Shell plc Executes Strategic Share Buyback Measures
Shell plc's Latest Share Purchase Announcement
Transaction in Own Shares
The Company announces it has undertaken a significant share purchase aimed at strengthening its market position. This activity reflects Shell plc's commitment to generating value for its shareholders.
Details of the Shares Purchased
Recently, a round of transactions occurred involving the repurchase of shares, which will be canceled subsequently. The details of the various transactions completed include:
Aggregated Information on Shares
The purchases took place across multiple trading venues, with the following highlights:
- Date of Purchase: 14/02/2025
- Total Shares Purchased: 710,527
- Trading Locations: LSE, Chi-X, BATS, and XAMS
- Currencies Used: GBP and EUR
Shell will continue to operate within the established parameters for these purchase transactions and will uphold transparency as it moves forward.
Overview of the Buyback Program
These purchases are part of the previously announced share buyback program outlined on 30 January 2025. Under this structure, Natixis will independently manage trading decisions related to these shares until the conclusion of the program.
Market Impact and Strategy
The program encompasses both on-market and off-market transactions, allowing Shell to execute trades that align with market conditions efficiently. The on-market limb utilizes the Company’s general authority to repurchase shares, ensuring adherence to relevant regulations.
Additionally, for off-market transactions, the contracts with shareholders establish a framework to conduct buybacks effectively. Shell is committed to ensuring that all transactions comply with Chapter 9 of the UK Listing Rules.
Regulatory Compliance and Trade Breakdown
All activities are in line with the Market Abuse Regulation (MAR) principles, ensuring compliance with all appropriate guidelines. A comprehensive breakdown of trades executed by Natixis on behalf of Shell will be published as part of the UK MAR requirements.
This commitment to regulatory compliance is reflected in the Company’s internal policies, ensuring that shareholder interests are prioritized, fostering both trust and financial stability within the market.
Contact Information and Further Enquiries
For inquiries regarding this announcement, the press can reach out to the following numbers:
Media International: +44 (0) 207 934 5550
Media Americas: +1 832 337 4335
Additionally, the Legal Entity Identifier (LEI) for Shell plc is 21380068P1DRHMJ8KU70, reinforcing the authenticity of the information disseminated.
Frequently Asked Questions
What is the purpose of Shell's share buyback program?
The program is designed to enhance shareholder value by reducing the number of shares in circulation and returning capital to investors.
How does Shell ensure compliance with regulations during buybacks?
Shell adheres to the UK Listing Rules and EU MAR requirements, ensuring that all processes are transparent and lawful.
Who manages the trading decisions for Shell's buyback program?
The trading decisions during this program are managed independently by Natixis, which operates under the Company's guidelines.
How many shares did Shell repurchase recently?
A total of 710,527 shares were repurchased across various trading venues on 14 February 2025.
What platforms were used for the share repurchases?
Shares were purchased through the London Stock Exchange (LSE), Chi-X, BATS, and XAMS.
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