Transaction in Own Shares
Shell plc's Share Buyback Program
Shell plc has announced the purchase of shares for cancellation as part of its ongoing share buyback program.
Aggregated Information on Shares Purchased
Below is the aggregated information regarding the shares purchased, categorized by trading venue:
Details of Share Purchases
Date of purchase: 23/08/2024
The specifics of the shares purchased are as follows:
- 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
Additional trades executed include:
- 785,310 shares acquired at an average price of €32.2607 on the XAMS platform.
- No shares were purchased on the Chi-X (CXE) and BATS (BXE) platforms, ensuring transparent trading activities.
Execution and Oversight of the Buyback Program
These share purchases are part of Shell plc's ongoing buyback program, which was first announced at the beginning of the month. Citigroup Global Markets Limited has been appointed to make independent trading decisions regarding these securities from the start until the buyback period concludes.
Market Regulations Compliance
The buyback program complies with standard market regulations, including the guidelines for on- and off-market share repurchases.
Participation of Citigroup Global Markets Limited
Throughout this buyback program, Citigroup will operate independently, ensuring that all trades adhere to the terms approved by shareholders and the established parameters.
Market and Legal Considerations
This initiative fully complies with Chapter 12 of the Listing Rules and various regulations related to market abuse and buyback programs that were implemented after Brexit.
Disclosure of Trade Breakdown
In accordance with best practices, Shell plc will ensure complete transparency regarding the individual trades executed by Citigroup on its behalf during the buyback initiative.
Media Inquiries and Company Information
For media inquiries, please reach out to:
Media International: +44 (0) 207 934 5550
Media Americas: +1 832 337 4335
Legal Entity Identifier
Shell plc's LEI number is 21380068P1DRHMJ8KU70.
Frequently Asked Questions
What is the purpose of the share buyback program?
The share buyback program is designed to decrease the number of outstanding shares, which may enhance earnings per share and provide a direct return to shareholders.
Who is responsible for executing the share buyback trades?
Citigroup Global Markets Limited has been tasked with making independent trading decisions for the buyback program.
How will shareholders be informed about the buyback progress?
Shell plc is committed to transparent reporting and will provide detailed disclosures on each trade conducted during the program.
What regulatory framework does the buyback program adhere to?
The program follows both EU and UK Market Abuse Regulations, along with other relevant legislation to ensure compliance.
Where can I find Shell plc's financial information?
Investors can find financial information through Shell plc's official financial statements and investor resources available online.
