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Shell announces commencement of a share buyba...
Shell plc has announced the commencement of a $3.5 billion share buyback program, intended to reduce its issued share capital, with all repurchased shares to be cancelled. This program, expected to conclude before the Q1 2026 results, is divided equally with $1.75 billion allocated for purchases on London exchanges and $1.75 billion for Netherlands exchanges. The company has entered into irrevocable contracts with a single broker to execute these purchases, with a maximum of 400,000,000 ordinary shares eligible for repurchase under existing shareholder authorities. Disclaimer*
About this update from Shell Plc
[{"type":"text","content":"\n\n \n \n\n Shell announces commencement of a share buyback programme\n\nShell plc Shell announces commencement of a share buyback programme February 5, 2026 Shell plc (the ‘Company’) today announces the commencement of a $3.5 billion share buyback programme covering an aggregate contract term of approximately three months (the ‘programme’). The purpose of the programme is to reduce the issued share capital of the Company. All shares repurchased as part of the programme will be cancelled. It is intended that, subject to market conditions, the programme will be completed prior to the Company’s Q1 2026 results announcement. The Company has entered into an arrangement with a single broker consisting of two irrevocable, non-discretionary contracts, to enable the purchase of ordinary shares on both London market exchanges (the London Stock Exchange and/or on BATS and/or on Chi-X) (pursuant to one ‘London contract’) and Netherlands exchanges (Euronext Amsterdam and/or on CBOE Europe DXE and/or on Turquoise Europe) (pursuant to one ‘Netherlands contract’) for a period up to and including May 1, 2026. The aggregate maximum consideration for the purchase of ordinary shares under the London contract is $1.75 billion and the maximum consideration for the purchase of ordinary shares under the Netherlands contract is $1.75 billion. Purchases under the London contract will be carried out in accordance with the Company’s authority to repurchase shares on-market and will be effected within certain contractually agreed parameters. Purchases under the Netherlands contract will be carried out in accordance with the Company’s authority to repurchase shares off-market pursuant to the off-market share buyback contract approved by its shareholders and the parameters set out therein. The maximum number of ordinary shares which may be purchased or committed to be purchased by the Company under the programme (across both contracts) is 400,000,000, which is the maximum number remaining as of the date of this announcement pursuant to the relevant authorities granted by shareholders at the Company's 2025 Annual General Meeting. The broker will make its trading decisions in relation to the Company's securities independently of the Company. The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules, Article 5 of the Market Abuse Reg...