Transaction in Own Shares
Rhea-AI Summary
Shell plc (SHEL) announced on 22 October 2024 that it purchased 826,600 shares on the London Stock Exchange at a volume-weighted average price of £25.5758 per share, and 803,370 shares on Euronext Amsterdam at a volume-weighted average price of €30.9850 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 2024 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.
Positive
- Shell is actively repurchasing its own shares, which can potentially increase shareholder value
- The company is executing a predetermined share buy-back programme, demonstrating commitment to capital return
Negative
- Significant cash outflow for share repurchases may impact the company's liquidity
News Market Reaction 1 Alert
On the day this news was published, SHEL declined 0.06%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Transaction in Own Shares
22 October, 2024
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Shell plc (the ‘Company’) announces that on 22 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 |
| 22/10/2024 | 826,600 | LSE | GBP | |||
| 22/10/2024 | - | Chi-X (CXE) | GBP | |||
| 22/10/2024 | - | BATS (BXE) | GBP | |||
| 22/10/2024 | 803,370 | XAMS | EUR | |||
| 22/10/2024 | - | CBOE DXE | EUR | |||
| 22/10/2024 | - | 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 22 October 2024?
What was the average price paid per share for Shell's (SHEL) stock repurchase on 22 October 2024?
When did Shell (SHEL) announce its current share buy-back programme?
Who is making the trading decisions for Shell's (SHEL) share repurchases?
