Shell plc Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing by Shell plc (incorporated in England and Wales) covers share repurchase transactions conducted during the month of August 2023. The report was filed on September 4, 2023. The transactions relate to the Company's existing share buy-back programme announced on July 27, 2023, which includes both on-market and off-market limbs. Trading decisions for this period were executed independently by Citigroup Global Markets Limited under pre-set parameters.
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. The filing does not provide consolidated revenue, profit, cash flow, or debt metrics for the period, as it is a transaction-specific report rather than a financial statement.
| Date | Venue | Shares Purchased | Avg. Price (GBP) | Avg. Price (EUR) |
|---|---|---|---|---|
| 01 Aug 2023 | LSE / XAMS | 620,500 / 870,200 | £23.6308 | €27.9331 |
| 02 Aug 2023 | LSE / XAMS | 672,000 / 973,000 | £23.3573 | €27.5394 |
| 03 Aug 2023 | LSE / XAMS | 577,700 / 907,200 | £23.1734 | €27.2859 |
| 04 Aug 2023 | LSE / XAMS | 429,862 / 628,888 | £23.6406 | €27.8229 |
| 07 Aug 2023 | LSE / XAMS | 320,363 / 607,617 | £23.7479 | €27.9585 |
| 08 Aug 2023 | XAMS | 297,000 | - | €27.7475 |
| 10 Aug 2023 | LSE / XAMS | 1,280,000 / 1,550,000 | £24.3108 | €28.5222 |
| 11 Aug 2023 | LSE / XAMS | 1,030,000 / 1,280,000 | £24.0364 | €28.2027 |
| 14 Aug 2023 | LSE / XAMS | 745,000 / 1,050,000 | £23.9482 | €28.1896 |
| 16 Aug 2023 | LSE / XAMS | 750,000 / 950,000 | £23.5308 | €27.8696 |
| 17 Aug 2023 | LSE / XAMS | 550,000 / 825,000 | £23.6983 | €28.1666 |
| 18 Aug 2023 | LSE / XAMS | 662,037 / 968,571 | £23.4945 | €27.9116 |
| 21 Aug 2023 | LSE / XAMS | 522,000 / 802,000 | £23.7865 | €28.2401 |
| 22 Aug 2023 | LSE / XAMS | 627,400 / 799,602 | £23.7256 | €28.2372 |
| 23 Aug 2023 | LSE / XAMS | 750,000 / 925,000 | £23.5641 | €28.0021 |
| 24 Aug 2023 | LSE / XAMS | 557,000 / 885,000 | £23.6570 | €28.0332 |
| 25 Aug 2023 | LSE / XAMS | 487,000 / 738,400 | £23.8157 | €28.2021 |
| 28 Aug 2023 | XAMS | 590,000 | - | €28.3229 |
| 29 Aug 2023 | LSE / XAMS | 200,000 / 921,000 | £24.0959 | €28.4739 |
| 30 Aug 2023 | LSE / XAMS | 350,000 / 550,000 | £24.1748 | €28.5290 |
| 31 Aug 2023 | LSE / XAMS | 590,000 / 710,000 | £24.2071 | €28.6352 |
Material Changes and Program Details
The filing reports a consistent execution of the share buy-back programme throughout August 2023. The programme is scheduled to run from July 27, 2023, through October 27, 2023. No material changes to the programme's parameters or authority were announced in this filing; it serves as a regulatory disclosure of daily trading activity. The transactions were conducted in compliance with Chapter 12 of the Listing Rules and the Market Abuse Regulation (EU MAR and UK MAR).
Guidance, Outlook, and Risks
This filing does not contain management commentary, financial guidance, or outlook for future periods. It strictly details historical share repurchase data. The primary risk context provided is regulatory compliance, noting adherence to EU and UK Market Abuse Regulations regarding buy-back programmes.
Key Facts for Investor Verification
- Programme Duration: The buy-back programme is active from July 27, 2023, to October 27, 2023.
- Execution Agent: Citigroup Global Markets Limited executed trades independently under pre-set parameters.
- Trading Venues: Purchases were made on the London Stock Exchange (LSE) and Euronext Amsterdam (XAMS), with no activity reported on Chi-X, BATS, CBOE DXE, or TQEX during the reported dates.
- Share Treatment: All purchased shares were acquired for cancellation.
- Price Range: Average purchase prices ranged approximately between £23.17 and £24.31 on the LSE, and €27.29 and €28.64 on XAMS during the month.