Understanding Voting Rights and Capital in Shell plc
Total Voting Rights Overview
In the realm of corporate governance, voting rights play a crucial role in empowering shareholders. This document informs the market about key aspects related to voting rights and the overall capital structure of Shell plc.
Current Capital Structure
As of a recent date, Shell plc's capital consists of 6,224,278,848 ordinary shares with a nominal value of €0.07 each. It's notable that Shell does not retain any shares in Treasury, providing a clear picture of its share distribution.
Importance of the Current Share Total
The share figure of 6,224,278,848 serves as a critical denominator for shareholders. When determining whether to notify their interest or any changes to their interest in Shell plc, shareholders must use this number in accordance with the regulatory requirements set forth by the FCA’s Disclosure Guidance and Transparency Rules.
Share Buy-Back Programme Insight
This announcement also addresses a key component of Shell plc’s financial strategy: its share buy-back program. The aforementioned figure includes shares that have been repurchased as part of this initiative but have not yet been cancelled, highlighting Shell's ongoing commitment to managing its capital efficiently.
Media Relations Information
For further inquiries regarding this announcement or to gain deeper insights into Shell plc’s operations, stakeholders can reach out to Shell Media Relations. Their international contact number is +44 (0)20 7934 5550. This channel is essential for obtaining timely and accurate information regarding the company.
Legal Entity Identifier
The Legal Entity Identifier (LEI) for Shell plc is 21380068P1DRHMJ8KU70. This identifier is an important tool for financial transactions, furthering transparency and accountability within the markets.
Classification of the Announcement
This communication falls under the classification of total voting rights and capital, essential for shareholders who need to ensure compliance with regulatory frameworks.
Frequently Asked Questions
What are total voting rights?
Total voting rights refer to the number of shares that provide shareholders with the right to vote on company matters, such as board elections and strategic decisions.
How many shares does Shell plc currently have?
As of the latest announcement, Shell plc has 6,224,278,848 ordinary shares outstanding.
Why is the share buy-back programme important?
The share buy-back program is crucial as it can enhance shareholder value by reducing the number of shares in circulation, potentially increasing the share price.
How can shareholders determine their interest in Shell plc?
Shareholders must use the total number of voting rights to ascertain whether they need to notify the company of their interest levels or any changes therein.
Who can I contact for more information about Shell plc?
For inquiries, you can reach Shell Media Relations at +44 (0)20 7934 5550 for any media or shareholder-related questions.
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