Shell plc Announces Share Transaction

TL;DR

Shell bought/sold its own stock on March 1st, details TBD.

AI Summary

Shell plc announced on March 1, 2024, that it has completed a transaction involving its own shares. The filing does not specify the nature of the transaction, the number of shares involved, or any associated financial amounts.

Why It Matters

Transactions in a company's own shares can signal management's view on the company's valuation and impact its capital structure.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of a share transaction without immediate financial implications or significant strategic shifts.

Key Players & Entities

• Shell plc (company) — Registrant
• March 1, 2024 (date) — Date of share transaction announcement

FAQ

Filing Documents

• f6k_040224.htm (6-K) — 267KB
• 0001171843-24-001793.txt ( ) — 268KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2024 Commission File Number: 1-32575 Shell plc (Exact name of registrant as specified in its charter) England and Wales (Jurisdiction of incorporation or organization) Shell Centre London, SE1 7NA United Kingdom (Address of principal executive office) ________________________________ Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [ X ] Form 40-F [ ] Transaction in Own Shares 1 March, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company’) announces that on 1 March 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 01/03/2024 931,038 £24.9700 £24.6700 £24.8424 LSE GBP 01/03/2024 - £0.0000 £0.0000 £0.0000 Chi-X (CXE) GBP 01/03/2024 - £0.0000 £0.0000 £0.0000 BATS (BXE) GBP 01/03/2024 853,885 €29.4600 €29.1500 €29.3358 XAMS EUR 01/03/2024 - €0.0000 €0.0000 €0.0000 CBOE DXE EUR 01/03/2024 - €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 1 February 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 1 February 2024 up to and including 26 April 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 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 Attachment Shell Share Buyback RNS - 01-Mar-24 complete (https://ml-eu.globenewswire.com/Resource/Download/ddc882d3-71e5-4fd0-900e-530ff3b6c754) Transaction in Own Shares 4 March, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company’) announces that on 4 March 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 04/03/2024 1,110,574 £25.0300 £24.5950 £24.7295 LSE GBP 04/03/2024 - £0.0000 £0.0000 £0.0000 Chi-X (CXE) GBP 04/03/2024 - £0.0000 £0.00

View Full Filing

View this 6-K filing on SEC EDGAR