Shell plc Outlines Recent Share Buyback Transactions
Shell plc Share Buyback Transactions
Summary of Recent Activity
Shell plc announces the purchase of shares for cancellation as part of its ongoing share buyback program. This initiative reflects the company’s commitment to enhancing shareholder value by reducing the number of outstanding shares. Below is a summary of the share purchases made on a specific date.
Purchase Details
The company executed significant transactions to buy back shares on the stock market. The details are as follows:
Aggregated Information on Purchases
The shares were acquired across multiple venues, and the following is a breakdown of the transactions made:
- Date of Purchase: 28/03/2025
- Total Shares Purchased: 1,000,000 shares
- Highest Price Paid: £28.2250
- Lowest Price Paid: £27.8900
- Volume Weighted Average Price: £27.9935
- Venue: LSE
- Currency: GBP
- Date of Purchase: 28/03/2025
- Total Shares Purchased: 150,000 shares
- Highest Price Paid: £28.1950
- Lowest Price Paid: £27.9200
- Volume Weighted Average Price: £28.0019
- Venue: Chi-X (CXE)
- Currency: GBP
- Date of Purchase: 28/03/2025
- Total Shares Purchased: 150,000 shares
- Highest Price Paid: £28.2250
- Lowest Price Paid: £27.9100
- Volume Weighted Average Price: £27.9993
- Venue: BATS (BXE)
- Currency: GBP
- Date of Purchase: 28/03/2025
- Total Shares Purchased: 800,000 shares
- Highest Price Paid: €34.1000
- Lowest Price Paid: €33.5400
- Volume Weighted Average Price: €33.6913
- Venue: XAMS
- Currency: EUR
- Date of Purchase: 28/03/2025
- Total Shares Purchased: 150,000 shares
- Highest Price Paid: €34.1050
- Lowest Price Paid: €33.5450
- Volume Weighted Average Price: €33.7598
- Venue: CBOE DXE
- Currency: EUR
- Date of Purchase: 28/03/2025
- Total Shares Purchased: 0 shares
- Highest Price Paid: -
- Lowest Price Paid: -
- Volume Weighted Average Price: -
- Venue: TQEX
- Currency: EUR
Ongoing Buyback Program
These share repurchases are part of a broader buyback program that was initially revealed earlier in the year. This strategy is designed to enhance shareholder returns and optimize the capital structure of Shell plc.
Natixis, appointed to manage the trading decisions for this program, is expected to operate independently, ensuring a disciplined approach to share buybacks from the end of January to late April.
Adherence to Regulations
The buyback program is structured to comply with existing market regulations, including the UK Listing Rules and EU Market Abuse Regulation. This compliance ensures that the share purchases are conducted within legal parameters, providing transparency and safeguarding shareholder interests.
Overview of Regulations Involved
The program follows the guidelines set forth under UK MAR and EU MAR, assuring that all transactions are executed within the pre-established framework, maintaining integrity in the trading process.
Contact Information
For further inquiries, stakeholders can reach out to the media contacts listed below:
Media International: +44 (0) 207 934 5550
Media Americas: +1 832 337 4335
LEI Number of Shell plc: 21380068P1DRHMJ8KU70
Frequently Asked Questions
What is the purpose of Shell's share buyback program?
The share buyback program aims to enhance shareholder value by reducing the total number of outstanding shares.
Who manages the trading decisions for Shell's buyback program?
Natixis has been appointed to make independent trading decisions during the buyback program.
Are the buyback transactions compliant with regulations?
Yes, the buyback program adheres to UK Listing Rules and Market Abuse Regulations, ensuring legal and regulatory compliance.
When did Shell announce the current buyback program?
The program was announced earlier this year as part of Shell's commitment to shareholder returns.
What is the significance of volume-weighted average price in these transactions?
The volume-weighted average price provides an average cost per share based on the total volume of shares traded, reflecting market conditions at the time of purchase.
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