E · Eni S.p.A.

This treasury share purchase reflects Eni’s ongoing execution of its shareholder capital return framework, specifically directed toward fulfilling obligations under its multi-year Long-Term Incentive Plan. The transaction was conducted entirely on Euronext Milan in a single day with 114 discrete trades between 08:01 and 10:10 UK time, showing disciplined, algorithmic execution across a narrow price band (€22.6100–€22.9200) that converged upward — consistent with typical market-making behavior for large-volume, pre-announced repurchases. While the absolute size (0.03% of share capital) is modest relative to Eni’s scale, the cumulative treasury position now stands at 2.90%, suggesting sustained commitment to share consolidation over time. No new authorization, pricing ceiling, or timeline extension was disclosed; this is a fulfillment of previously approved capacity. For investors, the primary implication is reinforcement of management’s confidence in the company’s liquidity and strategic flexibility, as well as alignment of executive incentives with long-term shareholder value — though no earnings impact or dilution adjustment is indicated in this filing.