Transaction in Own Shares
Shell plc (SHEL) announced on 18 October 2024 the purchase of 900,000 shares on the London Stock Exchange at a volume-weighted average price of £25.4736 per share, and 850,000 shares on Euronext Amsterdam at €30.9154 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 18 ottobre 2024 l'acquisto di 900.000 azioni sulla Borsa di Londra a un prezzo medio ponderato per il volume di £25,4736 per azione, e 850.000 azioni su Euronext Amsterdam a €30,9154 per azione. Questi acquisti fanno parte del programma di riacquisto di azioni esistente della società annunciato il 1 agosto 2024.
Il programma include 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, inclusi il Regolamento sulla Manipolazione del Mercato e il Regolamento Delegato della Commissione.
Shell plc (SHEL) anunció el 18 de octubre de 2024 la compra de 900,000 acciones en la Bolsa de Londres a un precio promedio ponderado por volumen de £25.4736 por acción, y 850,000 acciones en Euronext Ámsterdam a €30.9154 por acción. Estas compras son parte del programa de recompra de acciones existente de la compañía 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 de negociación independientes desde el 1 de agosto hasta el 25 de octubre de 2024. La recompra se realiza de acuerdo con las regulaciones del Reino Unido y la UE, incluyendo la Regulación sobre el Abuso del Mercado y el Reglamento Delegado de la Comisión.
Shell plc (SHEL)은 2024년 10월 18일 런던 증권 거래소에서 900,000주를 주당 £25.4736의 거래량 가중 평균 가격으로, 유로넥스트 암스테르담에서 850,000주를 주당 €30.9154에 매입했다고 발표했습니다. 이러한 매입은 2024년 8월 1일에 발표된 회사의 기존 자사주 매입 프로그램의 일환입니다.
프로그램은 시장 내 및 시장 외 거래를 모두 포함하며, Citigroup Global Markets는 2024년 8월 1일부터 10월 25일까지 독립적인 거래 결정을 내립니다. 자사주 매입은 영국 및 EU 규정에 따라 시행되며, 시장 남용 규정과 위원회 위임 규정이 포함됩니다.
Shell plc (SHEL) a annoncé le 18 octobre 2024 l'achat de 900 000 actions sur la Bourse de Londres à un prix moyen pondéré par le volume de £25,4736 par action, et 850 000 actions sur Euronext Amsterdam à €30,9154 par action. Ces achats font partie du programme de rachat d'actions existant de la société 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 réalisé conformément aux réglementations du Royaume-Uni et de l'UE, y compris le Règlement sur les abus de marché et le Règlement délégué de la Commission.
Shell plc (SHEL) gab am 18. Oktober 2024 den Kauf von 900.000 Aktien an der Londoner Börse zu einem volumengewichteten Durchschnittspreis von £25,4736 pro Aktie und 850.000 Aktien an Euronext Amsterdam zu €30,9154 pro Aktie bekannt. Diese Käufe sind Teil des bestehenden Aktienrückkaufprogramms des Unternehmens, das am 1. August 2024 angekündigt wurde.
Das Programm umfasst sowohl On-Market- als auch Off-Market-Transaktionen, wobei Citigroup Global Markets von 1. August bis 25. Oktober 2024 unabhängige 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 implementing its share buyback program, potentially increasing shareholder value
- The company has sufficient cash flow to fund share repurchases
- Significant cash outflow for share repurchases may reduce funds available for other investments or operations
Insights
Share buybacks can be viewed positively by investors as they reduce the number of outstanding shares, potentially increasing earnings per share and stock value. For Shell, this move may indicate management's confidence in the company's financial health and future prospects. However, it's important to consider that funds used for buybacks aren't being invested in growth opportunities or held as cash reserves.
The buyback program's adherence to UK Listing Rules, EU and UK Market Abuse Regulations and other regulatory frameworks underscores Shell's commitment to transparency and compliance. This can enhance investor trust, but also highlights the complex regulatory environment in which global energy companies operate.
Transaction in Own Shares
18 October, 2024
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 18 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 |
| 18/10/2024 | 900,000 | LSE | GBP | |||
| 18/10/2024 | - | Chi-X (CXE) | GBP | |||
| 18/10/2024 | - | BATS (BXE) | GBP | |||
| 18/10/2024 | 850,000 | XAMS | EUR | |||
| 18/10/2024 | - | CBOE DXE | EUR | |||
| 18/10/2024 | - | 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 18 October 2024?
What was the average price paid per share for Shell's (SHEL) stock buyback on 18 October 2024?
When did Shell (SHEL) announce its current share buyback programme?
Who is making the trading decisions for Shell's (SHEL) share buyback programme?
