Eni, widespread shareholding plan in Italy | EUROtoday

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A brand new share buyback program, according to the route outlined within the newest strategic plan and into consideration on the subsequent shareholders' assembly. Which will even be referred to as to resolve on the approval of a 2024-2026 widespread share possession plan, initially carried out for workers in Italy after which step by step prolonged to international corporations. These are some strikes determined by Eni's board of administrators which met below the presidency of Giuseppe Zafarana.

Widespread shareholding

The board of the group led by Claudio Descalzi first gave the inexperienced gentle to a widespread share possession plan which offers for 2 annual assignments (in 2024 and 2025) of free shares for an annual particular person financial worth of two thousand euros. In 2026, nevertheless, a co-investment technique shall be utilized which establishes, upon the acquisition of shares by the worker, the task of free shares equal to 50% of the shares bought, as much as a most worth of 1 thousand euros . A one-year lock-up will apply to the share bought by the worker, whereas a three-year lock-up will apply to the free shares assigned. For managers who take part within the present long-term share incentive plan, a symbolic annual task of 1 share is envisaged.

Il buyback

The board additionally gave the inexperienced gentle to a brand new buyback program for 1.1 billion euros which might be elevated, based mostly on any will increase in working money circulate, as indicated within the strategic plan, as much as a most of three .5 billion euros. The board then determined to convene, in a unprecedented session, the shareholders' assembly to resolve on the cancellation of the shares that shall be bought as a part of the brand new buyback program.

Bonds as much as 5 billion

The board of administrators additionally resolved the potential concern of a number of bonds for a complete quantity not exceeding 5 billion, to be positioned in a number of tranches by 31 March 2026.

Also at present, lastly, approval was given to the distribution of the fourth tranche of the 2023 dividend of 0.23 euros, which shall be paid on May twenty second.