Shell plc Confirms Recent Share Buyback Transactions

Updates on Shell plc Share Buyback Activities

Shell plc, known for its global operational presence in the energy sector, recently disclosed details regarding its share buyback program. This initiative showcases the company's strategic approach to enhancing shareholder value by repurchasing its own shares.

Overview of Recent Share Purchases

On 18 November 2024, Shell plc executed several notable transactions aimed at share cancellation. This move aligns with the company's ongoing buyback strategy, which has been positively received by investors.

Overview of the Transactions

During the latest buyback operations, Shell purchased a total of 1,150,000 shares at a range of prices, maximizing investment efficiency and showcasing a commitment to its shareholders. The buybacks were conducted on the London Stock Exchange (LSE) using a series of pre-arranged protocols based on market conditions.

Insights into the Buyback Program

These share repurchases are part of a broader strategy the Company had announced back in late October. By utilizing Citigroup Global Markets Limited, Shell will continue these transactions independently, maintaining a disciplined approach and adhering to regulatory frameworks.

Market Implications of the Buyback Moves

The buyback was conducted under specific guidelines that the company set forth, emphasizing a transparent and accountable process. This is a critical initiative under Shell's financial strategy, particularly in the face of current market volatility.

Details of the Buyback Programme

The overall mechanism of the buyback includes both on-market and off-market operations, governed by the general authority established in previous approvals from shareholders. The share buyback is in full compliance with the UK Listing Rules and the relevant Market Abuse Regulations, ensuring both legal adherence and public transparency.

Expected Outcomes of the Buyback Program

By actively engaging in this buyback program, Shell aims to stabilize its stock prices, return excess capital to shareholders, and increase earnings per share. These operational strategies reflect the company's ongoing commitment to delivering shareholder value amidst evolving market dynamics.

Conclusion and Contact Information

The latest developments from Shell plc signal a robust financial strategy focusing on shareholder benefits. With ongoing plans and a clear execution strategy in place through Citigroup, investors can look forward to further enhancement in their investment outcomes.

For any media inquiries related to these transactions, please 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

Frequently Asked Questions

What is the purpose of Shell plc's share buyback program?

The share buyback program aims to enhance shareholder value by reducing the number of outstanding shares, which can lead to an increase in earnings per share.

How many shares did Shell repurchase recently?

Shell recently repurchased a total of 1,150,000 shares during its latest buyback operation.

What markets were involved in these transactions?

The transactions were executed primarily on the London Stock Exchange (LSE) as part of Shell’s buyback strategy.

Who is managing the share buyback program?

Citigroup Global Markets Limited is managing the trading aspects of the share buyback program independently of Shell plc.

How does the buyback affect shareholders?

The buyback is expected to provide significant returns for shareholders by potentially increasing the value of remaining shares and enhancing overall shareholder returns.

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