THEshareholders' meeting di Eni approved the 2022 budget and renewed the top management, paving the way for the fourth consecutive term for the CEO, Claudio Descalzi, and bringing to the presidency the former commander general of the Guardia di Finanza, Joseph Zafarana. During the meeting, it was decided to allocate the profit, equal to 5,403 billion euro, to the available reserve. In addition, the shareholders established the distribution of an annual dividend for 2023 equal to 0,94 euros per share and the new share buyback programme. The Dog with six legs in one communicates it note.
The shareholders determined 9 of the number of directors and appointed the board of directors for the next three years. In addition to Zafarana (independent) chairman and Claudio Descalzi, the other 7 members are: Elisa Baroncini, (independent) director; Massimo Belcredi, Director (independent); Roberto Ciciani, Director; Carolyn Adele Dittmeier, Director (independent); Federica Seganti, Director (independent); Cristina Sgubin, Director (independent); Raphael Louis L. Vermeir, Director (independent).
The new supervisory board
In addition, it was named the supervisory board: Rosalba Casiraghi (Chairman), Enrico Maria Bignami (Standing Auditor), Marcella Caradonna (Standing Auditor), Giulio Palazzo (Standing Auditor) Andrea Parolini (Standing Auditor), Giulia De Martino (Alternate Auditor), Giovanna Villa (Alternate Auditor).
The shareholders' meeting then approved the report on the remuneration policy and on the compensation paid, due to the chairman of the board of directors and to the other directors in the amount, respectively, of 90 thousand gross euros and 80 thousand euros gross, in addition to the reimbursement of expenses for the performance of the office;
Eni shareholders' meeting: ok to dividend and buyback
Together with the approval of the 2022 budget (profit of 5,4 billion euros), the shareholders also approved the proposal dividend 2023 and the new buyback program of own actions. In particular, the dividend of 0,94 euro per share to be paid, in 4 tranches, in the months of September 2023 (for the amount of 0,24 euro per share), November 2023 (for the amount of 0,23 euro per share), March 2024 (for an amount of €0,24 per share), and May 2024 (for an amount of €0,23 per share)1;
Il buyback it will have a value of 2,2 billion euros, which could rise to a maximum of 3,5 billion euros. The number of shares that can be purchased is 337 million, approximately 10% of the share capital. Of these, 275 million shares will go to remunerate shareholders.
