Transaction in Own Shares
Shell plc has announced share repurchases conducted on February 4, 2025, as part of its previously announced buyback programme. The company purchased:
- 1,040,000 shares on London exchanges (LSE and BATS) at prices between £26.0150 and £26.5550
- 680,000 shares on European exchanges (XAMS and CBOE DXE) at prices between €31.3950 and €32.0700
The purchases are part of Shell's share buy-back programme announced on January 30, 2025, which will run until April 25, 2025. Natixis is executing the trades independently within pre-set parameters, including both on-market and off-market transactions in accordance with UK and EU market regulations.
Shell plc ha annunciato il riacquisto di azioni effettuato il 4 febbraio 2025, nell'ambito del programma di riacquisto precedentemente annunciato. La società ha acquistato:
- 1.040.000 azioni sui mercati londinesi (LSE e BATS) a prezzi compresi tra £26.0150 e £26.5550
- 680.000 azioni sui mercati europei (XAMS e CBOE DXE) a prezzi compresi tra €31.3950 e €32.0700
Gli acquisti fanno parte del programma di riacquisto di azioni di Shell annunciato il 30 gennaio 2025, che si svolgerà fino al 25 aprile 2025. Natixis esegue le transazioni in modo indipendente all'interno di parametri predefiniti, incluse sia transazioni sul mercato che fuori dal mercato, in conformità con le normative del mercato del Regno Unito e dell'UE.
Shell plc ha anunciado la recompra de acciones realizada el 4 de febrero de 2025, como parte de su programa de recompra previamente anunciado. La compañía compró:
- 1.040.000 acciones en las bolsas de Londres (LSE y BATS) a precios entre £26.0150 y £26.5550
- 680.000 acciones en las bolsas europeas (XAMS y CBOE DXE) a precios entre €31.3950 y €32.0700
Las compras son parte del programa de recompra de acciones de Shell anunciado el 30 de enero de 2025, que se llevará a cabo hasta el 25 de abril de 2025. Natixis está ejecutando las operaciones de manera independiente dentro de parámetros preestablecidos, incluyendo tanto transacciones en el mercado como fuera del mercado, de acuerdo con las regulaciones del mercado del Reino Unido y la UE.
셸 plc는 2025년 2월 4일에 실시된 주식 매입을 발표했으며, 이는 이전에 발표한 자사주 매입 프로그램의 일환입니다. 회사는 다음을 매입했습니다:
- 런던 거래소(LSE 및 BATS)에서 £26.0150에서 £26.5550 사이의 가격으로 1,040,000주
- 유럽 거래소(XAMS 및 CBOE DXE)에서 €31.3950에서 €32.0700 사이의 가격으로 680,000주
이 매입은 2025년 1월 30일에 발표된 셸의 자사주 매입 프로그램의 일환으로, 2025년 4월 25일까지 진행됩니다. 나티시스는 영국 및 EU 시장 규정에 따라 미리 설정된 매개변수 내에서 독립적으로 거래를 실행하고 있습니다.
Shell plc a annoncé des rachats d'actions réalisés le 4 février 2025, dans le cadre de son programme de rachat déjà annoncé. L'entreprise a acheté :
- 1.040.000 actions sur les bourses de Londres (LSE et BATS) à des prix compris entre 26,0150 £ et 26,5550 £
- 680.000 actions sur les bourses européennes (XAMS et CBOE DXE) à des prix compris entre 31,3950 € et 32,0700 €
Ces achats font partie du programme de rachat d'actions de Shell annoncé le 30 janvier 2025, qui se poursuivra jusqu'au 25 avril 2025. Natixis exécute les transactions de manière indépendante dans le cadre de paramètres prédéfinis, y compris des transactions sur le marché et hors marché, conformément aux réglementations du marché britannique et de l'UE.
Shell plc hat den Aktienrückkauf bekannt gegeben, der am 4. Februar 2025 durchgeführt wurde, im Rahmen des zuvor angekündigten Rückkaufprogramms. Das Unternehmen erwarb:
- 1.040.000 Aktien an den Londoner Börsen (LSE und BATS) zu Preisen zwischen £26.0150 und £26.5550
- 680.000 Aktien an den europäischen Börsen (XAMS und CBOE DXE) zu Preisen zwischen €31.3950 und €32.0700
Die Käufe sind Teil des von Shell am 30. Januar 2025 angekündigten Rückkaufprogramms, das bis zum 25. April 2025 läuft. Natixis führt die Transaktionen unabhängig innerhalb vorgegebener Parameter durch, einschließlich sowohl Markt- als auch Off-Market-Transaktionen gemäß den Vorschriften des britischen und EU-Marktes.
- Ongoing share buyback program demonstrates strong capital return commitment to shareholders
- Substantial daily purchase volume indicates robust execution of the buyback program
- None.
Insights
Shell's latest share buyback execution demonstrates a sophisticated capital return strategy, with strategic purchases across multiple European trading venues totaling 1.72 million shares. The multi-venue approach, spanning LSE, BATS, XAMS and CBOE DXE, reflects an optimized execution strategy designed to enhance liquidity capture while minimizing market impact.
The transaction's structure, with varying volume distribution across venues (34.9% on LSE, 25.6% on BATS, 30.8% on XAMS and 8.7% on CBOE DXE), suggests a well-calibrated approach to maximize execution efficiency while maintaining price stability. The tight spread between highest and lowest prices paid across venues indicates disciplined execution parameters.
This buyback execution, managed independently by Natixis, is particularly noteworthy as it operates under both UK and EU regulatory frameworks post-Brexit, demonstrating Shell's commitment to maintaining highest governance standards across jurisdictions. The program's structure, with both on-market and off-market components, provides enhanced flexibility in capital return implementation.
For investors, this continuation of the buyback program signals strong free cash flow generation and management's confidence in the company's financial position. The systematic approach to share repurchases, with pre-set parameters and independent execution, typically supports more stable price discovery and potentially reduces volatility in trading patterns.
Transaction in Own Shares
04 February, 2025
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 04 February, 2025 it purchased the following number of Shares for cancellation.
Aggregated information on Shares purchased according to trading venue:
| Date of purchase | Number of Shares purchased | Highest price paid | Lowest price paid | Volume weighted average price paid per share | Venue | Currency |
| 04/02/2025 | 600,000 | | | | LSE | GBP |
| 04/02/2025 | 0 | - | - | - | Chi-X (CXE) | GBP |
| 04/02/2025 | 440,000 | | | | BATS (BXE) | GBP |
| 04/02/2025 | 530,000 | | | | XAMS | EUR |
| 04/02/2025 | 150,000 | | | | CBOE DXE | EUR |
| 04/02/2025 | 0 | - | - | - | TQEX | EUR |
These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 30 January 2025.
In respect of this programme, Natixis will make trading decisions in relation to the securities independently of the Company for a period from 30 January 2025 up to and including 25 April 2025.
The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (the “EU MAR Delegated Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time.
In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by Natixis on behalf of the Company as a part of the buy-back programme is detailed below.
Enquiries
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
Attachment
FAQ
How many shares did Shell (SHEL) repurchase on February 4, 2025?
What is the price range of Shell's (SHEL) share buyback on February 4, 2025?
When will Shell's (SHEL) current share buyback program end?
Who is executing Shell's (SHEL) share buyback trades?
