Transaction in Own Shares
Shell plc (SHEL) has announced a share buyback transaction executed on March 31, 2025, as part of its previously announced share repurchase program. The program, revealed on January 30, 2025, consists of both on-market and off-market components.
Investment bank Natixis has been appointed to independently manage trading decisions from January 30 to April 25, 2025. The buyback will be conducted in accordance with UK Listing Rules, EU and UK Market Abuse Regulations, and relevant statutory instruments.
The on-market portion will operate within pre-set parameters under the company's general share repurchase authority, while the off-market component will follow shareholder-approved buyback contract terms.
Shell plc (SHEL) ha annunciato una transazione di riacquisto di azioni eseguita il 31 marzo 2025, come parte del suo programma di riacquisto di azioni precedentemente annunciato. Il programma, rivelato il 30 gennaio 2025, consiste in componenti sia di mercato che fuori mercato.
La banca d'investimento Natixis è stata nominata per gestire in modo indipendente le decisioni di trading dal 30 gennaio al 25 aprile 2025. Il riacquisto sarà effettuato in conformità con le Regole di Quotazione del Regno Unito, le Normative sul Mercato Abusivo dell'UE e del Regno Unito, e gli strumenti legislativi pertinenti.
La parte di mercato opererà all'interno di parametri predefiniti sotto l'autorità generale di riacquisto di azioni della società, mentre la componente fuori mercato seguirà i termini del contratto di riacquisto approvati dagli azionisti.
Shell plc (SHEL) ha anunciado una transacción de recompra de acciones ejecutada el 31 de marzo de 2025, como parte de su programa de recompra de acciones previamente anunciado. El programa, revelado el 30 de enero de 2025, consta de componentes tanto en el mercado como fuera de él.
El banco de inversión Natixis ha sido designado para gestionar de manera independiente las decisiones de trading desde el 30 de enero hasta el 25 de abril de 2025. La recompra se llevará a cabo de acuerdo con las Reglas de Cotización del Reino Unido, las Regulaciones de Abuso de Mercado de la UE y del Reino Unido, y los instrumentos legales pertinentes.
La parte en el mercado operará dentro de parámetros preestablecidos bajo la autoridad general de recompra de acciones de la empresa, mientras que el componente fuera de mercado seguirá los términos del contrato de recompra aprobados por los accionistas.
Shell plc (SHEL)는 2025년 3월 31일에 실행된 주식 매입 거래를 발표했으며, 이는 이전에 발표된 주식 매입 프로그램의 일환입니다. 이 프로그램은 2025년 1월 30일에 공개되었으며, 시장 내 및 시장 외 부문으로 구성됩니다.
투자은행 Natixis는 2025년 1월 30일부터 4월 25일까지 거래 결정을 독립적으로 관리하기 위해 임명되었습니다. 매입은 영국 상장 규칙, EU 및 영국 시장 남용 규정, 그리고 관련 법령에 따라 수행됩니다.
시장 내 부분은 회사의 일반 주식 매입 권한 아래에서 미리 설정된 매개변수 내에서 운영되며, 시장 외 구성 요소는 주주 승인 매입 계약 조건을 따릅니다.
Shell plc (SHEL) a annoncé une opération de rachat d'actions effectuée le 31 mars 2025, dans le cadre de son programme de rachat d'actions précédemment annoncé. Le programme, révélé le 30 janvier 2025, se compose de composants à la fois sur le marché et hors marché.
La banque d'investissement Natixis a été nommée pour gérer de manière indépendante les décisions de trading du 30 janvier au 25 avril 2025. Le rachat sera effectué conformément aux règles de cotation du Royaume-Uni, aux réglementations sur les abus de marché de l'UE et du Royaume-Uni, ainsi qu'aux instruments législatifs pertinents.
La partie sur le marché fonctionnera dans des paramètres prédéfinis sous l'autorité générale de rachat d'actions de la société, tandis que le composant hors marché suivra les termes du contrat de rachat approuvés par les actionnaires.
Shell plc (SHEL) hat eine Aktienrückkauftransaktion angekündigt, die am 31. März 2025 durchgeführt wurde, als Teil seines zuvor angekündigten Aktienrückkaufprogramms. Das Programm, das am 30. Januar 2025 bekannt gegeben wurde, besteht aus sowohl Markt- als auch außerbörslichen Komponenten.
Die Investmentbank Natixis wurde beauftragt, die Handelsentscheidungen unabhängig vom 30. Januar bis zum 25. April 2025 zu verwalten. Der Rückkauf erfolgt gemäß den UK Listing Rules, den EU- und UK-Marktmissbrauchsvorschriften sowie den relevanten gesetzlichen Vorschriften.
Der Marktanteil wird innerhalb vordefinierter Parameter unter der allgemeinen Rückkaufbehörde des Unternehmens betrieben, während die außerbörsliche Komponente den von den Aktionären genehmigten Rückkaufvertragsbedingungen folgt.
- Implementation of share buyback program indicates strong cash position and commitment to return value to shareholders
- None.
Insights
Shell's share buyback announcement represents continued execution of their capital return program initially disclosed on January 30, 2025. While the specific number of purchased shares and transaction values aren't detailed in this announcement, the structured continuation of the buyback program signals management's confidence in the company's underlying value and free cash flow generation capabilities.
The program features both on-market and off-market components with independent execution by Natixis through April 25, 2025. This arrangement helps ensure regulatory compliance while potentially optimizing execution pricing. The methodical approach with pre-set parameters suggests disciplined capital allocation practices.
For investors, share buybacks generally create value through reduced share count, which can enhance earnings per share metrics and provide share price support. The continued implementation of this program alongside Shell's dividend policy indicates the company maintains healthy operational cash flows despite energy market volatility.
The presence of this ongoing buyback program reflects Shell's balanced approach to shareholder returns while maintaining financial flexibility. Without specific transaction details, this appears to be a routine execution update rather than a material expansion or reduction of the existing buyback strategy announced in January.
Transaction in Own Shares
31 March, 2025
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 31 March 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 |
| 31/03/2025 | 705,538 | | | | LSE | GBP |
| 31/03/2025 | 100,000 | | | | Chi-X (CXE) | GBP |
| 31/03/2025 | 100,000 | | | | BATS (BXE) | GBP |
| 31/03/2025 | 486,638 | | | | XAMS | EUR |
| 31/03/2025 | 100,000 | | | | CBOE DXE | EUR |
| 31/03/2025 | 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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