Eni S.p.A. (ENI.DE,ENI.MI) Thursday said its board has approved a proposal to launch a new share buyback program of 1.5 billion euros in 2026, with potential expansion up to 4 billion euros under favorable cash flow conditions.
The proposal will be submitted for approval at the Shareholders' Meeting on May 6, 2026, with authorization to run the program through April 2027.
Eni said the buyback is part of its Strategic Plan 2026-2030 and will allow the company to repurchase up to 303 million shares, or about 10% of its share capital.
Of the total, up to 297.9 million shares will be used to remunerate shareholders, while about 5.1 million shares will support a long-term incentive plan for 2026-2028.
The board also plans to seek approval to cancel the majority of repurchased shares, without reducing share capital, by July 2027.
Eni said buybacks will be executed in line with regulatory requirements, with prices set within a ±10% range of the previous trading session price on Euronext Milan.
As of now, the company holds about 86.8 million treasury shares, representing roughly 2.9% of its share capital.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.