Eni Board of Directors - Approval of 2010 interim dividend: euro 0.50 per share
Rome , September 9, 2010 - At a meeting today, Eni's Board of Directors resolved the distribution to Shareholders of an interim dividend for the fiscal year 2010 of €0.50 per share1 outstanding at the record date as of September 20, 2010 payable from September 23, 2010. The intention to distribute a €0.50 interim dividend was announced to the market on July 28, 2010 when the Company published its second quarter results.
Holders of ADRs will receive €1.00 per ADR, being each ADR listed on the New York Stock Exchange representative of two Eni shares, payable on September 30, 2010, being September 22, 2010 the record date2.
Eni's independent auditors have issued their opinion pursuant to Article 2433-bis, paragraph 5, of the Italian Civil Code.
1As a result of the tax reform enacted on 1 January 2004, dividends are not entitled to a tax credit and, depending on the recipient's fiscal status, either are subject to a withholding tax or are treated in part as taxable income.
2On ADR payment date, JPMorgan Chase Bank, N.A. will pay the dividend less the entire amount of a withholding tax under Italian law to all Depository Trust Company Participants, representing payment of Eni SpA's interim dividend.