BuybackMay 8, 2026, 04:58 AM
Shell plc Buys Back 1.23M Shares for £38.47M on May 7
AI Summary
Shell plc announced the purchase of 1,230,000 of its own shares for cancellation on May 7, 2026. These shares were acquired across the LSE and Chi-X trading venues, with a total value of approximately £38.47 million. This transaction is part of a previously announced share buy-back program, for which Goldman Sachs International will independently manage trading decisions until July 24, 2026, in compliance with relevant UK and EU regulations.
Key Highlights
- Shell plc purchased 1,230,000 of its own shares for cancellation on May 7, 2026.
- 1,000,000 shares were bought on the LSE at a volume-weighted average price of £31.2733.
- 230,000 shares were bought on Chi-X (CXE) at a volume-weighted average price of £31.2774.
- The total value of shares purchased on May 7, 2026, was approximately £38.47 million.
- These purchases are part of a share buy-back program announced on May 7, 2026.
- Goldman Sachs International will manage trading decisions for the program until July 24, 2026.
- The program adheres to UK Listing Rules and Market Abuse Regulations (EU MAR and UK MAR).