Eni S.p.A. (BIT:ENI) commences share repurchases on May 27, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 15, 2024. As per the mandate, the company is authorized to repurchase up to 328,000,000 shares, for ?3,500 million. The shares will be repurchased at a price which shall not be more than 10% greater or lower than the official price registered by the stock in the trading session of the Euronext Milan, organised and operated by Borsa Italiana SpA, on the day before each individual transaction. The repurchased will be funded out of distributable profit and available reserves as reported in the most recent regularly approved financial statements. The share repurchase program is valid till April 2025.

On May 23, 2024, the company announced a share repurchase program. Under the program, the company will repurchase up to ?1,600 million (?3,500 million, in case of upside scenarios). The program will be valid till April 2025. Under the first tranche of the program, the company will repurchase up to 6,400,000 shares, representing 0.2% of share capital, for ?150 million. The purpose of the program is to use the repurchased shares for the implementation of the 2024-2026 Employee Stock Ownership Plan.