Transaction in Own Shares
Shell plc (SHEL) has announced share repurchases conducted on January 24, 2025, as part of its existing buyback programme announced on October 31, 2024. The company purchased 1,259,747 shares on the London Stock Exchange at prices ranging from £26.1950 to £26.7400, with a volume-weighted average price of £26.4950. Additionally, 801,736 shares were purchased on XAMS at prices between €31.2500 and €31.8400, with a volume-weighted average price of €31.5724.
The purchases are part of both on-market and off-market components of Shell's buyback programme, with Citigroup Global Markets making independent trading decisions within pre-set parameters until January 24, 2025. The programme complies with UK Listing Rules, EU MAR, UK MAR, and related regulations.
Shell plc (SHEL) ha annunciato il riacquisto di azioni effettuato il 24 gennaio 2025, nell'ambito del suo programma di buyback esistente annunciato il 31 ottobre 2024. L'azienda ha acquistato 1.259.747 azioni sulla Borsa di Londra a prezzi compresi tra £26.1950 e £26.7400, con un prezzo medio ponderato per volume di £26.4950. Inoltre, 801.736 azioni sono state acquistate su XAMS a prezzi tra €31.2500 e €31.8400, con un prezzo medio ponderato per volume di €31.5724.
Gli acquisti fanno parte sia della componente di mercato che di quella al di fuori del mercato del programma di buyback di Shell, con Citigroup Global Markets che prende decisioni commerciali indipendenti all'interno di parametri preimpostati fino al 24 gennaio 2025. Il programma è conforme alle Norme di quotazione del Regno Unito, EU MAR, UK MAR e alle normative correlate.
Shell plc (SHEL) ha anunciado la recompra de acciones realizada el 24 de enero de 2025, como parte de su programa de recompra existente anunciado el 31 de octubre de 2024. La compañía adquirió 1.259.747 acciones en la Bolsa de Valores de Londres a precios que oscilan entre £26.1950 y £26.7400, con un precio medio ponderado por volumen de £26.4950. Además, 801.736 acciones fueron compradas en XAMS a precios entre €31.2500 y €31.8400, con un precio medio ponderado por volumen de €31.5724.
Las compras son parte tanto de la componente en el mercado como de la componente fuera del mercado del programa de recompra de Shell, con Citigroup Global Markets tomando decisiones comerciales independientes dentro de parámetros preestablecidos hasta el 24 de enero de 2025. El programa cumple con las Normas de cotización del Reino Unido, EU MAR, UK MAR y regulaciones relacionadas.
셸 plc (SHEL)은 2025년 1월 24일에 실시된 주식 재매입을 발표하였으며, 이는 2024년 10월 31일에 발표된 기존 재매입 프로그램의 일환입니다. 회사는 런던 증권 거래소에서 1,259,747주를 £26.1950에서 £26.7400 사이의 가격으로 구입하였으며, 거래량 가중 평균 가격은 £26.4950입니다. 추가로, 801,736주가 XAMS에서 €31.2500에서 €31.8400 사이의 가격으로 구입되었으며, 거래량 가중 평균 가격은 €31.5724입니다.
이 구매는 셸의 재매입 프로그램의 시장 내 및 시장 외 구성 요소에 해당하며, Citigroup Global Markets는 2025년 1월 24일까지 사전 설정된 기준 안에서 독립적으로 거래 결정을 내립니다. 이 프로그램은 영국 상장 규정, EU MAR, UK MAR 및 관련 규정을 준수합니다.
Shell plc (SHEL) a annoncé le rachat d'actions effectué le 24 janvier 2025, dans le cadre de son programme de rachat existant annoncé le 31 octobre 2024. La société a acheté 1.259.747 actions sur la Bourse de Londres à des prix variant entre £26.1950 et £26.7400, avec un prix moyen pondéré par le volume de £26.4950. De plus, 801.736 actions ont été achetées sur XAMS à des prix allant de €31.2500 à €31.8400, avec un prix moyen pondéré par le volume de €31.5724.
Ces achats font partie tant des composants de marché que des composants hors marché du programme de rachat de Shell, Citigroup Global Markets prenant des décisions commerciales indépendantes dans des paramètres prédéfinis jusqu'au 24 janvier 2025. Le programme est conforme aux règles de cotation du Royaume-Uni, EU MAR, UK MAR et aux réglementations connexes.
Shell plc (SHEL) hat den Rückkauf von Aktien bekanntgegeben, der am 24. Januar 2025 durchgeführt wurde, im Rahmen seines bestehenden Rückkaufprogramms, das am 31. Oktober 2024 angekündigt wurde. Das Unternehmen erwarb 1.259.747 Aktien an der Londoner Börse zu Preisen zwischen £26,1950 und £26,7400, mit einem volumengewichteten Durchschnittspreis von £26,4950. Darüber hinaus wurden 801.736 Aktien an der XAMS zu Preisen zwischen €31,2500 und €31,8400 erworben, mit einem volumengewichteten Durchschnittspreis von €31,5724.
Die Käufe sind sowohl Teil der On-Market- als auch der Off-Market-Komponenten des Rückkaufprogramms von Shell, wobei Citigroup Global Markets bis zum 24. Januar 2025 unabhängige Handelsentscheidungen innerhalb vorab festgelegter Parameter trifft. Das Programm entspricht den britischen Zulassungsregeln, EU MAR, UK MAR und verwandten Vorschriften.
- Continuation of share buyback program demonstrates strong capital return commitment to shareholders
- Significant daily purchase volume indicates robust execution of buyback program
- None.
Insights
Shell's latest share repurchase execution represents a significant capital return initiative, with approximately
The buyback execution reflects several key strategic elements:
- Market confidence: Shell's willingness to deploy substantial capital for share repurchases signals management's view that shares are attractively valued
- Capital allocation efficiency: The dual-venue approach (LSE and XAMS) optimizes liquidity access while managing currency exposure
- Regulatory compliance: The structured approach through Citigroup ensures arm's length execution and adherence to both UK and EU regulatory frameworks
For investors, this represents continued delivery on Shell's commitment to shareholder returns. The systematic nature of the buyback program, with pre-set parameters and independent execution, helps maintain market stability while reducing share count. This typically supports earnings per share metrics and can provide gradual upward pressure on valuation multiples.
The volume-weighted average prices achieved (£26.4950 on LSE and €31.5724 on XAMS) suggest disciplined execution within market conditions, balancing the goals of capital deployment and price efficiency. The program's continuation affirms Shell's strong free cash flow generation and balanced capital allocation strategy in the current energy market environment.
Transaction in Own Shares
24 January, 2025
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 24 January 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 |
| 24/01/2025 | 1,259,747 | LSE | GBP | |||
| 24/01/2025 | - | Chi-X (CXE) | GBP | |||
| 24/01/2025 | - | BATS (BXE) | GBP | |||
| 24/01/2025 | 801,736 | XAMS | EUR | |||
| 24/01/2025 | - | CBOE DXE | EUR | |||
| 24/01/2025 | - | 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 31 October 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 31 October 2024 up to and including 24 January 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 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 January 24, 2025?
What was the price range for Shell's (SHEL) share buyback on January 24, 2025?
When did Shell (SHEL) announce this buyback programme?
Who is executing the share buybacks for Shell (SHEL)?
How long will this phase of Shell's (SHEL) buyback programme run?
