Transaction in Own Shares
Shell plc (SHEL) announced on 16 October 2024 that it purchased 919,780 shares on the London Stock Exchange at a volume-weighted average price of £25.3733 per share, and 954,200 shares on Euronext Amsterdam at a volume-weighted average price of €30.6535 per share. These purchases are part of the company's existing share buy-back programme announced on 1 August 2024.
The programme includes both on-market and off-market limbs, with Citigroup Global Markets making independent trading decisions from 1 August to 25 October 2024. The buyback is conducted in accordance with UK and EU regulations, including the Market Abuse Regulation and the Commission Delegated Regulation.
Shell plc (SHEL) ha annunciato il 16 ottobre 2024 di aver acquistato 919.780 azioni sulla Borsa di Londra a un prezzo medio ponderato per volume di £25,3733 per azione, e 954.200 azioni su Euronext Amsterdam a un prezzo medio ponderato per volume di €30,6535 per azione. Questi acquisti fanno parte del programma di riacquisto di azioni esistente dell'azienda annunciato il 1° agosto 2024.
Il programma comprende sia operazioni sul mercato che fuori mercato, con Citigroup Global Markets che prende decisioni di trading indipendenti dal 1° agosto al 25 ottobre 2024. Il riacquisto avviene in conformità con le normative del Regno Unito e dell'UE, inclusa la Regolamentazione sul mercato degli abusi e il Regolamento delegato della Commissione.
Shell plc (SHEL) anunció el 16 de octubre de 2024 que compró 919.780 acciones en la Bolsa de Londres a un precio medio ponderado por volumen de £25,3733 por acción, y 954.200 acciones en Euronext Ámsterdam a un precio medio ponderado por volumen de €30,6535 por acción. Estas compras son parte del programa de recompra de acciones existente de la empresa anunciado el 1 de agosto de 2024.
El programa incluye tanto operaciones en el mercado como fuera de él, con Citigroup Global Markets tomando decisiones comerciales independientes desde el 1 de agosto hasta el 25 de octubre de 2024. La recompra se lleva a cabo de acuerdo con la normativa del Reino Unido y la UE, incluida la Regulación sobre Abuso de Mercado y el Reglamento Delegado de la Comisión.
Shell plc (SHEL)은 2024년 10월 16일 런던 증권 거래소에서 919,780주를 주당 평균 가중 가격 £25.3733에 매입했으며, 유로넥스트 암스테르담에서 954,200주를 주당 평균 가중 가격 €30.6535에 매입했다고 발표했습니다. 이러한 매입은 2024년 8월 1일에 발표된 회사의 기존 자사주 매입 프로그램의 일환입니다.
이 프로그램은 시장 내 및 비시장 내 거래 모두를 포함하며, Citigroup Global Markets가 2024년 8월 1일부터 10월 25일까지 독립적인 거래 결정을 내립니다. 자사주 매입은 영국 및 EU 규정, 즉 시장 남용 규정 및 위임 규정에 따라 시행됩니다.
Shell plc (SHEL) a annoncé le 16 octobre 2024 qu'elle avait acheté 919.780 actions à la Bourse de Londres à un prix moyen pondéré par volume de £25,3733 par action, et 954.200 actions sur Euronext Amsterdam à un prix moyen pondéré par volume de €30,6535 par action. Ces achats font partie du programme de rachat d'actions existant de l'entreprise annoncé le 1er août 2024.
Le programme comprend à la fois des opérations sur le marché et hors marché, Citigroup Global Markets prenant des décisions de trading indépendantes du 1er août au 25 octobre 2024. Le rachat est effectué conformément aux réglementations du Royaume-Uni et de l'UE, y compris la réglementation sur les abus de marché et le règlement délégué de la Commission.
Shell plc (SHEL) gab am 16. Oktober 2024 bekannt, dass sie 919.780 Aktien an der Londoner Börse zu einem volumengewichteten Durchschnittspreis von £25,3733 pro Aktie und 954.200 Aktien an der Euronext Amsterdam zu einem volumengewichteten Durchschnittspreis von €30,6535 pro Aktie erworben hat. Diese Käufe sind Teil des bestehenden Aktienrückkaufprogramms des Unternehmens, das am 1. August 2024 angekündigt wurde.
Das Programm umfasst sowohl Markt- als auch außerbörsliche Transaktionen, wobei Citigroup Global Markets vom 1. August bis zum 25. Oktober 2024 unabhängig Handelsentscheidungen trifft. Der Rückkauf erfolgt gemäß den Vorschriften des Vereinigten Königreichs und der EU, einschließlich der Marktmissbrauchsverordnung und der delegierten Verordnung der Kommission.
- Shell is actively repurchasing its own shares, which can potentially increase shareholder value
- The company is executing its previously announced share buy-back programme, demonstrating commitment to capital return
- Large-scale share repurchases may reduce the company's cash reserves
Insights
Shell's share buyback program continues to progress, with the company repurchasing 919,780 shares on the London Stock Exchange at an average price of
The buyback is being executed through both on-market and off-market mechanisms, with Citigroup Global Markets making independent trading decisions. This approach allows for flexibility in execution while adhering to regulatory requirements, including UK Listing Rules and Market Abuse Regulations.
For investors, share buybacks can be viewed positively as they reduce the number of outstanding shares, potentially increasing earnings per share and stock value. However, the impact on Shell's stock price will depend on various factors, including overall market conditions and the company's financial performance. Long-term investors should consider this buyback as part of Shell's broader capital allocation strategy and its implications for future growth and dividend sustainability.
Transaction in Own Shares
16 October, 2024
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 16 October 2024 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 |
| 16/10/2024 | 919,780 | LSE | GBP | |||
| 16/10/2024 | - | Chi-X (CXE) | GBP | |||
| 16/10/2024 | - | BATS (BXE) | GBP | |||
| 16/10/2024 | 954,200 | XAMS | EUR | |||
| 16/10/2024 | - | CBOE DXE | EUR | |||
| 16/10/2024 | - | 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 1 August 2024.
In respect of this programme, Citigroup Global Markets Limited will make trading decisions in relation to the securities independently of the Company for a period from 1 August 2024 up to and including 25 October 2024.
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 Citigroup Global Markets Limited 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 16 October 2024?
What was the average price paid per share for Shell's (SHEL) stock repurchase on 16 October 2024?
When did Shell (SHEL) announce its current share buy-back programme?
Who is making the trading decisions for Shell's (SHEL) share repurchases?
