Italian oil and gas company Eni S.p.A. (E) said that its board approved its consolidated financial statements and the draft financial statements of the parent company for the year ended December 31, 2012.
Net profit attributable to shareholders for fiscal 2012 increased to 7.788 billion euros from 6.860 billion euros in the prior year, with earnings per share improving to 2.15 euros from 1.89 euros last year.
Annual total revenues rose to 128.77 billion euros, from 108.62 billion euros in the prior year.
The company said that its board plans to submit a proposal for the distribution of a cash dividend of 1.08 euros per share or 2.16 euros per ADR at the Annual Shareholders' Meeting. Included in this annual distribution is 0.54 euros per share which was paid as an interim dividend in September 2012. The balance of 0.54 euros per share or 1.08 euros per ADR is payable to shareholders on May 23, 2013, the ex-dividend date being May 20, 2013 and the record date being May 22, 2013.
The company said that its board has approved to propose to the Annual Shareholders' Meeting to grant a proxy to the Board of Directors to continue the purchase program of treasury shares for a period of 18 months beginning from the date of the Annual Shareholders' Meeting, up to a maximum of 363 million shares, representing approximately 10% of the share capital, for a maximum consideration of 6 euros billion, at a price not less than 1.102 euros per share and not more than 5% above the reference price registered on the trading day preceding each purchase.
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