Shell plc Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing, dated January 3, 2025, reports on Shell plc's share buy-back activities conducted during December 2024. The transactions are part of a broader share repurchase programme announced on October 31, 2024, which includes both on-market and off-market limbs. The programme is executed by Citigroup Global Markets Limited under pre-set parameters and is scheduled to run until January 24, 2025.
Key Financial Metrics
The filing details daily share purchases for cancellation across multiple trading venues, primarily the London Stock Exchange (LSE) in GBP and Euronext Amsterdam (XAMS) in EUR. No revenue, profit, or debt metrics are disclosed in this specific filing.
| Date | Total Shares Purchased | Primary Venues | Avg Price (GBP) | Avg Price (EUR) |
|---|---|---|---|---|
| 02 Dec 2024 | 2,097,900 | LSE, XAMS | £25.19 | €30.66 |
| 03 Dec 2024 | 1,385,000 | LSE, XAMS | £25.55 | €31.01 |
| 04 Dec 2024 | 2,037,670 | LSE, XAMS | £25.54 | €31.06 |
| 05 Dec 2024 | 2,065,000 | LSE, XAMS | £25.02 | €30.45 |
| 06 Dec 2024 | 2,130,000 | LSE, XAMS | £24.91 | €30.29 |
| 09 Dec 2024 | 1,235,380 | LSE, XAMS | £25.16 | €30.68 |
| 10 Dec 2024 | 1,830,000 | LSE, XAMS | £25.23 | €30.77 |
| 11 Dec 2024 | 1,940,000 | LSE, XAMS | £24.98 | €30.59 |
| 12 Dec 2024 | 1,745,000 | LSE, XAMS | £25.10 | €30.70 |
| 13 Dec 2024 | 2,150,000 | LSE, XAMS | £25.07 | €30.48 |
| 16 Dec 2024 | 2,450,000 | LSE, XAMS | £24.75 | €30.13 |
| 17 Dec 2024 | 2,680,000 | LSE, XAMS | £24.15 | €29.47 |
| 18 Dec 2024 | 2,043,200 | LSE, XAMS | £24.26 | €29.60 |
| 19 Dec 2024 | 1,989,900 | LSE, XAMS | £24.13 | €29.45 |
| 20 Dec 2024 | 2,151,509 | LSE, XAMS | £23.89 | €29.02 |
| 23 Dec 2024 | 2,030,000 | LSE, XAMS | £23.99 | €29.17 |
| 24 Dec 2024 | 1,703,000 | LSE, XAMS | £24.32 | €29.60 |
| 27 Dec 2024 | 1,933,000 | LSE, XAMS | £24.38 | €29.65 |
| 30 Dec 2024 | 1,492,000 | LSE, XAMS | £24.41 | €29.74 |
| 31 Dec 2024 | 1,360,000 | LSE, XAMS | £24.68 | €30.05 |
Material Changes and Trends
Share prices fluctuated throughout the month, with GBP-denominated shares trading between a low of approximately £23.75 (Dec 20) and a high of £25.73 (Dec 4). EUR-denominated shares ranged from approximately €28.88 (Dec 20) to €31.31 (Dec 4). The volume of shares purchased varied daily, with the highest single-day volume occurring on December 17 (2.68 million shares) and the lowest on December 3 (1.39 million shares).
Guidance, Outlook, and Risks
The filing confirms the continuation of the share buy-back programme through January 24, 2025. Trading decisions are made independently by Citigroup Global Markets Limited within pre-set parameters. The programme adheres to Chapter 9 of the UK Listing Rules and the Market Abuse Regulation (EU MAR/UK MAR). No specific financial guidance or new risk factors were disclosed in this report.
Key Facts for Investors
- Programme Status: Active buy-back programme running from October 31, 2024, to January 24, 2025.
- Execution Agent: Citigroup Global Markets Limited executes trades independently.
- Share Cancellation: All purchased shares are designated for cancellation.
- Trading Venues: Primary activity occurred on the London Stock Exchange (LSE) and Euronext Amsterdam (XAMS).
- Price Range: GBP trades ranged from ~£23.75 to ~£25.73; EUR trades ranged from ~€28.88 to ~€31.31 during the reporting period.