Transaction in Own Shares
- Shell plc (SHEL) is actively repurchasing its own shares, indicating confidence in its financial position and future prospects.
- The company's buy-back program, managed by Goldman Sachs International, is being conducted in compliance with relevant regulations, ensuring transparency and legality.
- The detailed breakdown of share purchases, including prices paid and volumes, provides transparency to investors and potential insights into the company's valuation.
- The buy-back program extends until January 26, 2024, potentially signaling a long-term commitment to returning value to shareholders.
- None.
Transaction in Own Shares
November 13, 2023
• • • • • • • • • • • • • • • •
Shell plc (the 'Company') announces that on 13 November 2023 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 |
| 13/11/2023 | 31,045 | LSE | GBP | |||
| 13/11/2023 | - | - | - | - | Chi-X (CXE) | GBP |
| 13/11/2023 | - | - | - | - | BATS (BXE) | GBP |
| 13/11/2023 | 30,567 | XAMS | EUR | |||
| 13/11/2023 | - | - | - | - | CBOE DXE | EUR |
| 13/11/2023 | - | - | - | - | 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 2 November 2023.
In respect of this programme, Goldman Sachs International will make trading decisions in relation to the securities independently of the Company for a period from 2 November 2023 up to and including 26 January 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 12 of the 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 Goldman Sachs International 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
What is the purpose of Shell plc's share buy-back program?
Who is managing Shell plc's buy-back program?
What is the duration of Shell plc's buy-back program?
How is Shell plc's buy-back program compliant with regulations?
What insights can be gained from the detailed breakdown of share purchases?
