Transaction in Own Shares
Shell plc (SHEL) has announced a share buyback transaction on March 28, 2025, as part of its existing share repurchase program previously announced on January 30, 2025. The program is being executed through both on-market and off-market purchases.
The buyback is being managed independently by Natixis, which will make trading decisions from January 30, 2025, through April 25, 2025. The program operates under UK Listing Rules Chapter 9 and Market Abuse Regulations, with specific parameters for both on-market and off-market purchases.
Shell plc (SHEL) ha annunciato una transazione di riacquisto di azioni il 28 marzo 2025, come parte del suo programma di riacquisto di azioni già annunciato il 30 gennaio 2025. Il programma viene eseguito attraverso acquisti sia sul mercato che fuori mercato.
Il riacquisto è gestito in modo indipendente da Natixis, che prenderà decisioni di trading dal 30 gennaio 2025 fino al 25 aprile 2025. Il programma opera secondo le Regole di quotazione del Regno Unito Capitolo 9 e le Normative sul mercato abusivo, con parametri specifici per gli acquisti sia sul mercato che fuori mercato.
Shell plc (SHEL) ha anunciado una transacción de recompra de acciones el 28 de marzo de 2025, como parte de su programa de recompra de acciones previamente anunciado el 30 de enero de 2025. El programa se está ejecutando a través de compras tanto en el mercado como fuera de él.
La recompra está siendo gestionada de forma independiente por Natixis, que tomará decisiones de trading 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, con parámetros específicos para las compras tanto en el mercado como fuera de él.
Shell plc (SHEL)는 2025년 3월 28일에 주식 재매입 거래를 발표했으며, 이는 2025년 1월 30일에 이전에 발표된 기존의 주식 재매입 프로그램의 일환입니다. 이 프로그램은 시장 내 및 시장 외에서의 구매를 통해 실행되고 있습니다.
재매입은 Natixis에 의해 독립적으로 관리되며, 2025년 1월 30일부터 2025년 4월 25일까지 거래 결정을 내릴 것입니다. 이 프로그램은 영국 상장 규칙 9장 및 시장 남용 규정에 따라 운영되며, 시장 내 및 시장 외 구매에 대한 특정 매개변수를 갖추고 있습니다.
Shell plc (SHEL) a annoncé une opération de rachat d'actions le 28 mars 2025, dans le cadre de son programme de rachat d'actions précédemment annoncé le 30 janvier 2025. Le programme est exécuté à la fois par des achats sur le marché et hors marché.
Le rachat est géré de manière indépendante par Natixis, qui prendra des décisions de trading du 30 janvier 2025 au 25 avril 2025. Le programme fonctionne selon les règles de cotation du Royaume-Uni, chapitre 9, et les réglementations sur les abus de marché, avec des paramètres spécifiques pour les achats sur le marché et hors marché.
Shell plc (SHEL) hat am 28. März 2025 eine Aktienrückkauftransaktion angekündigt, die Teil des bereits am 30. Januar 2025 angekündigten Aktienrückkaufprogramms ist. Das Programm wird sowohl durch Käufe am Markt als auch außerhalb des Marktes durchgeführt.
Der Rückkauf wird unabhängig von Natixis verwaltet, die vom 30. Januar 2025 bis zum 25. April 2025 Handelsentscheidungen treffen wird. Das Programm unterliegt den britischen Listungsregeln Kapitel 9 und den Marktmissbrauchsverordnungen, mit spezifischen Parametern für Käufe sowohl am Markt als auch außerhalb des Marktes.
- Implementation of share buyback program indicates strong capital return to shareholders
- Structured approach with both on-market and off-market purchases provides flexibility
- Capital expenditure on buybacks reduces funds available for business operations and growth
Insights
Shell's share buyback update represents a continuation of the company's previously announced capital return strategy initiated on January 30, 2025. This program allows Natixis to independently execute share repurchases through April 25, 2025, utilizing both on-market and off-market approaches.
While share buybacks generally indicate management's confidence in the company's financial position and create shareholder value by reducing outstanding shares, this particular announcement is a routine regulatory disclosure rather than a new initiative or expansion of the existing program. The disclosure lacks specific information about the number of shares purchased or prices paid, which would be necessary to evaluate the material impact of these specific transactions.
The structured nature of the program—with pre-set parameters and independent execution by Natixis—demonstrates Shell's commitment to regulatory compliance across UK and EU frameworks. This adherence to established governance protocols provides institutional safeguards around the buyback execution.
For investors, this particular announcement represents continuity rather than change in Shell's capital allocation strategy. Without specific transaction details or any modification to the previously announced buyback parameters, this update serves primarily as confirmation that the program remains active but offers new information that would materially impact valuation or investor sentiment beyond what was already factored into the market when the program was originally announced in January.
Transaction in Own Shares
28 March, 2025
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 28 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 |
| 28/03/2025 | 1,000,000 | | | | LSE | GBP |
| 28/03/2025 | 150,000 | | | | Chi-X (CXE) | GBP |
| 28/03/2025 | 150,000 | | | | BATS (BXE) | GBP |
| 28/03/2025 | 800,000 | | | | XAMS | EUR |
| 28/03/2025 | 150,000 | | | | CBOE DXE | EUR |
| 28/03/2025 | 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?
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What are the components of Shell's (SHEL) 2025 share buyback program?
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