Shell plc Expands Share Buyback Initiative with New Trades

Overview of Recent Share Transactions

Shell plc, a leading company in the energy sector, has announced recent developments regarding its share buyback program. On a designated day, the Company executed multiple transactions aimed at repurchasing its own shares for cancellation. This strategic move reflects Shell's commitment to enhancing shareholder value and optimizing its capital structure.

Details of Share Purchases

The specifics of the shares acquired were disclosed in a summary table showcasing relevant data, including purchase dates, share volumes, and price ranges. On one particular date, a substantial number of shares were acquired, totaling 869,457. The highest price paid for these shares was reported at £25.4050, while the lowest dipped to £25.0050, illustrating the active trading conditions on that day.

Transaction Highlights

• Date: 11 September 2024
• Total Shares Purchased: 869,457
• Price Range: £25.0050 - £25.4050
• Average Price: £25.2337
• Trading Venue: London Stock Exchange (LSE)
• Currency: GBP

Adhering to Buyback Parameters

This purchasing activity is part of Shell plc's ongoing share buyback initiative, which was previously established. As part of this program, the Company has appointed Citigroup Global Markets Limited to independently manage trading decisions related to its securities. This arrangement is set to be in effect for an extended period, ensuring that the buybacks are executed efficiently and in alignment with established guidelines.

Operational Guidelines

The on-market element of the share buyback will be conducted under specified parameters, adhering to Shell's general authority for share repurchases. Meanwhile, the off-market aspect of the program will comply with regulations outlined in the approved buyback contract, ensuring that all trading activities remain lawful and transparent in accordance with Chapter 12 of the Listing Rules.

Regulatory Compliance and Future Plans

Furthermore, Shell’s share buyback program is being executed in strict compliance with both EU MAR and the UK MAR regulations. This regulatory adherence is critical for maintaining investor confidence and ensuring that the Company's trading practices align with ethical standards and industry guidelines.

Monitoring Shareholder Interests

By engaging in these share transactions, Shell plc aims to safeguard and enhance the interests of its shareholders, showcasing a proactive approach to managing its financial resources. The initiative not only improves the capital structure but also reaffirms the Company’s dedication to maximizing shareholder returns amidst a dynamic market environment.

Contact Information for Inquiries

For additional details regarding Shell plc's share buyback program or related queries, the Company has made specific contact numbers available:

• Media International: +44 (0) 207 934 5550
• Media Americas: +1 832 337 4335

These contacts can assist with inquiries and provide further insights into the Company's financial strategies and upcoming initiatives.

Frequently Asked Questions

What is Shell plc's recent share buyback program?

The recent program involves repurchasing shares to improve shareholder value and optimize the company's capital structure.

How many shares were purchased during the latest transaction?

A total of 869,457 shares were repurchased in the latest transaction reported by Shell plc.

Who manages the trading decisions for Shell's buyback program?

Citigroup Global Markets Limited has been appointed to independently make trading decisions related to the share buyback program.

What regulations govern Shell plc's buyback programs?

Shell's buyback programs are conducted in compliance with both EU MAR and UK MAR regulations to ensure ethical and transparent practices.

How do share buybacks benefit shareholders?

Share buybacks enhance shareholder value by reducing the number of shares outstanding, which can lead to an increase in earnings per share and stock price.

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