Transaction in Own Shares
Shell announced a share buy-back transaction conducted on June 5, 2024. The company repurchased a total of 2,300,000 shares across several trading venues. These purchases were part of a previously announced buy-back program.
Details of the repurchases include:
- LSE: 453,995 shares at an average price of £27.27
- BATS: 99,107 shares at an average price of £27.28
- Chi-X: 96,898 shares at an average price of £27.27
- XAMS: 1,245,072 shares at an average price of €32.21
- CBOE DXE: 340,050 shares at an average price of €32.24
- TQEX: 64,878 shares at an average price of €32.15
The buy-back program is managed by BNP Paribas and will run from May 2, 2024, to July 26, 2024, adhering to the UK and EU Market Abuse Regulations.
- Shell repurchased 2,300,000 shares, indicating confidence in its financial stability.
- Share buy-back could positively impact earnings per share (EPS) by reducing the number of outstanding shares.
- Repurchases were spread across multiple trading venues, showing strategic execution.
- No information on the total cost of the share buy-back was disclosed, leaving financial impacts unclear.
- The buy-back program may reduce available capital for other investments or debt reduction.
Transaction in Own Shares
5 June, 2024
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 5 June, 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 |
| 05/06/2024 | 453,995 | LSE | GBP | |||
| 05/06/2024 | 99,107 | BATS (BXE) | GBP | |||
| 05/06/2024 | 96,898 | Chi-X (CXE) | GBP | |||
| 05/06/2024 | 1,245,072 | XAMS | EUR | |||
| 05/06/2024 | 340,050 | CBOE DXE | EUR | |||
| 05/06/2024 | 64,878 | 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 May 2024.
In respect of this programme, BNP PARIBAS Financial Markets SNC will make trading decisions in relation to the securities independently of the Company for a period from 2 May 2024 up to and including 26 July 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 BNP PARIBAS Financial Markets SNC 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 did Shell announce on June 5, 2024?
What is the significance of Shell's share buy-back?
What were the average prices paid by Shell for the shares on June 5, 2024?
Until when will Shell's share buy-back program run?
Who manages Shell's share buy-back program?
