Shell plc Executes Share Buyback Program

On December 29, 2023, Shell plc, a global energy company, embarked on a significant transaction in its own shares, purchasing them back with the intention to cancel the acquired stock. This move is a part of the company's ongoing share repurchase strategy that was previously disclosed to the public on November 2, 2023.

Details of the Transaction

The shares were bought back across various trading venues, with the transaction details being publicly disclosed with respect to each platform. The total number of shares purchased, the highest, lowest, and the volume-weighted average prices paid per share are reported for each trading venue, which includes the London Stock Exchange (LSE), Chi-X (CXE), BATS (BXE), XAMS, CBOE DXE, and TQEX, utilizing both the British Pound (GBP) and the Euro (EUR).

Goldman Sachs International, acting independently from Shell plc, made the trading decisions concerning the repurchased securities. This arrangement will continue until January 26, 2024, within the set boundaries of the buyback program parameters.

Regulatory Compliance

The share repurchase campaign was conducted in compliance with the regulations set out in Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU, as well as its equivalent UK regulations post-Brexit.

These regulations are designed to govern buyback schemes and ensure transparency and fairness in such financial activities. The detailed breakdown of individual trades, as mandated by these regulatory bodies, was provided, evidencing the transparency of Shell plc's actions in reducing its share capital through these buybacks.

Shell, Buyback, Shares