Transaction in Own Shares
On 18 June 2024, Shell announced the purchase of 1,278,237 shares for cancellation as part of its ongoing share buy-back program. This program, which commenced on 2 May 2024 and will run until 26 July 2024, involves both on- and off-market transactions conducted by BNP Paribas Financial Markets SNC. The purchases were made at various trading venues, including LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX, with prices ranging from £27.2000 to £27.3750 and €32.3050 to €32.4950. The buy-back program complies with UK and EU MAR regulations, ensuring adherence to legal frameworks governing share repurchase activities.
- Shell successfully purchased 1,278,237 shares for cancellation.
- Share buy-back program is ongoing and well-managed by BNP Paribas Financial Markets SNC.
- The program runs from 2 May 2024 to 26 July 2024, showing long-term commitment.
- Purchases were made at competitive prices across multiple trading venues.
- Significant capital outlay for share repurchase may impact liquidity.
- No mention of how the buy-back affects overall financial performance or shareholder value.
Transaction in Own Shares
18 June, 2024
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 18 June, 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 |
| 18/06/2024 | 449,733 | LSE | GBP | |||
| 18/06/2024 | 99,790 | Chi-X (CXE) | GBP | |||
| 18/06/2024 | 76,472 | BATS (BXE) | GBP | |||
| 18/06/2024 | 384,196 | XAMS | EUR | |||
| 18/06/2024 | 228,928 | CBOE DXE | EUR | |||
| 18/06/2024 | 39,118 | 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 2 May 2024.
In respect of this programme, BNP PARIBAS Financial Markets SNC will make trading decisions in relation to the securities independently of the Company for a period from 2 May 2024 up to and including 26 July 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 12 of the 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 BNP PARIBAS Financial Markets SNC 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
What is the date of Shell's recent share buy-back?
How many shares did Shell purchase for cancellation on 18 June 2024?
What was the highest and lowest price paid per Shell share during the buy-back on 18 June 2024?
Which trading venues were involved in Shell's share buy-back on 18 June 2024?
Who is managing Shell’s share buy-back program started on 2 May 2024?
When will Shell's current share buy-back program end?
What regulations does Shell's share buy-back program comply with?
