Eni Board proposes new buyback program

19 Mar Eni Board proposes new buyback program

(Oilandgaspress) – Eni’s Board of Directors held on March 18, 2026, chaired by Giuseppe Zafarana, has resolved to submit a proposal to the Shareholders’ Meeting of 6 May 2026, called in ordinary session, to authorize the purchase of treasury shares (the “new buyback Program”) for a period up to the end of April 2027.

In line with the Strategic Plan 2026-2030 (the “Plan”), presented today to the market, Eni intends to launch the new buyback Program in 2026 for an amount of €1.5 billion. This amount may be increased up to a total maximum of €4 billion, in case of upside scenarios of the Cash Flow from Operations compared to the amount foreseen in the Plan.

The maximum amount of shares that can be purchased under the program is no. 303 million shares (approximately 10% of Eni’s share capital).

Authorization for the purchase of treasury shares under the new buyback Program is requested for the following purposes:

up to no. 297.9 million shares, to remunerate shareholders;
up to no. 5.1 million shares, to service the Long-Term Incentive Plan 2026-2028 (“ILT Plan”), also submitted for approval by the Shareholders’ Meeting of 6 May 2026.
Purchases made under the new buyback Program will be made at a price identified in compliance with regulatory requirements and accepted market practices in force from time to time. This price may not deviate downward or upward by more than 10% from the official price recorded by Eni S.p.A. stock in the session of the Euronext Milan market, organized and managed by Borsa Italiana S.p.A., on the day preceding each individual transaction.

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