Transaction in Own Shares
Shell plc (SHEL) has announced a continuation of its share buyback program on March 26, 2025. The program, initially announced on January 30, 2025, includes both on-market and off-market share purchases for cancellation.
The buyback will be executed by Natixis, which will make independent trading decisions from January 30, 2025, through April 25, 2025. The program operates under UK Listing Rules Chapter 9 and relevant Market Abuse Regulations, including both EU MAR and UK MAR compliance requirements.
The on-market portion will proceed within pre-set parameters under the Company's general share repurchase authority, while the off-market portion will follow shareholder-approved buyback contract terms.
Shell plc (SHEL) ha annunciato la continuazione del suo programma di riacquisto di azioni il 26 marzo 2025. Il programma, inizialmente annunciato il 30 gennaio 2025, include sia acquisti di azioni sul mercato che fuori mercato per la cancellazione.
Il riacquisto sarà eseguito da Natixis, che prenderà decisioni di trading indipendenti dal 30 gennaio 2025 fino al 25 aprile 2025. Il programma opera secondo le Regole di Quotazione del Regno Unito Capitolo 9 e le relative Normative sul Mercato Abusivo, inclusi i requisiti di conformità sia dell'UE MAR che del Regno Unito MAR.
La parte sul mercato procederà all'interno di parametri preimpostati sotto l'autorità generale di riacquisto di azioni della Società, mentre la parte fuori mercato seguirà i termini del contratto di riacquisto approvati dagli azionisti.
Shell plc (SHEL) ha anunciado la continuación de su programa de recompra de acciones el 26 de marzo de 2025. El programa, anunciado inicialmente el 30 de enero de 2025, incluye tanto compras de acciones en el mercado como fuera de él para su cancelación.
La recompra será ejecutada por Natixis, que tomará decisiones de trading independientes desde el 30 de enero de 2025 hasta el 25 de abril de 2025. El programa opera bajo las Reglas de Cotización del Reino Unido, Capítulo 9, y las Normativas de Abuso de Mercado relevantes, incluyendo los requisitos de cumplimiento tanto de la UE MAR como del Reino Unido MAR.
La parte en el mercado procederá dentro de parámetros preestablecidos bajo la autoridad general de recompra de acciones de la Compañía, mientras que la parte fuera de mercado seguirá los términos del contrato de recompra aprobados por los accionistas.
Shell plc (SHEL)는 2025년 3월 26일 주식 매입 프로그램의 지속을 발표했습니다. 이 프로그램은 2025년 1월 30일에 처음 발표되었으며, 주식의 시장 내외 구매를 포함하여 취소를 위한 것입니다.
매입은 Natixis에 의해 실행되며, 2025년 1월 30일부터 2025년 4월 25일까지 독립적인 거래 결정을 내릴 것입니다. 이 프로그램은 영국 상장 규정 제9장 및 관련 시장 남용 규정, EU MAR 및 영국 MAR 준수 요건을 따릅니다.
시장 내 부분은 회사의 일반 주식 매입 권한에 따라 미리 설정된 매개변수 내에서 진행되며, 시장 외 부분은 주주가 승인한 매입 계약 조건을 따릅니다.
Shell plc (SHEL) a annoncé la poursuite de son programme de rachat d'actions le 26 mars 2025. Le programme, initialement annoncé le 30 janvier 2025, comprend à la fois des achats d'actions sur le marché et hors marché pour annulation.
Le rachat sera exécuté par Natixis, qui prendra des décisions de trading indépendantes du 30 janvier 2025 au 25 avril 2025. Le programme fonctionne selon les règles de cotation du Royaume-Uni, chapitre 9, et les réglementations pertinentes sur les abus de marché, y compris les exigences de conformité à la fois de l'UE MAR et du Royaume-Uni MAR.
La partie sur le marché se déroulera dans des paramètres préétablis sous l'autorité générale de rachat d'actions de l'entreprise, tandis que la partie hors marché suivra les termes du contrat de rachat approuvés par les actionnaires.
Shell plc (SHEL) hat die Fortsetzung seines Aktienrückkaufprogramms am 26. März 2025 angekündigt. Das Programm, das ursprünglich am 30. Januar 2025 angekündigt wurde, umfasst sowohl Marktkäufe als auch außerbörsliche Käufe zur Stornierung.
Der Rückkauf wird von Natixis durchgeführt, die von 30. Januar 2025 bis 25. April 2025 unabhängige Handelsentscheidungen treffen wird. Das Programm unterliegt den UK Listing Rules Kapitel 9 und den relevanten Marktmissbrauchsregeln, einschließlich der Anforderungen an die Einhaltung sowohl der EU MAR als auch der UK MAR.
Der Teil auf dem Markt wird innerhalb vorab festgelegter Parameter unter der allgemeinen Rückkaufbefugnis des Unternehmens durchgeführt, während der Teil außerhalb des Marktes den von den Aktionären genehmigten Rückkaufvertragsbedingungen folgt.
- Share buyback program indicates strong cash position and commitment to return value to shareholders
- Independent execution by Natixis ensures market compliance and transparency
- None.
Insights
Shell's March 26 share repurchase announcement represents ongoing execution of its previously disclosed buyback program running from January 30 to April 25, 2025. The program includes both on-market and off-market components, with Natixis making independent trading decisions within pre-established parameters.
While the excerpt appears to be missing specific details about the quantity and value of shares repurchased on this particular date, the announcement confirms the buyback is proceeding as planned and in compliance with relevant UK and EU regulatory frameworks.
Share repurchase programs generally benefit shareholders by reducing the number of outstanding shares, which can support earnings per share metrics and share price. For major energy companies like Shell, buybacks represent one component of a balanced capital allocation strategy alongside dividends, debt management, and operational investments.
This announcement is primarily procedural in nature, confirming the continued execution of the previously announced capital return initiative rather than representing new strategic information. For investors tracking Shell's capital allocation approach, this provides transparency on ongoing shareholder return activities but doesn't materially change the investment thesis established when the overall program was initially announced in January.
Transaction in Own Shares
26 March, 2025
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 26 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 |
| 26/03/2025 | 230,893 | | | | LSE | GBP |
| 26/03/2025 | 42,503 | | | | Chi-X (CXE) | GBP |
| 26/03/2025 | 42,133 | | | | BATS (BXE) | GBP |
| 26/03/2025 | 160,174 | | | | XAMS | EUR |
| 26/03/2025 | 48,798 | | | | CBOE DXE | EUR |
| 26/03/2025 | 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
When will Shell's (SHEL) current share buyback program end?
What are the components of Shell's (SHEL) 2025 share buyback program?
Who is executing Shell's (SHEL) share buyback program in 2025?
What regulatory frameworks govern Shell's (SHEL) 2025 buyback program?
