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FINWIRES

Eni to Launch First Tranche of New Stock Buyback Program

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-- Eni (E) said Thursday that the first tranche of the company's new share buyback program will be launched in the next days, following authorization by shareholders on Wednesday.

The first tranche will entail a total of up to 5.1 million shares of the company, to be used to serve the 2026-2028 Long-Term Incentive Plan, Eni said.

Eni said that its 2026 share buyback program will have a total amount of 2.8 billion euros ($3.29 billion), which may be increased to 4 billion euros in case of upside scenarios in its cash flow statement.

Price: $52.78, Change: $-1.14, Percent Change: -2.11%

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