Shell plc Announces Share Buy-Back Transactions
Transaction in Own Shares
Shell plc (the ‘Company’) has announced its recent share purchases aimed at cancellation, which are part of its ongoing share buy-back programme.
Overview of Recent Transactions
Recently, Shell plc completed a series of share purchases designed to enhance shareholder value. These transactions were carried out under the existing buy-back programme that was initially communicated on 1 August 2024. The aggregated data shows that on 26 August 2024, a number of shares were acquired through various trading venues.
Details of Share Purchases
Here are the specifics of the share purchases, categorized by trading venue:
- Date of Purchase: 26/08/2024
- Number of Shares Purchased: 777,288
- Highest Price Paid: €32.8700
- Lowest Price Paid: €32.3250
- Average Price Paid Per Share: €32.6124
- Venue: XAMS
- Currency: EUR
Additionally, transactions were executed on other platforms such as Chi-X, BATS, CBOE DXE, and TQEX, showcasing Shell plc's strategic engagement in the market and its commitment to liquidity management.
Execution of the Buy-Back Programme
In line with the company’s strategy, Citigroup Global Markets Limited has been appointed to handle trading decisions related to the share purchases. This operational phase began on 1 August 2024, with Citigroup making independent decisions until 25 October 2024. This arrangement enables Shell plc to adopt a proactive stance on share repurchases while adhering to established regulations.
On-Market and Off-Market Activities
The buy-back programme encompasses both on-market and off-market transactions. The on-market activities follow predetermined parameters in accordance with the general authority granted for share repurchases. In contrast, off-market transactions are executed based on the approved buyback contract parameters set by the shareholders. All activities are fully compliant with Chapter 12 of the Listing Rules and relevant EU and UK Market Abuse Regulations.
Compliance and Regulatory Framework
The ongoing share buy-back transactions are in full alignment with the regulations governing market conduct and practices. Compliance with the EU Market Abuse Regulation (596/2014/EU) and its UK equivalent ensures transparent reporting of transactions and adherence to market operations. A detailed breakdown of all trades executed by Citigroup Global Markets Limited on behalf of Shell plc is available, ensuring thorough documentation and accountability in line with these regulations.
Contact Information for Inquiries
Shell plc invites any inquiries regarding the share buy-back programme to be directed to the media contacts:
- Media International: +44 (0) 207 934 5550
- Media Americas: +1 832 337 4335
Furthermore, Shell plc's LEI number is 21380068P1DRHMJ8KU70, confirming its identity in transactions.
Frequently Asked Questions
What is the purpose of Shell's share buy-back programme?
The purpose of Shell's share buy-back programme is to return value to shareholders by strategically purchasing shares to decrease the total number in circulation.
Who is responsible for managing Shell's share buy-back transactions?
Citigroup Global Markets Limited is in charge of making trading decisions regarding the share purchases on behalf of Shell plc.
How do the share purchases align with regulatory requirements?
Shell’s buy-back activities are conducted in compliance with EU Market Abuse Regulations and UK laws, ensuring fairness and transparency in the market.
What information is available from the recent transactions?
Recent transactions provide details on the volume and pricing of shares purchased, including the venues and dates, offering insight into the buy-back activities.
How can I contact Shell for more information?
For inquiries about the share buy-back programme, you can reach out to Shell’s media representatives directly using the provided phone numbers.
