Transaction in Own Shares
Rhea-AI Summary
Shell plc (SHEL) announced the purchase of 707,500 shares for cancellation on July 25, 2024, as part of its existing share buy-back programme. The shares were bought across three venues: 448,974 shares on LSEG, 152,670 shares on Chi-X (CXE), and 105,856 shares on BATS (BXE). The highest price paid was £27.6450, while the lowest was £27.0950.
This purchase is part of Shell's on- and off-market share buy-back programme announced on May 2, 2024. BNP PARIBAS Financial Markets SNC is making independent trading decisions for the programme until July 26, 2024. The buy-back is being conducted in accordance with relevant regulations, including EU MAR, UK MAR, and the Commission Delegated Regulation (EU) 2016/1052.
Positive
- Shell is executing its share buy-back programme, potentially increasing shareholder value
- The company is purchasing shares across multiple trading venues, demonstrating liquidity
Negative
- The share buy-back may reduce the company's cash reserves
News Market Reaction – SHEL
On the day this news was published, SHEL gained 1.28%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Transaction in Own Shares
25 July, 2024
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Shell plc (the ‘Company’) announces that on 25 July, 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 |
| 25/07/2024 | 448,974 | LSE | GBP | |||
| 25/07/2024 | 152,670 | Chi-X (CXE) | GBP | |||
| 25/07/2024 | 105,856 | BATS (BXE) | GBP |
These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 2 May 2024.
In respect of this programme, BNP PARIBAS Financial Markets SNC will make trading decisions in relation to the securities independently of the Company for a period from 2 May 2024 up to and including 26 July 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 BNP PARIBAS Financial Markets SNC 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 July 25, 2024?
What was the highest price paid per share in Shell's (SHEL) recent buy-back?
When did Shell (SHEL) announce its current share buy-back programme?
Which financial institution is making trading decisions for Shell's (SHEL) buy-back programme?
