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Shell plc (SHEL) has announced share repurchases conducted on December 24, 2024, as part of its ongoing buyback program. The company purchased 1,045,000 shares on the London Stock Exchange at prices between £24.1950 and £24.3700, with a volume-weighted average price of £24.3179. Additionally, 658,000 shares were purchased on XAMS at prices between €29.4550 and €29.6600, with a volume-weighted average price of €29.5978.
These purchases are part of Shell’s share buy-back programme announced on October 31, 2024, which will continue until January 24, 2025. Citigroup Global Markets is executing the trades independently within pre-set parameters, in accordance with UK Listing Rules and Market Abuse Regulations.
Shell plc (SHEL) ha annunciato il riacquisto di azioni effettuato il 24 dicembre 2024, come parte del suo programma di buyback in corso. L’azienda ha acquistato 1.045.000 azioni alla Borsa di Londra a prezzi compresi tra £24.1950 e £24.3700, con un prezzo medio ponderato per il volume di £24.3179. Inoltre, 658.000 azioni sono state acquistate su XAMS a prezzi compresi tra €29.4550 e €29.6600, con un prezzo medio ponderato per il volume di €29.5978.
Questi acquisti fanno parte del programma di riacquisto di azioni di Shell annunciato il 31 ottobre 2024, che continuerà fino al 24 gennaio 2025. Citigroup Global Markets esegue le operazioni in modo indipendente all’interno di parametri predefiniti, in conformità con le Norme di Ammissione nel Regno Unito e le Regolamentazioni contro l’Abuso di Mercato.
Shell plc (SHEL) ha anunciado la recompra de acciones realizada el 24 de diciembre de 2024, como parte de su programa de recompra en curso. La compañía compró 1,045,000 acciones en la Bolsa de Londres a precios entre £24.1950 y £24.3700, con un precio promedio ponderado por volumen de £24.3179. Además, se compraron 658,000 acciones en XAMS a precios entre €29.4550 y €29.6600, con un precio promedio ponderado por volumen de €29.5978.
Estas compras son parte del programa de recompra de acciones de Shell anunciado el 31 de octubre de 2024, que continuará hasta el 24 de enero de 2025. Citigroup Global Markets está ejecutando las operaciones de manera independiente dentro de los parámetros preestablecidos, de acuerdo con las Normas de Cotización del Reino Unido y las Regulaciones sobre el Abuso de Mercado.
Shell plc (SHEL)는 2024년 12월 24일에 실시된 자사주 매입을 발표했습니다. 이는 지속적인 자사주 매입 프로그램의 일환입니다. 회사는 런던 증권 거래소에서 1,045,000주를 £24.1950에서 £24.3700 사이의 가격으로 매입했으며, 거래량 가중 평균 가격은 £24.3179입니다. 또한, XAMS에서 658,000주가 €29.4550에서 €29.6600 사이의 가격으로 매입되었고, 거래량 가중 평균 가격은 €29.5978입니다.
이러한 구매는 2024년 10월 31일에 발표된 Shell의 자사주 매입 프로그램의 일환으로, 2025년 1월 24일까지 계속될 예정입니다. Citigroup Global Markets는 미리 설정된 매개변수 내에서 독립적으로 거래를 수행하고 있으며, 이는 영국 상장 규칙 및 시장 남용 규제에 따른 것입니다.
Shell plc (SHEL) a annoncé des rachats d’actions réalisés le 24 décembre 2024, dans le cadre de son programme de rachat en cours. La société a acheté 1 045 000 actions sur la Bourse de Londres à des prix compris entre £24.1950 et £24.3700, avec un prix moyen pondéré par volume de £24.3179. De plus, 658 000 actions ont été achetées sur XAMS à des prix compris entre €29.4550 et €29.6600, avec un prix moyen pondéré par volume de €29.5978.
Ces achats font partie du programme de rachat d’actions de Shell annoncé le 31 octobre 2024, qui se poursuivra jusqu’au 24 janvier 2025. Citigroup Global Markets exécute les transactions de manière indépendante dans le cadre de paramètres prédéfinis, conformément aux règles de cotation du Royaume-Uni et aux réglementations sur les abus de marché.
