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Shell plc Engages in Share Buy-Back Program

Shell plc Engages in Share Buy-Back Program

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.

About The Author

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/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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