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ENI Spa | NYSE:E | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.03 | 0.09% | 32.76 | 32.94 | 32.68 | 32.85 | 207,950 | 19:47:31 |
From May 2019 to May 2024
By Giulia Petroni
Eni SpA said Friday that it would propose the relaunch of a buyback program for 2020 and the cancellation of previously acquired treasury shares at its shareholder meeting in May.
The Italian oil-and-gas company said the proposal concerns the purchase of treasury shares for a maximum outlay of 1.2 billion euros ($1.32 billion).
The buyback programme would amount to EUR400 million in 2020, according to Eni.
The company will also propose the cancellation of around 28.6 million treasury shares acquired in 2019. Eni holds around 61.6 million treasury shares, which equate to 1.70% of its share capital.
The company is scheduled to hold a shareholder meeting on May 13.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
February 28, 2020 03:43 ET (08:43 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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