Shell plc (SHEL) hat den Aktienrückkauf bekannt gegeben, der am 24. Dezember 2024 durchgeführt wurde, als Teil seines laufenden Rückkaufprogramms. Das Unternehmen kaufte 1.045.000 Aktien an der Londoner Börse zu Preisen zwischen £24.1950 und £24.3700, mit einem volumengewichteten Durchschnittspreis von £24.3179. Darüber hinaus wurden 658.000 Aktien an XAMS zu Preisen zwischen €29.4550 und €29.6600 gekauft, mit einem volumengewichteten Durchschnittspreis von €29.5978.
Diese Käufe sind Teil des von Shell am 31. Oktober 2024 angekündigten Aktienrückkaufprogramms, das bis zum 24. Januar 2025 andauern wird. Citigroup Global Markets führt die Transaktionen unabhängig innerhalb vordefinierter Parameter durch, in Übereinstimmung mit den britischen Zulassungsregeln und den Marktmissbrauchsvorschriften.
Positive
- Ongoing share buyback program indicates strong capital return policy to shareholders
- Significant volume of shares purchased (1,045,000 LSE + 658,000 XAMS) demonstrates commitment to the program
Insights
Shell’s latest share buyback activity shows strategic capital deployment, with the purchase of 1,045,000 shares on the London Stock Exchange at a volume-weighted average price of £24.3179 and 658,000 shares on Euronext Amsterdam at €29.5978. This execution aligns with the company’s previously announced buyback program from October 31, 2024.
The dual-market approach (LSE and Euronext) demonstrates sophisticated treasury management, taking advantage of liquidity in both major trading venues. The tight price ranges – £24.1950 to £24.3700 in London and €29.4550 to €29.6600 in Amsterdam – suggest well-executed block trades with minimal market impact.
For investors, this represents continued commitment to shareholder returns through capital redistribution. The independent execution by Citigroup Global Markets adds credibility to the process, ensuring compliance with market regulations and optimal pricing. The structured approach with pre-set parameters provides transparency and predictability to the market.
This systematic share repurchase represents effective balance sheet management by Shell. The total daily investment of approximately £44.5 million shows significant capital return capacity, reflecting strong cash flow generation. The timing and execution framework, extending to January 24, 2025, indicates careful planning to minimize market impact while maximizing shareholder value.
The regulatory compliance structure, incorporating both EU MAR and UK MAR frameworks post-Brexit, demonstrates sophisticated legal architecture. The dual-listing considerations and careful execution parameters suggest a well-thought-out approach to capital markets operations. The independent execution model through Citigroup adds a layer of governance that institutional investors particularly value.
Transaction in Own Shares
24 December, 2024
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 24 December 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 |
| 24/12/2024 | 1,045,000 | £24.3700 | £24.1950 | £24.3179 | LSE | GBP |
| 24/12/2024 | – | £0.0000 | £0.0000 | £0.0000 | Chi-X (CXE) | GBP |
| 24/12/2024 | – | £0.0000 | £0.0000 | £0.0000 | BATS (BXE) | GBP |
| 24/12/2024 | 658,000 | €29.6600 | €29.4550 | €29.5978 | XAMS | EUR |
| 24/12/2024 | – | €0.0000 | €0.0000 | €0.0000 | CBOE DXE | EUR |
| 24/12/2024 | – | €0.0000 | €0.0000 | €0.0000 | 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
FAQ
How many shares did Shell (SHEL) repurchase on December 24, 2024?
Shell purchased 1,045,000 shares on the London Stock Exchange and 658,000 shares on XAMS (Amsterdam) on December 24, 2024.
What is the price range of Shell’s (SHEL) share buyback on December 24, 2024?
On the London Stock Exchange, shares were purchased between £24.1950 and £24.3700, while on XAMS, the price range was €29.4550 to €29.6600.
When will Shell’s (SHEL) current share buyback program end?
The current share buyback program, announced on October 31, 2024, will continue until January 24, 2025.
Who is executing Shell’s (SHEL) share buyback trades?
Citigroup Global Markets is making trading decisions independently for Shell’s share buyback program.
