Shell Launches $3.5 Billion Share Buyback

Shell (UK) (GB:SHEL) has released an update.

Shell plc has launched a $3.5 billion share buyback program to reduce its issued share capital, with plans to complete the repurchases before announcing its Q3 2024 results. The company has arranged two irrevocable contracts for the buyback of shares on both London and Netherlands exchanges, with an aggregate maximum consideration of $3.5 billion. The program, involving the potential buyback of up to 644.2 million shares, will be conducted in compliance with market regulations and is contingent on market conditions.

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