Transaction in Own Shares
Transaction in Own Shares
Shell plc (referred to as ‘the Company’) has announced the purchase of shares for cancellation as part of its ongoing share buy-back programme.
Aggregated Information on Shares Purchased
Below are the details regarding the shares acquired on the most recent trading date:
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
On the same date, additional transactions 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 established share buy-back programme, which was first announced on 1 August 2024. During this programme, Citigroup Global Markets Limited has been appointed to make trading decisions independently of the Company from 1 August 2024 until 25 October 2024.
The on-market aspect of the buy-back will operate within set parameters and follow the Company's authority to repurchase shares in the market. In contrast, the off-market component will adhere to the buyback contract that has been approved by shareholders, ensuring all necessary pre-set conditions are met.
Compliance with Regulations
The share buy-back programme complies with Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU, which governs buyback programmes. This also includes adherence to UK MAR, which incorporates EU MAR provisions into UK law following the Brexit transition period, ensuring that all transactions meet the relevant legal requirements.
A detailed breakdown of the individual trades executed by Citigroup Global Markets Limited on behalf of the Company as part of the buy-back programme can be provided upon request.
Contact Information
If you have any further inquiries, the Company can be contacted through:
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 aims to enhance shareholder value by repurchasing shares, which reduces the total number of shares available in the market.
2. Who is responsible for trading decisions during the share buy-back?
Citigroup Global Markets Limited is tasked with making independent trading decisions on behalf of Shell plc throughout the buy-back period.
3. When was the share buy-back programme officially announced?
The share buy-back programme was officially 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.