Transaction in Own Shares
Rhea-AI Summary
Shell plc (SHEL) has executed a significant share buyback transaction on April 16, 2025, as part of its previously announced buyback programme from January 30, 2025. The company purchased:
- 800,000 shares across LSE, Chi-X, and BATS venues in GBP, with prices ranging from £23.55 to £24.40
- 450,000 shares across XAMS and CBOE DXE venues in EUR, with prices ranging from €27.70 to €28.59
The buyback program, managed independently by Natixis, will continue until April 25, 2025. The purchases are being conducted through both on-market and off-market mechanisms, following UK Listing Rules, EU MAR, and UK MAR regulations.
Positive
- Ongoing share buyback program demonstrates strong capital return commitment to shareholders
- Substantial single-day purchase of 1.25 million shares indicates aggressive execution of buyback program
Negative
- None.
Insights
Shell's latest share buyback execution represents another step in their capital return strategy, with the company purchasing 1.25 million shares across multiple trading venues on April 16. The company acquired 800,000 shares across UK venues at prices between
Calculating the approximate daily expenditure, Shell spent roughly
This transaction is part of Shell's previously announced buyback program running through April 25, 2025, with independent financial institution Natixis executing trades on Shell's behalf. The program features both on-market and off-market components, operating within regulatory frameworks including UK Listing Rules and Market Abuse Regulations.
For shareholders, buybacks generally create value through multiple mechanisms. By reducing the number of outstanding shares, Shell can potentially increase earnings per share even without growing absolute profits. Additionally, buybacks create a price support mechanism by introducing a significant buyer to the market. For a company with Shell's substantial
The continuation of this buyback program signals management's confidence in Shell's financial position and their belief that the current share price represents good value for deploying capital. For investors, this demonstrates Shell's commitment to returning value while maintaining flexibility in their capital allocation strategy.
Transaction in Own Shares
16 April, 2025
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Shell plc (the ‘Company’) announces that on 16 April 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 |
| 16/04/2025 | 600,000 | | | | LSE | GBP |
| 16/04/2025 | 100,000 | | | | Chi-X (CXE) | GBP |
| 16/04/2025 | 100,000 | | | | BATS (BXE) | GBP |
| 16/04/2025 | 350,000 | | | | XAMS | EUR |
| 16/04/2025 | 100,000 | | | | CBOE DXE | EUR |
| 16/04/2025 | 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
How many shares did Shell (SHEL) purchase on April 16, 2025?
What is the price range for Shell's (SHEL) share buyback on April 16, 2025?
When will Shell's (SHEL) current share buyback programme end?
Who is managing Shell's (SHEL) share buyback programme?
