Corporate ActionMay 7, 2026, 02:26 PM
Eni Launches €4B Share Buyback, Declares €1.1 Dividend, Confirms CEO
AI Summary
Eni's shareholders approved the 2025 financial statements, allocating €4.429 billion net profit to available reserves. The company authorized a new share buyback program of up to €4 billion by April 2027, with the first tranche of 5.1 million shares launched for the Long-Term Incentive Plan. Shareholders also approved a total dividend of €1.1 per share for 2026, payable in four tranches. Additionally, the Board of Directors confirmed Claudio Descalzi as Chief Executive Officer and General Manager and appointed new Board members and committees.
Key Highlights
- Shareholders approved 2025 financial statements; €4.429 billion net profit to reserve.
- Authorized share buyback up to 303 million shares, total outlay up to €4 billion by April 2027.
- First tranche of buyback for 5.1 million shares (0.2% of capital) launched for LTI Plan.
- Approved total 2026 dividend of €1.1 per share, payable in four tranches.
- Claudio Descalzi confirmed as Chief Executive Officer and General Manager.
- New 9-member Board of Directors and Board of Statutory Auditors appointed.
- Approved Long-Term Incentive Plan 2026-2028 for management.
- Authorized cancellation of up to 297.9 million treasury shares.