Transaction in Own Shares
Rhea-AI Summary
Shell plc announces share repurchases conducted on November 12, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 572,000 shares on LSEG at prices between £25.1300 and £25.6000 (VWAP: £25.3235), and 375,000 shares on XAMS at prices between €30.5650 and €31.2350 (VWAP: €30.8892). The programme, managed independently by Citigroup Global Markets , will run until January 24, 2025, following UK Listing Rules and Market Abuse Regulations.
Positive
- Ongoing share buyback program demonstrates strong capital return policy to shareholders
- Significant share repurchase volume indicates robust financial position
Negative
- None.
News Market Reaction – SHEL
On the day this news was published, SHEL declined 1.90%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Transaction in Own Shares
12 November, 2024
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 12 November 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 |
| 12/11/2024 | 572,000 | LSE | GBP | |||
| 12/11/2024 | - | Chi-X (CXE) | GBP | |||
| 12/11/2024 | - | BATS (BXE) | GBP | |||
| 12/11/2024 | 375,000 | XAMS | EUR | |||
| 12/11/2024 | - | CBOE DXE | EUR | |||
| 12/11/2024 | - | 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 31 October 2024.
In respect of this programme, Citigroup Global Markets Limited will make trading decisions in relation to the securities independently of the Company for a period from 31 October 2024 up to and including 24 January 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 Citigroup Global Markets Limited 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
How many shares did Shell (SHEL) repurchase on November 12, 2024?
What was the price range for Shell's (SHEL) share buyback on November 12, 2024?
When will Shell's (SHEL) current share buyback program end?
