- Shell plc (SHEL, Financial) repurchased 1.45 million shares as part of its ongoing buyback program.
- Share purchases were conducted across UK and European markets at prices ranging from £24.26 to £25.09 and €28.51 to €29.42, respectively.
- The current phase of the buyback program is set to conclude on April 25, 2025.
Shell plc (SHEL) has once again reinforced its commitment to enhancing shareholder value through its ongoing share buyback program. On April 23, 2025, the company acquired a total of 1.45 million shares across multiple markets. This buyback initiative is part of Shell's previously announced program aimed at optimizing its capital structure and returning surplus cash to shareholders.
The purchases included 900,000 shares bought from UK trading venues such as the London Stock Exchange, Chi-X, and BATS, with prices varying between £24.26 and £25.09 per share. In addition, Shell acquired 550,000 shares from European platforms like XAMS and CBOE DXE, priced between €28.51 and €29.42 each.
This transaction is part of the ongoing implementation of the share repurchase program announced on January 30, 2025. The current phase, handled by Natixis, is operating independently within predetermined parameters and is scheduled to end on April 25, 2025. This reflects Shell’s strategic approach to repurchases, conducted both on-market and off-market, adhering to regulatory requirements, including the UK Listing Rules and the Market Abuse Regulation.
The program underscores Shell’s proactive measures to enhance shareholder returns while maintaining compliance with market regulations. As of now, the buyback represents a modest fraction of Shell's total market capitalization, which stands at $186.2 billion. Such buybacks effectively reduce the number of outstanding shares, thus boosting the value of the remaining stock held by shareholders.
