Shell plc's Recent Share Purchase Activity Explained
Shell plc Engages in Strategic Share Buy-Back
Shell plc, a leading global energy company, has announced significant activity regarding its own shares. On a recent date, the company executed purchases as part of its ongoing buy-back program aimed at enhancing shareholder value.
Details of the Share Purchases
During the recent buy-back transactions, Shell plc purchased a total of 855,000 shares at a highest price of £25.59 each and a lowest price of £25.22, signaling strong market confidence. Another set of 830,000 shares was acquired with respective pricing slightly below in Euros, demonstrating the company's commitment to share repurchase strategies.
Purchase Breakdown by Trading Venue
Here's a snapshot of the shares purchased and other related trading information:
- Date of Purchase: 06 September 2024
- Total Shares Purchased: 1,685,000
- Average Prices: £25.40 and €30.48
- Trading Venues: LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX
- Currencies: GBP and EUR
Share Buy-Back Program Overview
This buy-back endeavor plays a vital role within Shell's broader strategic framework, allowing it to manage its capital efficiently. The program follows significant parameters already established and allows Citigroup Global Markets Limited to make independent trading decisions.
Compliance and Regulations
Shell's buy-back actions adhere firmly to the regulations under Chapter 12 of the Listing Rules alongside various market abuse regulations. The compliance ensures transparency and promotes fair trading practices across the market.
Conclusion
With these recent transactions, Shell plc clearly illustrates its commitment to returning value to shareholders. The buy-back program not only demonstrates confidence in the company’s future prospects but also serves as a mechanism to maintain market stability.
For further inquiries about Shell's corporate actions, the company can be contacted through their media divisions:
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 Shell's share buy-back program?
The program aims to return value to shareholders and manage capital effectively while supporting stock prices.
How many shares did Shell plc buy back on this occasion?
Shell plc repurchased a total of 1,685,000 shares in their recent transactions.
What were the highest and lowest prices per share during the purchases?
The highest price paid was £25.59, while the lowest was £25.22.
Which trading venues were involved in these purchases?
Purchases were made across venues such as LSE, Chi-X, BATS, and XAMS, among others.
Who can inquiries about these transactions be directed to?
Inquiries can be sent to Shell’s media contacts listed for more information regarding the buy-back activities.
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