Shell Plc Announces Share Purchase Details on 03 September
![Shell Plc Announces Share Purchase Details on 03 September](https://investorshangout.com/images/blog/ihnews-Shell%20Plc%20Announces%20Share%20Purchase%20Details%20on%2003%20September.jpg)
Shell plc Announces Share Purchase Details
Shell plc, a prominent player in the global energy market, recently disclosed significant movements in its share buy-back programme. This initiative is aimed at enhancing shareholder value and reflects the company's commitment to maintaining a strong market presence.
Recent Share Purchases
On September 3, 2024, Shell plc executed a series of transactions involving its own shares. A total of 825,698 shares were purchased for cancellation on that day, showcasing the Company's proactive strategy to leverage market conditions.
Details of the Purchase
Below is a summary of the key details surrounding this buy-back event:
- Date of Purchase: September 3, 2024
- Total Shares Purchased: 825,698
- Highest Price Paid: £26.9100
- Lowest Price Paid: £26.1250
- Average Price per Share: £26.3721
- Trading Venue: London Stock Exchange (LSE)
- Currency: GBP
Compliance and Strategic Overview
This buy-back programme is part of an overarching strategy initiated on August 1, 2024. During this time, Citigroup Global Markets Limited has been entrusted with the authority to make independent trading decisions regarding these securities.
Long-term Commitment to Shareholders
Shell's actions are designed to align with its long-term growth objectives. By committing to share repurchases, the company not only indicates confidence in its future prospects but also aims to manage its capital structure efficiently. The transactions proceed under pre-set parameters established in line with regulatory compliance, ensuring that they align with both EU and UK market regulations.
Additional Context on Regulations
The share buy-back adheres to the stipulations laid out in Chapter 12 of the Listing Rules and the Market Abuse Regulations (EU MAR and UK MAR). These regulations govern the process to ensure transparency and accountability at every stage of the trading activity.
Future Directions
As Shell continues to navigate the complexities of the market, these buy-back initiatives are crucial for bolstering investor confidence and providing a sustained return on investment.
Contact Information
For further inquiries, stakeholders can reach out to the following contacts:
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
What is the purpose of Shell's share buy-back programme?
The buy-back programme aims to enhance shareholder value and manage the company's capital structure more effectively.
How many shares did Shell purchase on September 3, 2024?
Shell purchased 825,698 shares for cancellation on that date.
What price range did Shell pay for the shares?
The highest price paid was £26.9100, while the lowest was £26.1250.
Which market venues are involved in these transactions?
The shares were primarily traded on the London Stock Exchange (LSE) and included transactions in EUR through various other platforms.
Who is managing Shell's trading decisions for the buy-back?
Citigroup Global Markets Limited is responsible for making independent trading decisions related to this programme.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- ParaZero Reports Strong Progress and Financial Performance
- Rani Therapeutics Set for Key Investor Conferences in September
- Corvus Pharmaceuticals to Showcase Innovations at Investment Event
- Silexion Therapeutics to Showcase Innovations at Investment Conference
- ADC Therapeutics Grants Stock Options to New Employees
- Aura Biosciences Hosts Urologic Oncology Investor Event
- Elutia Inc. Engages Investors at Major Conferences Soon
- Richtech Robotics Completes $21 Million Public Offering Successfully
- Counterpart Health Partners with The Iowa Clinic for AI Innovation
- Avid Bioservices Announces Q1 Fiscal 2025 Results Report Date
- Phillips Edison & Company Boosts Monthly Dividends to $0.1025
- Codexis to Showcase Innovations at Major Healthcare Events
- Class Action Filed Against Stellantis N.V. (NYSE: STLA)
- Extreme Networks Faces Class Action Lawsuit Amidst Allegations
- Methode Electronics Faces Class Action for Securities Fraud
- Pomerantz Law Firm Files Class Action Against Symbotic Inc. SYM
- Class Action Lawsuit Filed Against ODDITY Tech Ltd. Investors
- Pomerantz Law Firm Files Class Action Against Outset Medical, Inc.
- Endava plc Faces Class Action Lawsuit for Securities Fraud
- Pomerantz Law Firm Files Class Action Against DexCom, DXCM
- Class Action Filed Against PDD Holdings, Inc. - What You Need to Know
- UK and EU Strengthen Ties to Boost Economic Cooperation
- BofA Predicts ECB Rate Cuts Amid Sluggish Economic Recovery
- Berkshire Hathaway Cuts BofA Stake by Over $6 Billion
- Nvidia Shares Drop as Chip Index and AI Optimism Wanes
Recent Articles
- Aura Biosciences Hosts Urologic Oncology Investor Event
- Trucking Industry Sees Wage Growth Despite Economic Challenges
- Fucoidan Market Growth in Health Awareness and AI Trends
- Investors Urged to Participate in MongoDB Securities Case
- Century Complete Launches Affordable New Homes in Radcliff
- Unlocking Home Equity: A Pathway to Financial Growth
- American Institutes for Research Takes Charge of OPTN Upgrade
- US Markets Face Turmoil Amidst Economic Concerns and AI Trends
- Alliance Trust PLC Updates Share Buyback Details Today
- Strategic Insights on Dental Membership Plans from Plan Forward
- Crown Aesthetics Unveils FDA-Cleared SkinPen Precision Elite
- DataFeedWatch by Cart.com Launches Native AI for Feed Management
- Super Micro Computer Responds to Hindenburg's Allegations
- Fuel for a Cause: Peninsula Bridge Partners with Shell and Loop
- Citi Predicts 125,000 Jobs in NFP, Foresees Fed Rate Cut
- Papaya Global Reinvents Payroll with Innovative Tech-First Solution
- Park Street A/S Announces Significant Shareholding Changes
- ISA Launches New Enterprise-Control System Integration Certificate
- Cambridge Judge Launches Family Business Leadership Programme
- RecycLiCo Battery Materials Appoints Dr. Maryam Rasouli as Principal Engineer
- BW Offshore Adjusts Convertible Bonds for Shareholders' Dividend
- Plumas Bank Unveils 2024 Corporate Citizenship Insights
- Robinhood to Share Insights at Goldman Sachs Conference
- Avenue Therapeutics Announces Participation in Investor Conferences
- Century Lithium Reports High Purity Lithium Carbonate Results