Shell plc Announces Key Details of Recent Share Transactions
Overview of Share Transactions by Shell plc
Shell plc is pleased to disclose significant information about its recent transactions involving company shares. The company has engaged in these shares buy-back as part of a broader strategy to optimize shareholder value. Understanding the details of these transactions enables stakeholders to appreciate the company's commitment to its capital management plans.
Details of Share Purchases
Recently, Shell plc executed a series of transactions aimed at repurchasing its own shares. On a specific day, the company purchased an impressive total of 710,831 shares, reflecting strategic financial management and capital allocation. Additionally, other transactions were recorded involving shares purchased for cancellation.
Aggregated Share Purchase Information
The purchases were conducted on September 19, 2024, and involved multiple trading venues, providing a transparent overview of the activities:
Date of Purchase: 19/09/2024
Total Shares Purchased: 710,831
Highest Price Paid: £26.0050
Lowest Price Paid: £25.7950
Volume Weighted Average Price Paid: £25.8998
Trading Venue: LSE
Trading Details and Transactions By Venue
In addition to these details, other trades were executed on the same date across different venues, including Chi-X and BATS, reflecting the comprehensive approach Shell is taking in its share buy-back program. The Company has also put measures in place to ensure transactions adhere to its overall capital management strategy while maintaining compliance with relevant regulations.
Details of the Buy-Back Program
This recent activity forms part of Shell plc's larger buy-back program which was initially announced on August 1, 2024. The strategy aims to improve shareholder returns and supports the company's long-term objectives. Citigroup Global Markets Limited is tasked with making trading decisions independently concerning these securities, ensuring unbiased market engagement during the buy-back window.
Compliance and Regulatory Adherence
Shell plc is committed to conducting all share repurchases in compliance with relevant market regulations. The buy-back program is guided by the rules outlined in the Market Abuse Regulation and the applicable UK laws post Brexit, ensuring robust adherence to industry practices. This regulatory framework secures the integrity of the trading process and provides assurance to shareholders.
Conclusion and Future Outlook
As Shell plc continues its journey, the execution of this buy-back program not only aims at increasing shareholder value but also reflects the company’s strategic foresight in managing its capital structure. Stakeholders should remain alert to updates regarding further developments in the company's financial strategies and share transactions.
Frequently Asked Questions
What prompted Shell plc to initiate a share buy-back program?
The buy-back program aims to enhance shareholder value and is part of a broader capital management strategy.
What were the main figures from Shell's recent share transactions?
Shell purchased 710,831 shares on September 19, 2024, with a highest price of £26.0050 and a lowest price of £25.7950.
Who manages Shell's buy-back trading decisions?
Citigroup Global Markets Limited manages the trading decisions for Shell’s buy-back program independently.
How does Shell ensure compliance with regulations during buy-backs?
Shell adheres to guidelines set by the Market Abuse Regulation and relevant UK laws to maintain compliance during its trading activities.
Where were the shares purchased primarily traded?
The shares were purchased across several venues, including the LSE, Chi-X, and BATS, ensuring a strategic and diversified trading approach.
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