Transaction in Own Shares
Shell plc (SHEL) has announced share repurchases conducted on February 17, 2025, as part of its previously announced buyback programme. The company purchased:
- 912,367 shares on LSE, Chi-X, and BATS platforms in GBP, with prices ranging from £26.6750 to £26.9450
- 600,828 shares on XAMS and CBOE DXE platforms in EUR, with prices ranging from €32.1800 to €32.5200
The purchases are part of Shell's share buy-back programme announced on January 30, 2025, which will run until April 25, 2025. Natixis 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 il riacquisto di azioni effettuato il 17 febbraio 2025, nell'ambito del suo programma di buyback precedentemente annunciato. L'azienda ha acquistato:
- 912.367 azioni sulle piattaforme LSE, Chi-X e BATS in GBP, con prezzi che variano da £26.6750 a £26.9450
- 600.828 azioni sulle piattaforme XAMS e CBOE DXE in EUR, con prezzi che variano da €32.1800 a €32.5200
Gli acquisti fanno parte del programma di riacquisto di azioni di Shell annunciato il 30 gennaio 2025, che si protrarrà fino al 25 aprile 2025. Natixis sta eseguendo le operazioni in modo indipendente all'interno di parametri predefiniti, comprese le transazioni sia di mercato che fuori mercato, in conformità con le Regole di quotazione del Regno Unito e le Normative contro l'abuso di mercato.
Shell plc (SHEL) ha anunciado la recompra de acciones realizada el 17 de febrero de 2025, como parte de su programa de recompra previamente anunciado. La compañía adquirió:
- 912,367 acciones en las plataformas LSE, Chi-X y BATS en GBP, con precios que oscilan entre £26.6750 y £26.9450
- 600,828 acciones en las plataformas XAMS y CBOE DXE en EUR, con precios que oscilan entre €32.1800 y €32.5200
Las compras son parte del programa de recompra de acciones de Shell anunciado el 30 de enero de 2025, que se extenderá hasta el 25 de abril de 2025. Natixis está ejecutando las operaciones de manera independiente dentro de parámetros preestablecidos, incluidas transacciones tanto en mercado como fuera de mercado, cumpliendo con las Normas de Cotización del Reino Unido y las Regulaciones sobre Abuso de Mercado.
Shell plc (SHEL)는 2025년 2월 17일에 실시된 주식 매입을 발표했습니다. 이는 이전에 발표된 자사주 매입 프로그램의 일환입니다. 회사는 다음과 같은 주식을 구매했습니다:
- GBP로 LSE, Chi-X, BATS 플랫폼에서 912,367주를 £26.6750에서 £26.9450 사이의 가격으로 구매
- EUR로 XAMS 및 CBOE DXE 플랫폼에서 600,828주를 €32.1800에서 €32.5200 사이의 가격으로 구매
이번 매입은 2025년 1월 30일에 발표된 Shell의 자사주 매입 프로그램의 일환으로, 2025년 4월 25일까지 진행됩니다. Natixis는 영국 상장 규칙 및 시장 남용 규정을 준수하여 사전 설정된 매개변수 내에서 독립적으로 거래를 수행하고 있습니다.
Shell plc (SHEL) a annoncé des rachats d'actions effectués le 17 février 2025, dans le cadre de son programme de rachat précédemment annoncé. La société a acheté :
- 912 367 actions sur les plateformes LSE, Chi-X et BATS en GBP, avec des prix variant de £26.6750 à £26.9450
- 600 828 actions sur les plateformes XAMS et CBOE DXE en EUR, avec des prix variant de €32.1800 à €32.5200
Ces achats font partie du programme de rachat d'actions de Shell annoncé le 30 janvier 2025, qui se poursuivra jusqu'au 25 avril 2025. Natixis exécute les transactions de manière indépendante dans des paramètres prédéfinis, y compris des transactions sur le marché et hors marché, en conformité avec les règles de cotation du Royaume-Uni et les réglementations sur les abus de marché.
Shell plc (SHEL) hat den Aktienrückkauf bekannt gegeben, der am 17. Februar 2025 durchgeführt wurde, im Rahmen seines zuvor angekündigten Rückkaufprogramms. Das Unternehmen hat folgende Aktien gekauft:
- 912.367 Aktien an den Plattformen LSE, Chi-X und BATS in GBP, mit Preisen zwischen £26.6750 und £26.9450
- 600.828 Aktien an den Plattformen XAMS und CBOE DXE in EUR, mit Preisen zwischen €32.1800 und €32.5200
Die Käufe sind Teil des von Shell am 30. Januar 2025 angekündigten Rückkaufprogramms, das bis zum 25. April 2025 laufen wird. Natixis führt die Transaktionen unabhängig innerhalb vordefinierter Parameter aus, einschließlich sowohl Markt- als auch außerbörslicher Transaktionen, in Übereinstimmung mit den britischen Zulassungsregeln und den Marktmissbrauchsvorschriften.
- Active share buyback program reducing share count and potentially supporting stock price
- Significant volume of shares purchased across multiple trading venues showing strong execution
- None.
Insights
Shell's latest share buyback execution represents a strategic capital deployment, with 1,513,195 shares purchased across five major European trading venues. The transaction's sophisticated multi-venue approach, spanning both GBP and EUR markets, demonstrates an optimized execution strategy designed to enhance liquidity capture while minimizing market impact.
The volume-weighted average prices (VWAP) show minimal variation across venues, indicating efficient price discovery and execution. The LSE portion, comprising 715,974 shares at a VWAP of
This buyback execution is particularly noteworthy as it falls under the comprehensive framework announced on January 30, with independent execution by Natixis. The delegation to an independent financial institution, combined with pre-set parameters and strict regulatory compliance (UK/EU MAR), reflects robust corporate governance and market conduct standards.
For investors, these systematic buybacks serve multiple purposes:
- Enhanced earnings per share through share count reduction
- Efficient capital return mechanism in a tax-advantaged format
- Signal of management's confidence in the company's valuation and cash flow generation capacity
The execution across multiple venues and currencies also suggests a sophisticated approach to maintaining market liquidity while managing transaction costs, which ultimately benefits shareholders through more efficient capital deployment.
Transaction in Own Shares
17 February, 2025
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 17 February 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 |
| 17/02/2025 | 715,974 | | | | LSE | GBP |
| 17/02/2025 | 98,513 | | | | Chi-X (CXE) | GBP |
| 17/02/2025 | 97,880 | | | | BATS (BXE) | GBP |
| 17/02/2025 | 513,299 | | | | XAMS | EUR |
| 17/02/2025 | 87,529 | | | | CBOE DXE | EUR |
| 17/02/2025 | 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
How many shares did Shell (SHEL) repurchase on February 17, 2025?
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What was the price range for Shell (SHEL) share purchases on February 17, 2025?
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Which trading venues did Shell (SHEL) use for its February 17, 2025 share purchases?
