Transaction in Own Shares
Shell plc (SHEL) has announced a share buyback transaction on March 20, 2025, as part of its existing share repurchase program previously announced on January 30, 2025. The program consists of both on-market and off-market components.
The buyback will be managed 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.
The on-market portion will follow pre-set parameters and Shell's general authority for market repurchases, while the off-market portion will be executed according to shareholder-approved buyback contracts.
Shell plc (SHEL) ha annunciato una transazione di riacquisto di azioni il 20 marzo 2025, come parte del suo programma di riacquisto di azioni già annunciato il 30 gennaio 2025. Il programma comprende sia componenti di mercato che fuori mercato.
Il riacquisto sarà gestito 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.
La parte di mercato seguirà parametri predefiniti e l'autorità generale di Shell per i riacquisti di mercato, mentre la parte fuori mercato sarà eseguita secondo contratti di riacquisto approvati dagli azionisti.
Shell plc (SHEL) ha anunciado una transacción de recompra de acciones el 20 de marzo de 2025, como parte de su programa de recompra de acciones previamente anunciado el 30 de enero de 2025. El programa consta de componentes tanto en el mercado como fuera de él.
La recompra será gestionada por Natixis, que tomará decisiones de negociación 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 Regulaciones de Abuso de Mercado relevantes.
La parte en el mercado seguirá parámetros preestablecidos y la autoridad general de Shell para las recompras en el mercado, mientras que la parte fuera de mercado se ejecutará de acuerdo con los contratos de recompra aprobados por los accionistas.
Shell plc (SHEL)는 2025년 3월 20일에 주식 재매입 거래를 발표했으며, 이는 2025년 1월 30일에 이전에 발표된 기존 주식 재매입 프로그램의 일환입니다. 이 프로그램은 시장 내 및 시장 외 구성 요소로 구성되어 있습니다.
재매입은 Natixis가 관리하며, 2025년 1월 30일부터 2025년 4월 25일까지 독립적인 거래 결정을 내립니다. 이 프로그램은 영국 상장 규정 제9장 및 관련 시장 남용 규정에 따라 운영됩니다.
시장 내 부분은 사전 설정된 매개변수와 Shell의 시장 재매입에 대한 일반 권한을 따르며, 시장 외 부분은 주주 승인 계약에 따라 실행됩니다.
Shell plc (SHEL) a annoncé une opération de rachat d'actions le 20 mars 2025, dans le cadre de son programme de rachat d'actions précédemment annoncé le 30 janvier 2025. Le programme se compose de composants sur le marché et hors marché.
Le rachat sera géré par Natixis, qui prendra des décisions de trading indépendantes du 30 janvier 2025 au 25 avril 2025. Le programme fonctionne conformément aux Règles de cotation du Royaume-Uni, Chapitre 9, et aux réglementations sur les abus de marché pertinentes.
La partie sur le marché suivra des paramètres prédéfinis et l'autorité générale de Shell pour les rachats sur le marché, tandis que la partie hors marché sera exécutée conformément aux contrats de rachat approuvés par les actionnaires.
Shell plc (SHEL) hat am 20. März 2025 eine Aktienrückkauftransaktion angekündigt, die Teil des bereits am 30. Januar 2025 angekündigten Rückkaufprogramms ist. Das Programm besteht sowohl aus Markt- als auch aus außerbörslichen Komponenten.
Der Rückkauf wird von Natixis verwaltet, das 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.
Der Marktanteil folgt vordefinierten Parametern und Shells allgemeiner Befugnis für Marktkäufe, während der außerbörsliche Anteil gemäß den von den Aktionären genehmigten Rückkaufverträgen ausgeführt wird.
- Share buyback program indicates strong cash position and commitment to return value to shareholders
- None.
Insights
Shell's latest share repurchase execution on March 20 represents another step in implementing their previously announced buyback program from January 30, 2025. This program involves both on-market and off-market components, with independent trading decisions being made by Natixis until April 25.
The company is executing its capital return strategy as planned, which typically suggests stable cash flow generation supporting both operational needs and shareholder returns. For energy majors like Shell, consistent buyback execution often indicates management's confidence in the underlying business fundamentals.
However, this particular announcement is purely procedural in nature. No specific details are provided regarding the number of shares purchased or the amount of capital deployed in this transaction. Without these quantitative metrics, it's impossible to assess the magnitude of this particular buyback tranche relative to Shell's
This appears to be a routine regulatory disclosure rather than a new strategic initiative or expansion of the existing program. While share repurchases generally support earnings per share metrics by reducing the outstanding share count, this particular update reveals no new information about Shell's capital allocation priorities or the overall size of the buyback program.
Transaction in Own Shares
20 March, 2025
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 20 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 |
| 20/03/2025 | 600,000 | | | | LSE | GBP |
| 20/03/2025 | 100,000 | | | | Chi-X (CXE) | GBP |
| 20/03/2025 | 100,000 | | | | BATS (BXE) | GBP |
| 20/03/2025 | 400,000 | | | | XAMS | EUR |
| 20/03/2025 | 100,000 | | | | CBOE DXE | EUR |
| 20/03/2025 | 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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