Transaction in Own Shares
Shell plc (SHEL) has announced share repurchases conducted on February 11, 2025, as part of its previously announced buyback programme. The company purchased a total of 900,000 shares on the London Stock Exchange and related venues at prices ranging from £26.51 to £27.07, and 598,500 shares on European exchanges at prices between €32.05 and €32.64.
The purchases are part of Shell's share buy-back programme announced on January 30, 2025, which will run until April 25, 2025. Natixis is executing the trades independently within pre-set parameters, including both on-market and off-market transactions. The programme complies with UK Listing Rules, EU MAR, UK MAR, and related regulations.
Shell plc (SHEL) ha annunciato il riacquisto di azioni effettuato l'11 febbraio 2025, come parte del suo programma di riacquisto già annunciato. L'azienda ha acquistato un totale di 900.000 azioni sulla Borsa di Londra e in sedi correlate a prezzi compresi tra £26.51 e £27.07, e 598.500 azioni su borse europee a prezzi tra €32.05 e €32.64.
Questi acquisti fanno parte del programma di riacquisto di azioni di Shell annunciato il 30 gennaio 2025, che durerà fino al 25 aprile 2025. Natixis sta eseguendo le operazioni in modo indipendente all'interno di parametri preimpostati, includendo transazioni sia sul mercato che fuori mercato. Il programma è conforme alle Norme di Quotazione del Regno Unito, all'EU MAR, all'UK MAR e alle normative correlate.
Shell plc (SHEL) ha anunciado la recompra de acciones realizada el 11 de febrero de 2025, como parte de su programa de recompra previamente anunciado. La compañía adquirió un total de 900,000 acciones en la Bolsa de Valores de Londres y en lugares relacionados a precios que varían entre £26.51 y £27.07, y 598,500 acciones en bolsas europeas a precios entre €32.05 y €32.64.
Las compras son parte del programa de recompra de acciones de Shell anunciado el 30 de enero de 2025, que se llevará a cabo hasta el 25 de abril de 2025. Natixis está ejecutando las operaciones de manera independiente dentro de parámetros preestablecidos, incluyendo transacciones tanto en el mercado como fuera del mercado. El programa cumple con las Normas de Cotización del Reino Unido, EU MAR, UK MAR y regulaciones relacionadas.
Shell plc (SHEL)는 2025년 2월 11일에 실시된 자사주 매입을 발표했습니다. 이는 이전에 발표된 자사주 매입 프로그램의 일환입니다. 회사는 런던 증권 거래소 및 관련 장소에서 900,000주를 £26.51에서 £27.07 사이의 가격으로 구매하였으며, 유럽 증권 시장에서 598,500주를 €32.05에서 €32.64 사이의 가격으로 구매하였습니다.
이 구매는 2025년 1월 30일에 발표된 Shell의 자사주 매입 프로그램의 일환으로, 2025년 4월 25일까지 진행될 예정입니다. Natixis는 시장 내외의 거래를 포함하여 사전에 설정된 조건 안에서 독립적으로 거래를 실행하고 있습니다. 이 프로그램은 영국 상장 규칙, EU MAR, UK MAR 및 관련 규제 조건을 준수합니다.
Shell plc (SHEL) a annoncé des rachats d'actions effectués le 11 février 2025, dans le cadre de son programme de rachat précédemment annoncé. L'entreprise a acheté au total 900.000 actions sur la Bourse de Londres et dans des lieux connexes à des prix variant de £26,51 à £27,07, et 598.500 actions sur les bourses européennes à des prix compris entre €32,05 et €32,64.
Ces achats font partie du programme de rachat d'actions de Shell annoncé le 30 janvier 2025, qui se déroulera jusqu'au 25 avril 2025. Natixis exécute les transactions indépendamment dans des paramètres prédéfinis, y compris des transactions sur le marché et hors marché. Le programme est conforme aux règles de cotation du Royaume-Uni, à l'EU MAR, au UK MAR et aux réglementations connexes.
Shell plc (SHEL) hat den Aktienrückkauf bekannt gegeben, der am 11. Februar 2025 durchgeführt wurde, als Teil des zuvor angekündigten Rückkaufprogramms. Das Unternehmen kaufte insgesamt 900.000 Aktien an der Londoner Börse und verwandten Handelsplätzen zu Preisen zwischen £26,51 und £27,07 sowie 598.500 Aktien an europäischen Börsen zu Preisen zwischen €32,05 und €32,64.
Die Käufe sind Teil des von Shell am 30. Januar 2025 angekündigten Aktienrückkaufprogramms, das bis zum 25. April 2025 laufen wird. Natixis führt die Transaktionen unabhängig innerhalb vordefinierter Parameter aus, einschließlich sowohl marktgebundener als auch außerbörslicher Transaktionen. Das Programm entspricht den britischen Listing-Regeln, EU MAR, UK MAR und den entsprechenden Vorschriften.
- Active share buyback program reduces shares outstanding, potentially increasing value for remaining shareholders
- Multiple exchange purchases demonstrate strong execution capability and market liquidity
- None.
Insights
Shell's latest share buyback execution represents a strategic deployment of capital that signals strong confidence in the company's financial position and underscores their commitment to shareholder returns. The purchase of 1,498,500 shares across multiple venues demonstrates sophisticated execution to minimize market impact while maximizing liquidity.
The weighted average purchase prices of £26.76 in London and €32.32 in Amsterdam reflect careful price discovery across markets. The tight spread between highest and lowest prices (approximately 2%) suggests well-managed execution with minimal price impact, indicating strong market liquidity for Shell shares.
This buyback tranche is particularly noteworthy as it's executed through both on-market and off-market mechanisms, providing flexibility in implementation. The delegation to Natixis for independent trading decisions until April 2025 helps ensure compliance with market regulations while optimizing execution.
For investors, this continued buyback activity represents tangible value creation through:
- Reduction in share count, enhancing earnings per share
- Demonstration of robust free cash flow generation
- Efficient capital return mechanism complementing dividend payments
- Market signal of management's view on share valuation
The systematic nature of these purchases, conducted across multiple venues and currencies, reflects sophisticated treasury management and strong commitment to the previously announced buyback program. This execution strategy helps maintain market stability while steadily reducing share count.
Transaction in Own Shares
11 February, 2025
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 11 February 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 |
| 11/02/2025 | 720,000 | | | | LSE | GBP |
| 11/02/2025 | 90,000 | | | | Chi-X (CXE) | GBP |
| 11/02/2025 | 90,000 | | | | BATS (BXE) | GBP |
| 11/02/2025 | 508,500 | | | | XAMS | EUR |
| 11/02/2025 | 90,000 | | | | CBOE DXE | EUR |
| 11/02/2025 | 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
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