Shell plc Makes Strategic Purchase of Own Shares for Cancellation

Shell plc's Recent Share Buyback Activity

Shell plc, a leader in the global energy sector, has recently announced a substantial acquisition of its own shares aimed at cancellation. This strategic move reflects the Company's commitment to improving shareholder value and aligning with its long-term financial goals.

Summary of Share Transactions

On a recent date, Shell plc purchased a noteworthy number of shares from various trading venues. The aggregated data regarding these transactions showcases the Company's efforts to manage its share capital efficiently. This initiative is part of Shell's established buyback program, which is designed to strengthen its market position and provide returns to shareholders.

Details of the Shares Purchased

In the latest round of transactions, Shell's share buyback program led to the acquisition of 1,300,000 shares at a high price of £25.5450 and a low price of £25.2750, resulting in a volume-weighted average price paid of £25.4188. These purchases were executed through the London Stock Exchange and other recognized trading platforms, showcasing a diverse strategy in achieving optimal pricing.

Regulatory Compliance and Programme Management

The share buyback program, which commenced on 31 October, is being managed according to strict regulatory standards under both EU and UK market regulations. Citigroup Global Markets Limited, an established financial institution, is responsible for making independent trading decisions for this program until 24 January of the following year. This involvement ensures that all purchases are executed in line with market rules, maintaining transparency and compliance.

Importance of Share Buybacks

Buybacks serve as an effective tool for companies to maximize shareholder value. By reducing the number of outstanding shares in circulation, Shell seeks to increase the earnings per share (EPS) and enhance the overall market perception of the Company's financial health. This not only rewards existing shareholders but also attracts potential investors looking for stability and growth.

Continuing Commitment to Shareholders

Shell plc's share buyback initiative is just one facet of its broader commitment to shareholder returns. The Company has consistently engaged in methods aimed at increasing its attractiveness as an investment. The current program, conducted within certain pre-set parameters and approved by shareholders, fortifies the Company’s standing as a responsible and value-driven organization.

By adhering to both the EU MAR and the UK's equivalent regulations, Shell ensures that all transactions are conducted ethically, promoting confidence among investors and the market alike. The active management of the buyback program is a testament to Shell's readiness to adapt to current market conditions while adhering to best practices.

Contact Information

For further inquiries, stakeholders can reach out to the media relations teams:

Media International: +44 (0) 207 934 5550

Media Americas: +1 832 337 4335

Frequently Asked Questions

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

The program aims to enhance shareholder value by reducing the number of outstanding shares and improving earnings per share.

How many shares did Shell plc purchase recently?

Shell plc purchased 1,300,000 shares, along with additional transactions at varying prices.

Who manages Shell’s share buyback program?

The program is managed by Citigroup Global Markets Limited, which makes independent trading decisions.

What regulations govern Shell’s buyback program?

The program is conducted in accordance with the EU Market Abuse Regulation (MAR) and UK regulations that govern such buybacks.

How do share buybacks affect shareholders?

Share buybacks typically increase the value of remaining shares by reducing the overall share count, which can lead to higher earnings per share and potentially increase dividends.

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