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Shell plc (SHEL) has announced its latest share buyback activity on January 2, 2025, as part of its previously announced share repurchase programme. The company purchased 685,226 shares on the London Stock Exchange at prices ranging from £24.80 to £25.335, with a volume-weighted average price of £25.1131. Additionally, 471,931 shares were purchased on XAMS at prices between €30.235 and €30.80, averaging €30.5331.

These purchases are part of Shell's buyback programme announced on October 31, 2024, which will continue until January 24, 2025. Citigroup Global Markets is executing the trades independently within pre-set parameters, including both on-market and off-market transactions, in compliance with UK Listing Rules and Market Abuse Regulations.

Shell plc (SHEL) ha annunciato la sua ultima attività di riacquisto azionario il 2 gennaio 2025, come parte del programma di riacquisto azioni precedentemente annunciato. L'azienda ha acquistato 685.226 azioni sulla Borsa di Londra a prezzi che variano da £24,80 a £25,335, con un prezzo medio ponderato per il volume di £25,1131. Inoltre, sono state acquistate 471.931 azioni su XAMS a prezzi compresi tra €30,235 e €30,80, con una media di €30,5331.

Questi acquisti fanno parte del programma di riacquisto di Shell annunciato il 31 ottobre 2024, che continuerà fino al 24 gennaio 2025. Citigroup Global Markets sta eseguendo le operazioni in modo indipendente entro parametri predefiniti, includendo sia transazioni di mercato che fuori mercato, in conformità con le Normative di Registrazione del Regno Unito e le Regole contro l'Abuso di Mercato.

Shell plc (SHEL) ha anunciado su más reciente actividad de recompra de acciones el 2 de enero de 2025, como parte de su programa de recompra de acciones previamente anunciado. La compañía adquirió 685,226 acciones en la Bolsa de Valores de Londres a precios que oscilan entre £24.80 y £25.335, con un precio promedio ponderado por volumen de £25.1131. Además, se compraron 471,931 acciones en XAMS a precios entre €30.235 y €30.80, con un promedio de €30.5331.

Estas compras son parte del programa de recompra de Shell anunciado el 31 de octubre de 2024, que continuará hasta el 24 de enero de 2025. Citigroup Global Markets está ejecutando las operaciones de manera independiente dentro de parámetros preestablecidos, incluyendo transacciones tanto en el mercado como fuera de él, cumpliendo con las Normas de Cotización del Reino Unido y las Regulaciones de Abuso de Mercado.

Shell plc (SHEL)는 2025년 1월 2일에 발표된 자사주 매입 프로그램의 일환으로 최신 주식 매입 활동을 발표했습니다. 이 회사는 런던 증권 거래소에서 685,226주를 £24.80에서 £25.335 사이의 가격으로 매입했으며, 볼륨 가중 평균 가격은 £25.1131입니다. 또한, 471,931주는 XAMS에서 €30.235에서 €30.80 사이의 가격으로 구매되었으며, 평균 €30.5331입니다.

이러한 매입은 2024년 10월 31일에 발표된 Shell의 주식 매입 프로그램의 일환으로 2025년 1월 24일까지 계속될 예정입니다. Citigroup Global Markets는 영국 상장 규정 및 시장 남용 규정 준수 하에 시장 내 및 비시장 거래를 포함하여 사전 설정된 매개변수 내에서 독립적으로 거래를 수행하고 있습니다.

Shell plc (SHEL) a annoncé sa dernière activité de rachat d'actions le 2 janvier 2025, dans le cadre de son programme de rachat d'actions précédemment annoncé. La société a acheté 685,226 actions sur la Bourse de Londres à des prix variant de £24,80 à £25,335, avec un prix moyen pondéré de £25,1131. De plus, 471,931 actions ont été achetées sur XAMS à des prix allant de €30,235 à €30,80, pour une moyenne de €30,5331.

Ces achats font partie du programme de rachat de Shell annoncé le 31 octobre 2024, qui se poursuivra jusqu'au 24 janvier 2025. Citigroup Global Markets exécute les transactions de manière indépendante dans le respect de paramètres préétablis, incluant des transactions sur le marché et hors marché, conformément aux règles de cotation au Royaume-Uni et aux réglementations sur les abus de marché.

