Shell plc Announces Share Buy-Back Transaction Details
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Transaction in Own Shares
Transaction in Own Shares
Shell plc (the ‘Company’) announces that it has purchased shares for cancellation as part of its share buy-back programme.
Aggregated Information on Shares Purchased
Details regarding the shares purchased on the latest trading date are outlined below:
Share Transaction Summary
Date of Purchase: 19 August 2024
Number of Shares Purchased: 793,985
Highest Price Paid: £28.1800
Lowest Price Paid: £27.7400
Volume Weighted Average Price Paid Per Share: £27.9840
Trading Venue: LSE
Currency: GBP
Additional transactions on the same date included:
Number of Shares Purchased: 774,382
Highest Price Paid: €33.2650
Lowest Price Paid: €32.7950
Volume Weighted Average Price Paid Per Share: €33.0490
Trading Venue: XAMS
Currency: EUR
Implementation of the Share Buy-Back Programme
These share purchases are part of the Company's existing share buy-back programme, which was initially announced on 1 August 2024. Throughout the execution of this programme, Citigroup Global Markets Limited has been engaged to make trading decisions independently of the Company from 1 August 2024 up to and including 25 October 2024.
The on-market component of the buy-back will follow predetermined parameters and adhere to the Company’s authority to repurchase shares in the market. Conversely, the off-market component will align with the Company’s planned buyback contract approved by shareholders, maintaining the necessary pre-set conditions.
Compliance with Regulations
The share buy-back programme adheres to Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU, regarding buyback programmes. This also includes compliance with UK MAR, which incorporates EU MAR provisions into UK law after the Brexit transition period, ensuring all transactions comply with relevant legal frameworks.
A comprehensive breakdown of the individual trades executed by Citigroup Global Markets Limited on behalf of the Company as a part of the buy-back programme can be provided upon inquiry.
Contact Information
For further inquiries, the Company can be reached via:
Media International: +44 (0) 207 934 5550
Media Americas: +1 832 337 4335
LEI number of Shell plc: 21380068P1DRHMJ8KU70
Classification: Acquisition or disposal of the issuer’s own shares.
Frequently Asked Questions
1. What is the purpose of the share buy-back programme announced by Shell plc?
The share buy-back programme is designed to enhance shareholder value by repurchasing shares, reducing the overall number of shares in circulation.
2. Who is responsible for trading decisions during the share buy-back?
Citigroup Global Markets Limited is responsible for making independent trading decisions on behalf of Shell plc during the buy-back period.
3. When was the share buy-back programme officially announced?
The share buy-back programme was announced on 1 August 2024.
4. How many shares were purchased in the most recent transaction?
A total of 793,985 shares were purchased on 19 August 2024 for cancellation.
5. What regulations govern the share buy-back transactions at Shell plc?
The transactions are governed by the Listing Rules and the Market Abuse Regulation, ensuring compliance with both EU and UK legal frameworks.
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