Transaction in Own Shares
Shell plc (SHEL) has announced a share buyback transaction on March 5, 2025, as part of its previously announced share repurchase programme from January 30, 2025. The programme, managed independently by Natixis, will continue until April 25, 2025.
The buyback includes both on-market and off-market components, with the on-market portion operating within pre-set parameters under the company's general repurchase authority. The off-market portion will proceed according to the shareholder-approved buyback contract.
The programme complies with UK Listing Rules Chapter 9, EU and UK Market Abuse Regulations, and related delegated regulations. Natixis will execute trades independently of Shell during this period.
Shell plc (SHEL) ha annunciato una transazione di riacquisto di azioni il 5 marzo 2025, come parte del suo programma di riacquisto di azioni precedentemente annunciato il 30 gennaio 2025. Il programma, gestito in modo indipendente da Natixis, continuerà fino al 25 aprile 2025.
Il riacquisto include sia componenti on-market che off-market, con la parte on-market che opera all'interno di parametri predefiniti secondo l'autorità generale di riacquisto della società. La parte off-market procederà secondo il contratto di riacquisto approvato dagli azionisti.
Il programma è conforme alle Regole di Quotazione del Regno Unito Capitolo 9, alle Regolamentazioni sul Mercato Abusivo dell'UE e del Regno Unito e alle relative normative delegate. Natixis eseguirà le operazioni in modo indipendente da Shell durante questo periodo.
Shell plc (SHEL) ha anunciado una transacción de recompra de acciones el 5 de marzo de 2025, como parte de su programa de recompra de acciones previamente anunciado el 30 de enero de 2025. El programa, gestionado de forma independiente por Natixis, continuará hasta el 25 de abril de 2025.
La recompra incluye componentes tanto on-market como off-market, con la parte on-market operando dentro de parámetros preestablecidos bajo la autoridad general de recompra de la empresa. La parte off-market procederá de acuerdo con el contrato de recompra aprobado por los accionistas.
El programa cumple con las Reglas de Cotización del Reino Unido, Capítulo 9, las Regulaciones de Abuso de Mercado de la UE y del Reino Unido, y las regulaciones delegadas relacionadas. Natixis ejecutará las operaciones de forma independiente de Shell durante este período.
Shell plc (SHEL)는 2025년 3월 5일 주식 재매입 거래를 발표했으며, 이는 2025년 1월 30일에 발표된 주식 재매입 프로그램의 일환입니다. 이 프로그램은 Natixis에 의해 독립적으로 관리되며 2025년 4월 25일까지 계속됩니다.
재매입에는 온마켓 및 오프마켓 구성 요소가 포함되며, 온마켓 부분은 회사의 일반 재매입 권한에 따라 미리 설정된 매개변수 내에서 운영됩니다. 오프마켓 부분은 주주가 승인한 재매입 계약에 따라 진행됩니다.
이 프로그램은 영국 상장 규칙 제9장, EU 및 영국 시장 남용 규정 및 관련 위임 규정을 준수합니다. Natixis는 이 기간 동안 Shell과 독립적으로 거래를 실행할 것입니다.
Shell plc (SHEL) a annoncé une opération de rachat d'actions le 5 mars 2025, dans le cadre de son programme de rachat d'actions précédemment annoncé le 30 janvier 2025. Le programme, géré indépendamment par Natixis, se poursuivra jusqu'au 25 avril 2025.
Le rachat comprend à la fois des composants on-market et off-market, la partie on-market fonctionnant dans des paramètres prédéfinis sous l'autorité générale de rachat de la société. La partie off-market se déroulera conformément au contrat de rachat approuvé par les actionnaires.
Le programme est conforme aux règles de cotation du Royaume-Uni, chapitre 9, aux règlements sur les abus de marché de l'UE et du Royaume-Uni, ainsi qu'aux règlements délégués connexes. Natixis exécutera les transactions de manière indépendante de Shell pendant cette période.
Shell plc (SHEL) hat am 5. März 2025 eine Aktienrückkauftransaktion angekündigt, die Teil des zuvor am 30. Januar 2025 angekündigten Rückkaufprogramms ist. Das Programm, das unabhängig von Natixis verwaltet wird, wird bis zum 25. April 2025 fortgesetzt.
Der Rückkauf umfasst sowohl On-Market- als auch Off-Market Komponenten, wobei der On-Market-Teil innerhalb vorgegebener Parameter unter der allgemeinen Rückkaufautorisierung des Unternehmens operiert. Der Off-Market-Teil wird gemäß dem von den Aktionären genehmigten Rückkaufvertrag fortgesetzt.
Das Programm erfüllt die UK Listing Rules Kapitel 9, die EU- und UK-Marktmissbrauchsverordnungen sowie die entsprechenden delegierten Verordnungen. Natixis wird in diesem Zeitraum unabhängig von Shell Transaktionen durchführen.
- Share buyback program indicates strong cash position and commitment to return value to shareholders
- None.
Insights
Shell's announcement regarding its ongoing share buyback program represents a component of capital return strategy that complements its dividend policy. The company continues to execute the buyback program announced on January 30, 2025, with Natixis independently managing the transactions through April 25.
While this specific announcement lacks quantitative details about the number of shares purchased or monetary value involved, the continuation of the buyback program itself signals management's confidence in Shell's cash generation capabilities and potentially their view that shares represent good value at current levels.
For context, share repurchases generally create shareholder value through multiple mechanisms: they reduce outstanding share count (increasing earnings per share), potentially provide price support, and represent a tax-efficient alternative to dividends for returning capital to shareholders.
The structured nature of this program, with both on-market and off-market components executed within pre-set parameters and regulatory frameworks (UK Listing Rules, Market Abuse Regulation), demonstrates Shell's methodical approach to capital allocation. This disciplined execution suggests the buybacks are part of a broader financial strategy rather than opportunistic purchasing.
For investors, the continuation of the buyback program indicates Shell remains committed to returning capital while maintaining compliance with complex regulatory requirements spanning both UK and EU frameworks post-Brexit.
Transaction in Own Shares
05 March, 2025
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 05 March 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 |
| 05/03/2025 | 900,000 | | | | LSE | GBP |
| 05/03/2025 | 125,000 | | | | Chi-X (CXE) | GBP |
| 05/03/2025 | 125,000 | | | | BATS (BXE) | GBP |
| 05/03/2025 | 745,000 | | | | XAMS | EUR |
| 05/03/2025 | 210,000 | | | | CBOE DXE | EUR |
| 05/03/2025 | 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
When will Shell's (SHEL) current share buyback program end?
Who is managing Shell's (SHEL) 2025 share buyback program?
What types of share repurchases are included in Shell's (SHEL) 2025 buyback program?
When did Shell (SHEL) announce this share buyback programme?
