Shell's Recent Share Buy-Back Activity and Strategy Explained

Shell plc Announces Share Buy-Back Program Details

Shell plc has recently communicated important updates regarding its ongoing share buy-back program. This initiative indicates the Company’s commitment to managing its equity structure smartly and enhancing shareholder value. As of the latest announcement, the Company has confirmed the purchase of numerous shares aimed at cancellation, and this is part of a structured approach to manage outstanding shares effectively.

Details on Share Transactions

The shares purchased for cancellation were recorded on 20 September, with totals and trading venues carefully documented for transparency. Shell's strategy encompasses both on-market and off-market purchases, which comply with regulatory guidelines and ensure shareholder interests remain paramount.

Aggregated Purchase Information

On 20 September, the Company bought 898,705 shares on the London Stock Exchange (LSE) with prices varying throughout the day. The highest price recorded was £25.7950 while the lowest was £25.4950, demonstrating active engagement with the market. The overall volume-weighted average price was approximately £25.6351.

Off-market Transactions

In addition to on-market purchases, Shell oversees selected off-market transactions through venues like Chi-X and BATS, which further diversifies their approach to share buy-backs. These activities underline the flexibility and responsiveness of Shell's financial strategy in a dynamic market landscape.

Continued Commitment to Shareholder Value

This share buy-back initiative has been framed within the context of a broader strategy previously outlined on 1 August. Shell plc delegates trading decisions to Citigroup Global Markets Limited for the duration of the program, allowing informed trading decisions while remaining aligned with market demands.

Shareholder benefit remains central, as Shell aims to balance investment in growth, returns from share repurchases, and dividends. These efforts are an essential part of Shell's initiative to sustain and boost market confidence in its financial stability.

Regulatory Compliance and Market Impact

The execution of the buy-back program will adhere to established regulations found in Chapter 12 of the Listing Rules and align with the Market Abuse Regulation (UK MAR and EU MAR). This thorough compliance ensures that all share transactions are conducted with integrity and in accordance with legal frameworks.

Company Contact Information

For further inquiries or more detailed information about Shell's operations and strategies in the share market, interested parties can reach out through the following contacts:

Media International: +44 (0) 207 934 5550

Media Americas: +1 832 337 4335

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Frequently Asked Questions

What is the purpose of Shell's share buy-back program?

Shell's buy-back program aims to manage its equity effectively, enhance shareholder value, and reflect confidence in its business strategies.

How many shares did Shell buy back recently?

Shell purchased 898,705 shares on the London Stock Exchange on 20 September.

Who manages the trading decisions for Shell's buy-back program?

Citigroup Global Markets Limited has been entrusted to make independent trading decisions as part of the program.

What regulatory compliance measures are in place?

The buy-back program adheres to Chapter 12 of the Listing Rules and relevant Market Abuse Regulations to ensure legal compliance.

How does Shell ensure shareholder value?

Through a combination of grow investments, return strategies like buy-backs, and dividend offerings, Shell aims to maintain and enhance shareholder value.

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