Transaction in Own Shares
Shell plc (SHEL) announced on 03 October 2024 the purchase of 625,000 shares on the London Stock Exchange at a volume-weighted average price of £25.4756 per share, and 585,000 shares on Euronext Amsterdam at €30.6700 per share. These purchases are part of the company's existing share buy-back programme announced on 1 August 2024.
The programme, managed independently by Citigroup Global Markets , will run until 25 October 2024. It includes both on-market and off-market limbs, conducted in accordance with UK and EU market abuse regulations. The buy-back aims to reduce Shell's share capital and is executed within pre-set parameters and the company's general authority to repurchase shares.
Shell plc (SHEL) ha annunciato il 03 ottobre 2024 l'acquisto di 625.000 azioni presso la Borsa di Londra a un prezzo medio ponderato per volume di £25,4756 per azione, e di 585.000 azioni su Euronext Amsterdam a €30,6700 per azione. Questi acquisti fanno parte del programma di riacquisto di azioni esistente dell'azienda, annunciato il 1 agosto 2024.
Il programma, gestito in modo indipendente da Citigroup Global Markets, sarà attivo fino al 25 ottobre 2024. Comprende sia operazioni di mercato che fuori mercato, condotte in conformità con le normative britanniche e dell'UE contro gli abusi di mercato. L'obiettivo del riacquisto è ridurre il capitale azionario di Shell e viene realizzato secondo parametri predefiniti e l'autorità generale dell'azienda di riacquistare azioni.
Shell plc (SHEL) anunció el 03 de octubre de 2024 la compra de 625,000 acciones en la Bolsa de Valores de Londres a un precio medio ponderado por volumen de £25.4756 por acción, y 585,000 acciones en Euronext Ámsterdam a €30.6700 por acción. Estas compras son parte del programa de recompra de acciones existente de la compañía, anunciado el 1 de agosto de 2024.
El programa, gestionado de forma independiente por Citigroup Global Markets, funcionará hasta el 25 de octubre de 2024. Incluye tanto operaciones en el mercado como fuera de él, realizadas de acuerdo con las regulaciones de abuso de mercado del Reino Unido y la UE. La recompra tiene como objetivo reducir el capital accionario de Shell y se ejecuta dentro de parámetros preestablecidos y la autoridad general de la compañía para recomprar acciones.
Shell plc (SHEL)는 2024년 10월 3일 영국 런던 증권거래소에서 625,000주를 주당 £25.4756의 가중 평균 가격으로, 그리고 유로넥스트 암스테르담에서 585,000주를 주당 €30.6700에 매입했다고 발표했습니다. 이 구매는 2024년 8월 1일에 발표된 회사의 기존 주식 매입 프로그램의 일환입니다.
이 프로그램은 시티그룹 글로벌 마켓에 의해 독립적으로 관리되며, 2024년 10월 25일까지 진행됩니다. 이에는 영국 및 EU 시장 남용 규정에 따라 진행되는 시장 내 및 시장 외 거래가 포함됩니다. 이 주식 매입은 Shell의 자본금을 줄이는 것을 목표로 하며, 정해진 기준 및 회사의 주식 매입에 대한 일반 권한 내에서 시행됩니다.
Shell plc (SHEL) a annoncé le 3 octobre 2024 l'achat de 625 000 actions sur la Bourse de Londres à un prix moyen pondéré par le volume de £25,4756 par action, et de 585 000 actions sur Euronext Amsterdam à €30,6700 par action. Ces achats font partie du programme de rachat d'actions existant de l'entreprise, annoncé le 1er août 2024.
Le programme, géré de manière indépendante par Citigroup Global Markets, se poursuivra jusqu'au 25 octobre 2024. Il inclut à la fois des opérations de marché et hors marché, menées conformément aux réglementations du Royaume-Uni et de l'UE sur les abus de marché. Le rachat vise à réduire le capital social de Shell et est exécuté dans des paramètres prédéfinis et dans le cadre de l'autorité générale de l'entreprise pour le rachat d'actions.
Shell plc (SHEL) gab am 3. Oktober 2024 den Kauf von 625.000 Aktien an der Londoner Börse zu einem volumengewichteten Durchschnittspreis von £25,4756 pro Aktie und von 585.000 Aktien an der Euronext Amsterdam zu einem Preis von €30,6700 pro Aktie bekannt. Diese Käufe sind Teil des bestehenden Aktienrückkaufprogramms des Unternehmens, das am 1. August 2024 angekündigt wurde.
Das Programm, das unabhängig von Citigroup Global Markets verwaltet wird, läuft bis zum 25. Oktober 2024. Es umfasst sowohl Markt- als auch außerbörsliche Transaktionen, die gemäß den Marktmissbrauchsvorschriften des Vereinigten Königreichs und der EU durchgeführt werden. Der Rückkauf zielt darauf ab, das Eigenkapital von Shell zu reduzieren und wird innerhalb vordefinierter Parameter sowie der allgemeinen Ermächtigung des Unternehmens zur Rücknahme von Aktien durchgeführt.
- Shell is actively repurchasing shares, potentially increasing shareholder value
- The company has a structured buy-back programme in place until 25 October 2024
- Shell demonstrates financial strength to conduct significant share repurchases
- Large-scale share repurchases may reduce the company's cash reserves
Insights
Shell's share buyback program continues with the purchase of 625,000 shares on the London Stock Exchange at a volume-weighted average price of
The buyback is being executed within pre-set parameters and in accordance with regulatory requirements, including UK Listing Rules and Market Abuse Regulations. This structured approach suggests a well-planned capital allocation strategy, balancing shareholder returns with maintaining financial flexibility.
For investors, share buybacks can be seen as a positive signal, potentially indicating that management believes the stock is undervalued. It can also lead to improved earnings per share metrics. However, it's important to consider whether this capital could be better used for growth investments or strengthening the balance sheet, especially given the volatile nature of the energy sector.
Shell's continued share buyback activity reflects a broader trend in the oil and gas sector, where companies are focusing on shareholder returns amid strong cash flows. The purchase of shares across both London and Amsterdam exchanges indicates Shell's dual listing structure and its importance in European equity markets.
The volume-weighted average prices of
It's noteworthy that the buyback is part of a program announced on August 1, 2024, with a defined end date of October 25, 2024. This transparency in timeline and execution allows investors to anticipate the potential impact on share price and liquidity over a specific period, which can be valuable for short-term trading strategies and long-term portfolio adjustments.
Transaction in Own Shares
03 October, 2024
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 03 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 |
| 03/10/2024 | 625,000 | LSE | GBP | |||
| 03/10/2024 | - | Chi-X (CXE) | GBP | |||
| 03/10/2024 | - | BATS (BXE) | GBP | |||
| 03/10/2024 | 585,000 | XAMS | EUR | |||
| 03/10/2024 | - | CBOE DXE | EUR | |||
| 03/10/2024 | - | 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 03 October 2024?
What was the average price paid per share for Shell's (SHEL) stock repurchase on 03 October 2024?
When did Shell (SHEL) announce its current share buy-back programme?
Until what date will Shell's (SHEL) current share buy-back programme run?
