Shell plc Reports Comprehensive Share Purchase Details

Shell plc Share Purchase Details Announcement

Shell plc (the 'Company') recently announced significant share transactions aimed at share cancellation and enhancing shareholder value. This announcement marks an important step in their ongoing share buy-back program which aims to repurchase shares under established parameters.

Overview of Share Purchases

On a notable date, the Company executed several share purchase transactions across different trading venues. A total of 1,023,000 shares were purchased on this date alone, demonstrating Shell's commitment to optimizing its capital structure and returning value to shareholders.

Aggregated Share Purchase Data

Here are the details of the shares purchased:

Trading Venue Breakdown

The transactions included shares purchased at various prices across multiple exchanges:

• LSE: 1,023,000 shares at a volume-weighted average price of £26.0541.
• Chi-X (CXE): Shares were also traded, though there were no shares purchased on this exchange during the same transaction period.
• BATS (BXE): Similar results were noted with no shares purchased.
• XAMS: An impressive 650,000 shares were traded at an average price of €31.6149, indicating shareholder confidence.
• CBOE DXE: A transaction reported with no trades occurring, showcasing a selective buy-back approach across markets.

Purpose of Share Buy-Back Program

This series of share purchases are part of Shell's broader share buy-back program, which was originally announced previously. The initiative aims to execute the buy-back both on-market and off-market, while ensuring all transactions comply with relevant regulations.

Independent Trading Decisions

In managing this program, Citigroup Global Markets Limited has been authorized to make independent trading decisions regarding the securities on behalf of the Company. This arrangement allows for a more effective execution strategy, aligning with Shell's financial objectives.

Regulatory Compliance

Shell's buy-back program operates in compliance with the UK Listing Rules as well as the Market Abuse Regulation (MAR). These safeguards ensure that all trading activities are conducted transparently and responsibly, reflecting the Company's dedication to ethical practices.

Future Expectations

As the buy-back program unfolds, Shell is expected to provide further updates on its progress and additional transaction details. With ongoing monitoring by Citigroup, stakeholders can remain informed about the outcomes of the Company’s efforts to manage its capital effectively.

Contact Information for Inquiries

For further information, interested parties can reach the Company via:

• Media International: +44 (0) 207 934 5550
• Media Americas: +1 832 337 4335
• LEI number of Shell plc: 21380068P1DRHMJ8KU70

Frequently Asked Questions

What is the purpose of the share buy-back program?

The share buy-back program aims to improve shareholder value by reducing the number of outstanding shares and enhancing earnings per share.

Who manages the trading decisions for the buy-back?

Citigroup Global Markets Limited has been given the authority to make independent trading decisions for Shell's share buy-back program.

How many shares were purchased during the recent transactions?

A total of 1,023,000 shares were purchased on the reported date; additional transactions included a significant number on different venues.

What exchanges were involved in these share purchases?

The shares were purchased across various exchanges including LSE, Chi-X, and BATS, among others, highlighting active management of Shell's buy-back.

Is the buy-back program compliant with regulations?

Yes, Shell's buy-back program is implemented in accordance with UK Listing Rules and the Market Abuse Regulation (MAR), ensuring regulatory compliance.

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