Transaction in Own Shares
Rhea-AI Summary
Shell plc (SHEL) has announced a share buyback transaction executed on February 21, 2025, as part of its previously announced share repurchase program. The program, revealed on January 30, 2025, consists of both on-market and off-market components.
Natixis has been appointed to independently manage trading decisions for the securities from January 30 to April 25, 2025. The on-market portion will operate within preset parameters under Shell's general share repurchase authority, while the off-market portion will follow shareholder-approved buyback contracts.
The program complies with UK Listing Rules Chapter 9, EU and UK Market Abuse Regulations, and related delegated regulations. The buyback demonstrates Shell's commitment to returning value to shareholders through share repurchases.
Positive
- Implementation of share buyback program indicates strong cash position
- Structured approach with both on-market and off-market components shows strategic capital allocation
- Independent management by Natixis ensures program objectivity and compliance
Negative
- Capital expenditure on buybacks reduces funds available for business operations or growth investments
News Market Reaction – SHEL
On the day this news was published, SHEL gained 0.28%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Transaction in Own Shares
21 February, 2025
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Shell plc (the ‘Company’) announces that on 21 February 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 |
| 21/02/2025 | 1,441,279 | | | | LSE | GBP |
| 21/02/2025 | 41,942 | | | | Chi-X (CXE) | GBP |
| 21/02/2025 | 41,655 | | | | BATS (BXE) | GBP |
| 21/02/2025 | 829,262 | | | | XAMS | EUR |
| 21/02/2025 | 25,430 | | | | CBOE DXE | EUR |
| 21/02/2025 | 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
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