(Alliance News) - Eni Spa announced Wednesday that the shareholders' meeting authorized the board of directors to proceed with the buyback of treasury shares until the end of April 2025.

The maximum number of shares to be purchased is 328.0 million ordinary shares for a total outlay of up to EUR3.5 billion. Of these, up to a maximum of 321.6 million shares for shareholder remuneration purposes and up to a maximum of 6.4 million shares to constitute equity funding to service the PAD.

Eni's stock trades in the red by 0.3 percent at EUR15.12 per share.

By Chiara Bruschi, Alliance News reporter

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