Transaction in Own Shares
Rhea-AI Summary
Shell plc announces the purchase of 710,831 shares on the London Stock Exchange and 585,684 shares on Euronext Amsterdam on September 19, 2024, as part of its existing share buy-back programme. The highest price paid was £26.0050 on LSE and €31.1900 on Euronext Amsterdam. This programme, announced on August 1, 2024, includes both on-market and off-market share repurchases. Citigroup Global Markets is making independent trading decisions for the programme, which will run until October 25, 2024. The buy-back is conducted in accordance with relevant regulations, including EU MAR, UK MAR, and the Commission Delegated Regulation (EU) 2016/1052.
Positive
- Continued execution of share buy-back programme, potentially increasing shareholder value
- Significant volume of shares repurchased: 710,831 on LSE and 585,684 on Euronext Amsterdam
Negative
- None.
News Market Reaction – SHEL
On the day this news was published, SHEL gained 1.47%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Transaction in Own Shares
19 September, 2024
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Shell plc (the ‘Company’) announces that on 19 September 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 |
| 19/09/2024 | 710,831 | LSE | GBP | |||
| 19/09/2024 | - | Chi-X (CXE) | GBP | |||
| 19/09/2024 | - | BATS (BXE) | GBP | |||
| 19/09/2024 | 585,684 | XAMS | EUR | |||
| 19/09/2024 | - | CBOE DXE | EUR | |||
| 19/09/2024 | - | 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 1 August 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 1 August 2024 up to and including 25 October 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 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 September 19, 2024?
What was the highest price paid for Shell (SHEL) shares in the buyback on September 19, 2024?
When is Shell's (SHEL) current share buy-back programme scheduled to end?
Who is making the trading decisions for Shell's (SHEL) share buy-back programme?