Shell plc (SHEL) hat am 2. Januar 2025 seine neuesten Aktienrückkaufaktivitäten im Rahmen des zuvor angekündigten Aktienrückkaufprogramms bekannt gegeben. Das Unternehmen hat 685.226 Aktien an der Londoner Börse zu Preisen zwischen £24,80 und £25,335 erworben, wobei der volumengewichtete Durchschnittspreis bei £25,1131 liegt. Darüber hinaus wurden 471.931 Aktien an XAMS zu Preisen zwischen €30,235 und €30,80 gekauft, mit einem Durchschnitt von €30,5331.

Diese Käufe sind Teil des von Shell am 31. Oktober 2024 angekündigten Rückkaufprogramms, das bis zum 24. Januar 2025 fortgesetzt wird. Citigroup Global Markets führt die Transaktionen eigenständig innerhalb vordefinierter Parameter durch, einschließlich sowohl Markt- als auch außerbörslicher Transaktionen, im Einklang mit den UK Listing Rules und den Market Abuse Regulations.

Positive
  • Ongoing share buyback program demonstrates strong capital return commitment to shareholders
  • Significant share repurchase volume of 1,157,157 shares across London and Amsterdam exchanges
Negative
  • None.

Insights

Shell's latest share buyback activity demonstrates continued commitment to their $3.5 billion Q4 2024 capital return program. Today's purchase of 685,226 shares on LSE at a VWAP of £25.11 and 471,931 shares on Euronext Amsterdam at €30.53 represents strategic market execution. The dual-exchange approach optimizes liquidity while managing price impact. The weighted average purchase price suggests disciplined execution within market depth constraints.

The buyback's timing aligns with Shell's robust cash flow generation and capital allocation strategy. With Brent crude stabilizing above $75/barrel and natural gas prices showing seasonal strength, Shell's ability to maintain this buyback pace while funding its energy transition initiatives remains solid. The program's structured approach through Citigroup, running until January 24, 2025, provides market clarity and helps minimize price volatility.

For retail investors: This represents Shell actively returning value to shareholders while maintaining a strong balance sheet. The systematic nature of purchases helps support share price stability. The split between London and Amsterdam listings maintains good trading volumes in both markets.

Today's execution metrics reveal important market dynamics. The 2.16% spread between high/low prices on LSE (£25.33 vs £24.80) indicates healthy market depth. Notable is the complete absence of activity on alternative venues (Chi-X, BATS, CBOE DXE, TQEX), suggesting a strategic focus on primary exchanges for optimal price discovery and reduced fragmentation.

The volume distribution between LSE (59.2%) and Euronext (40.8%) reflects a balanced approach to maintaining market presence in both key trading venues. This pattern helps preserve the natural order flow and price formation process while minimizing market impact costs. The execution strategy aligns with best practices for large-cap share repurchases, particularly important given Shell's position as a FTSE 100 heavyweight.

Transaction in Own Shares

02 January, 2025

• • • • • • • • • • • • • • • •        

Shell plc (the ‘Company’) announces that on 02 January 2025 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchaseNumber of Shares purchasedHighest price paid


Lowest price paid


Volume weighted average price paid per shareVenueCurrency
02/01/2025685,226 £25.3350£24.8000£25.1131LSEGBP
02/01/2025- £0.0000£0.0000£0.0000Chi-X (CXE)GBP
02/01/2025- £0.0000£0.0000£0.0000BATS (BXE)GBP
02/01/2025471,931 €30.8000€30.2350€30.5331XAMSEUR
02/01/2025- €0.0000€0.0000€0.0000CBOE DXEEUR
02/01/2025- €0.0000€0.0000€0.0000TQEXEUR

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 2, 2025?

Shell purchased a total of 1,157,157 shares on January 2, 2025, consisting of 685,226 shares on the London Stock Exchange and 471,931 shares on the Amsterdam exchange (XAMS).

What is the price range of Shell's (SHEL) share buyback on January 2, 2025?

On the London Stock Exchange, Shell purchased shares between £24.80 and £25.335, while on XAMS, the price range was €30.235 to €30.80.

When will Shell's (SHEL) current share buyback program end?

The current share buyback program, which was announced on October 31, 2024, will continue until January 24, 2025.

Who is executing Shell's (SHEL) share buyback program?

Citigroup Global Markets is independently executing the trading decisions for Shell's share buyback program.

Shell plc American Depositary Shares (Each represents two Ordinary shares)

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