Transaction in Own Shares
Shell plc (SHEL) announced on 10 October 2024 that it purchased 747,770 shares on the London Stock Exchange at a volume-weighted average price of £25.9393 per share, and 765,230 shares on Euronext Amsterdam at a volume-weighted average price of €31.2930 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 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.
Shell plc (SHEL) ha annunciato il 10 ottobre 2024 di aver acquistato 747.770 azioni sulla Borsa di Londra a un prezzo medio ponderato per volume di £25,9393 per azione, e 765.230 azioni su Euronext Amsterdam a un prezzo medio ponderato per volume di €31,2930 per azione. Questi acquisti fanno parte del programma di riacquisto di azioni esistente dell'azienda, annunciato il 1 agosto 2024.
Il programma comprende operazioni sia di mercato che fuori mercato, con Citigroup Global Markets che prenderà decisioni di trading indipendenti dal 1 agosto al 25 ottobre 2024. Il riacquisto avviene in conformità con le normative del Regno Unito e dell'UE, compresa la Regolamentazione sugli Abusi di Mercato e la Regolamentazione Delegata della Commissione.
Shell plc (SHEL) anunció el 10 de octubre de 2024 que compró 747.770 acciones en la Bolsa de Londres a un precio promedio ponderado por volumen de £25,9393 por acción, y 765.230 acciones en Euronext Ámsterdam a un precio promedio ponderado por volumen de €31,2930 por acción. Estas compras forman parte del programa de recompra de acciones existente de la empresa, anunciado el 1 de agosto de 2024.
El programa incluye operaciones tanto en el mercado como fuera de él, con Citigroup Global Markets tomando decisiones de trading independientes desde el 1 de agosto hasta el 25 de octubre de 2024. La recompra se lleva a cabo de acuerdo con las regulaciones del Reino Unido y la UE, incluyendo la Regulación de Abuso de Mercado y la Regulación Delegada de la Comisión.
셸 plc (SHEL)은 2024년 10월 10일 런던 증권 거래소에서 747,770주를 평균 가중 가격 £25.9393로 매입했으며, 유로넥스트 암스테르담에서 765,230주를 평균 가중 가격 €31.2930으로 매입했다고 발표했습니다. 이러한 구매는 2024년 8월 1일에 발표된 회사의 기존 자사주 매입 프로그램의 일환입니다.
이 프로그램은 시장 내 및 시장 외 거래를 포함하며, Citigroup Global Markets는 2024년 8월 1일부터 10월 25일까지 독립적인 거래 결정을 내립니다. 자사주 매입은 영국 및 EU 규정을 준수하여, 시장 남용 규정 및 위임 규정에 따라 실시됩니다.
Shell plc (SHEL) a annoncé le 10 octobre 2024 avoir acheté 747.770 actions sur la Bourse de Londres à un prix moyen pondéré par le volume de £25,9393 par action, et 765.230 actions sur Euronext Amsterdam à un prix moyen pondéré par le volume de €31,2930 par action. Ces achats font partie du programme de rachat d'actions existant de l'entreprise, annoncé le 1er août 2024.
Le programme comprend des transactions à la fois sur le marché et hors marché, Citigroup Global Markets prenant des décisions de trading indépendantes du 1er août au 25 octobre 2024. Le rachat est effectué conformément aux réglementations du Royaume-Uni et de l'UE, y compris le Règlement sur les abus de marché et le Règlement délégué de la Commission.
Shell plc (SHEL) gab am 10. Oktober 2024 bekannt, dass es 747.770 Aktien an der Londoner Börse zu einem volumengewichteten Durchschnittspreis von £25,9393 pro Aktie und 765.230 Aktien an der Euronext Amsterdam zu einem volumengewichteten Durchschnittspreis von €31,2930 pro Aktie erworben hat. Diese Käufe sind Teil des bestehenden Aktienrückkaufprogramms des Unternehmens, das am 1. August 2024 angekündigt wurde.
Das Programm umfasst sowohl Markt- als auch Off-Market-Transaktionen, wobei Citigroup Global Markets vom 1. August bis zum 25. Oktober 2024 unabhängige Handelsentscheidungen trifft. Der Rückkauf erfolgt gemäß den Vorschriften des Vereinigten Königreichs und der EU, einschließlich der Marktmissbrauchsverordnung und der delegierten Verordnung der Kommission.
- Shell is actively managing its capital structure through share repurchases
- The company is executing its previously announced share buy-back programme
- Significant cash outflow for share repurchases may impact available funds for other investments or operations
Insights
Shell's share buyback program continues, with the company purchasing 747,770 shares on the London Stock Exchange at a volume-weighted average price of
Share repurchases can be viewed positively by investors as they reduce the number of outstanding shares, potentially increasing earnings per share and shareholder value. However, the impact on Shell's stock price may be given the company's large market cap of
The buyback demonstrates Shell's confidence in its financial position and commitment to returning value to shareholders. It's important to note that this is a continuation of an existing program rather than a new initiative, which may already be priced into the stock.
Investors should consider the broader context, including Shell's performance in the energy sector, oil price trends and the company's strategic initiatives in renewable energy when evaluating the long-term implications of this buyback activity.
Transaction in Own Shares
10 October, 2024
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 10 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 |
| 10/10/2024 | 747,770 | LSE | GBP | |||
| 10/10/2024 | - | Chi-X (CXE) | GBP | |||
| 10/10/2024 | - | BATS (BXE) | GBP | |||
| 10/10/2024 | 765,230 | XAMS | EUR | |||
| 10/10/2024 | - | CBOE DXE | EUR | |||
| 10/10/2024 | - | 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 10 October 2024?
What was the average price paid per share for Shell's (SHEL) stock repurchase on 10 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?
