- Board will seek shareholder approval on 6 May 2026 for a buyback running to end‑April 2027, initially €1.5bn and expandable to €4bn if cash flow exceeds Plan forecasts.
- Program caps purchases at 303 million shares (~10% of capital), with up to 297.9 million for shareholder remuneration and up to 5.1 million for the 2026–2028 LTIP.
- Purchases must be within ±10% of the previous Euronext Milan session price and may be executed on regulated markets or under permitted market practices.
- Board proposes cancelling up to 297.9 million purchased shares by July 2027 without reducing share capital; Eni currently holds 86,828,014 treasury shares (~2.9%).
Shareholder proposal
The Board, chaired by Giuseppe Zafarana, will ask the Shareholders' Meeting on 6 May 2026 to authorize a treasury‑share buyback running to end‑April 2027, aligned with the Strategic Plan 2026–2030.
Buyback program
The program is for an initial €1.5bn, expandable to €4bn if Cash Flow from Operations exceeds Plan forecasts; purchases are capped at 303 million shares (~10% of capital), with up to 297.9 million for shareholder remuneration and up to 5.1 million to service the 2026–2028 LTIP.
Purchase execution and cancellation
Purchases must be within ±10% of the official Euronext Milan price from the prior session and may be executed on regulated markets or under Consob‑permitted market practices and relevant EU market‑abuse rules; the Board seeks authorization to dispose shares to service the LTIP and other incentive plans, and proposes cancelling up to 297.9 million shares by July 2027 without reducing share capital; Eni currently holds 86,828,014 treasury shares (~2.9%), and meeting documentation will be published per regulations.
