Transaction in Own Shares
Shell plc's Share Buyback Program
Shell plc announces that it has purchased a number of shares for cancellation, as part of its ongoing share buyback program.
Aggregated Information on Shares Purchased
Here is the aggregated information regarding the shares purchased according to the trading venue:
Details of Share Purchases
Date of purchase: 23/08/2024
The details of the shares purchased include:
- Number of Shares Purchased: 804,804 shares
- Highest Price Paid: £27.2250
- Lowest Price Paid: £27.0750
- Volume Weighted Average Price Paid per Share: £27.1569
- Venue: LSE
- Currency: GBP
Overview of Additional Trades
Further trades executed include:
- 785,310 shares purchased at an average price of €32.2607 on the XAMS platform.
- Additional transactions at Chi-X (CXE) and BATS (BXE) platforms with no shares purchased, maintaining transparent trading activities.
Execution and Oversight of the Buyback Program
These share purchases are part of Shell plc's existing share buyback program initially announced at the beginning of the month. Citigroup Global Markets Limited is appointed to make independent trading decisions pertaining to these securities from initiation until the completion of the buyback period.
Market Regulations Compliance
The buyback program adheres to the standard market regulations, including the guidelines set forth for on- and off-market share repurchases.
Participation of Citigroup Global Markets Limited
During this buyback program, Citigroup will act autonomously, ensuring that trades conducted comply with shareholder approved terms and pre-set parameters.
Market and Legal Considerations
This initiative is fully compliant with Chapter 12 of the Listing Rules and various regulations pertaining to market abuse and buyback programs that came into effect post-Brexit.
Disclosure of Trade Breakdown
In line with best practices, Shell plc will provide complete visibility into the individual trades conducted by Citigroup on its behalf throughout the buyback initiative.
Media Inquiries and Company Information
For any media-related inquiries, please contact the following:
Media International: +44 (0) 207 934 5550
Media Americas: +1 832 337 4335
Legal Entity Identifier
The LEI number for Shell plc is 21380068P1DRHMJ8KU70.
Frequently Asked Questions
What is the purpose of the share buyback program?
The share buyback program aims to reduce the number of outstanding shares, potentially increasing earnings per share and providing a direct return to shareholders.
Who is responsible for executing the share buyback trades?
Citigroup Global Markets Limited has been appointed to make independent trading decisions for the program.
How will shareholders be informed about the buyback progress?
Shell plc commits to transparent reporting, providing detailed disclosures on individual trades made during the program.
What regulatory framework does the buyback program adhere to?
The program complies with both EU and UK Market Abuse Regulations, along with other relevant legislation to ensure legal integrity.
Where can I find Shell plc's financial information?
Investors can access financial information through Shell plc's official financial statements and investor resources online.
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