Shell plc Announces Share Buy-Back Program
Transaction in Own Shares
Shell plc (the ‘Company’) has announced that it has bought back shares for cancellation as part of its ongoing buy-back program.
Details of Shares Purchased
Aggregated information on shares purchased according to trading venue:
Date of Purchase: 21/08/2024
Number of Shares Purchased: 808,888
Highest Price Paid: £27.2700
Lowest Price Paid: £27.0100
Volume Weighted Average Price Per Share: £27.1608
Venue: LSE
Currency: GBP
Trading Decisions and Parameters
These share purchases are part of the Company’s previously announced share buy-back program. Citigroup Global Markets Limited will be responsible for making independent trading decisions regarding these securities until a specified date.
On-Market and Off-Market Transactions
The on-market transactions will occur within specific parameters that have been established. Off-market transactions will be conducted in accordance with the buy-back contract that has received shareholder approval.
Regulatory Compliance
This share buy-back program is compliant with the applicable rules and regulations that govern such activities, ensuring that all regulatory standards are met.
Contact Information
If you have any questions about this buy-back program, please reach out to:
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 plc's share buy-back program?
The purpose is to effectively manage and optimize the Company's capital structure while delivering returns to shareholders.
Who is making the trading decisions for the buy-back program?
Citigroup Global Markets Limited is responsible for making independent trading decisions related to the shares involved in the buy-back program.
How many shares were purchased on August 21, 2024?
On that date, a total of 808,888 shares were purchased for cancellation.
What was the highest price paid per share during this transaction?
The highest price paid for a share during this transaction was £27.2700.
How does this buy-back program align with regulatory standards?
The program is conducted in accordance with Chapter 12 of the Listing Rules and adheres to the relevant guidelines set forth by the Market Abuse Regulation.