Shell plc Announces Purchase of Own Shares for Cancellation

Shell plc, a leading global energy company, has recently announced the purchase of its own shares for cancellation. This transaction is part of the company’s existing share buy-back program, which was previously announced on 27 July 2023.

The share purchases, made both on- and off-market, are being conducted in accordance with the company’s general authority to repurchase shares. Citigroup Global Markets Limited will be responsible for making trading decisions independently of the company for the duration of the program, which runs from 27 July 2023 to 27 October 2023.

Shell plc’s share buy-back program adheres to the regulations outlined in Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU, as well as the relevant UK legislation. The program is in compliance with the EU MAR and UK MAR, ensuring transparency and adherence to market regulations.

The company’s decision to repurchase its own shares reflects its confidence in its financial position and long-term prospects. By canceling the purchased shares, Shell plc aims to optimize its capital structure and enhance shareholder value.

Shell plc remains committed to its strategic objectives and continues to focus on delivering sustainable energy solutions. The company’s dedication to innovation and responsible business practices has positioned it as a leader in the energy industry.

For media inquiries, please contact Shell plc’s international and Americas media teams using the provided contact details.

As a global energy company, Shell plc’s actions in managing its share buy-back program contribute to the overall stability and growth of the business. With a strong commitment to sustainable practices, Shell plc continues to make significant contributions to the energy sector and the communities it serves.