Shell plc Updates on Significant Share Buy-Back Activity
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Shell plc Announces Share Buy-Back Program Progress
Shell plc (the ‘Company’) has recently taken significant steps in managing its share capital through a series of transactions executed as part of its share buy-back program.
Details of Recent Share Transactions
In a recent acquisition of shares for cancellation, Shell plc reported the purchase of 844,835 shares on September 4. The details reveal the highest price paid was £26.12 and the lowest was £25.66 per share. Furthermore, the volume weighted average price per share was recorded as £25.89.
Trading Venue Breakdown
The purchases were facilitated through various trading venues, including the London Stock Exchange (LSE) and Chi-X (CXE). This demonstrates the Company's commitment to executing such strategic trades by utilizing multiple platforms to maximize value.
Expanded Share Buy-Back Programme Insight
This series of transactions represents the on- and off-market legs of the Company’s existing buy-back initiative, which was officially announced on August 1. Citigroup Global Markets Limited is responsible for making independent trading decisions in relation to the securities as part of this operational mandate.
Regulatory Compliance
Shell’s program aligns with necessary financial regulations including UK and EU Market Abuse Regulations (MAR). The structured buy-back approach ensures compliance with legislation aimed at preserving market integrity and investor protection.
Contact Information and Further Inquiries
For inquiries regarding this program, Shell plc invites stakeholders to contact its media teams. Media International can be reached at +44 (0) 207 934 5550, while the Americas media team is available at +1 832 337 4335. The company's LEI number is 21380068P1DRHMJ8KU70.
Frequently Asked Questions
What is the primary purpose of Shell's share buy-back program?
The program aims to redistribute capital to shareholders while managing the number of shares in circulation.
How often does Shell plc report on its share buy-back activities?
Shell plc reports share buy-back activities periodically, aligned with its trading operations and regulatory requirements.
Who oversees the trading decisions in Shell's buy-back program?
Citigroup Global Markets Limited is tasked with making independent trading decisions pertaining to the buy-back program.
Where are Shell's shares traded?
Shell plc shares are primarily traded on the LSE, but also on platforms like Chi-X and other European exchanges including the Amsterdam Stock Exchange.
What is the significance of the share buy-back program for investors?
Share buy-backs can enhance shareholder value through increased earnings per share and can provide a return of capital to shareholders.
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