(Alliance News) - The board of directors of Eni Spa has approved the possible issuance of one or more bonds, to be placed with institutional investors, for a total amount not exceeding EUR5 billion, to be issued in one or more tranches by March 31, 2026.

The bonds, if issued, will pursue the objective of maintaining a balanced financial structure and will be used for Eni's general needs. In addition, they may be listed on one or more regulated markets.

Again, the board resolved to distribute to shareholders the fourth of four tranches of the 2023 dividend payout from available reserves of EUR0.23 - out of a total annual payout, in lieu of dividend, of EUR0.94 - for each share outstanding on the ex-dividend date of May 20, 2024, with payment on May 22.

For holders of ADRs registered by May 21, listed on the New York Stock Exchange and each representing two Eni shares, the fourth tranche of the disbursement will be EUR0.46 per ADR, payable on June 7, 2024.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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