Shell PLC Announces Major Buyback Programme: Purchases Over A Million Shares for Cancellation

In a strategic market move, Shell PLC, one of the world’s leading energy companies, has announced the acquisition of over a million of its own shares for cancellation. The Company confirmed it purchased 900,000 shares from the London Stock Exchange (LSE) and another 550,000 from Flanders-based Euronext Amsterdam (XAMS), making the total shares bought back 1,450,000.

The shares were acquired as part of Shell PLC’s extensive share buyback programme, setting a robust tone for the company’s future equity operations. This strategy is a testament to Shell’s commitment to efficient capital distribution and enhanced shareholder value. The buyback programme follows pre-set parameters and operates in accordance with the company’s general authority to repurchase on-market and off-market shares.

The programme, announced on 30 January 2025, outlines that Natixis will make independent trading decisions related to the securities, from the start date until 25 April 2025.

According to both EU and UK Market Abuse Regulations, individual trade details made by Natixis on behalf of Shell PLC as part of the buyback programme have been disclosed.

The substantial repurchase of shares, along with their subsequent cancellation, signals a confident step in strengthening Shell PLC’s market position. The buyback strategy illustrates the company’s commitment to enhanced value for its shareholders, demonstrating a strong outlook for its current and future equity operations.