Transaction in Own Shares
On November 4, 2021, Royal Dutch Shell announced the purchase of 1,200,000 'B' shares under its buy-back scheme initiated on July 29, 2021. The transactions included purchases through multiple venues, with the highest price per share at £16.742 and the lowest at £16.342. This buy-back program is managed by Exane BNP Paribas, who will execute trades independently until December 29, 2021. Compliance with regulations, including EU MAR and UK MAR, is assured in these share repurchases.
- Execution of a significant share buy-back program enhances shareholder value.
- Purchase of 1,200,000 shares indicates strong capital management strategy.
- Potential dilution of shares if buy-backs do not lead to price stabilization.
| Transaction in Own Shares | ||||||
| 04 November 2021 | ||||||
| • • • • • • • • • • • • • • • • | ||||||
| Royal Dutch Shell plc (the ‘Company’) announces that on 04 November 2021 it purchased the following number of 'B' Shares for cancellation. | ||||||
| Aggregated information on “B” shares purchased according to trading venues: | ||||||
| Date of purchase | Number of “B” shares purchased | Highest price paid (GBP) | Lowest price paid (GBP) | Volume weighted average price paid per share (GBP) | Venue | |
| 04/11/2021 | 1,050,000 | 16.742 | 16.354 | 16.572 | LSE | |
| 04/11/2021 | 90,000 | 16.736 | 16.342 | 16.565 | Chi-X (CXE) | |
| 04/11/2021 | 60,000 | 16.742 | 16.362 | 16.567 | BATS (BXE) | |
These share purchases form part of the Company's share buy-back arrangement previously announced on 29 July 2021.
In respect of this arrangement, Exane BNP Paribas will make trading decisions in relation to the Company’s securities independently of the Company for a period from 29 July 2021 up to and including 29 December 2021.
Any such share purchases will be effected within certain pre-set parameters, and in accordance with the Company's general authority to repurchase shares, Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law from the end of the Brexit transition period (on 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (“EU MAR Delegation Regulation”) and EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (on 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time.
In accordance with EU MAR and UK MAR, a full breakdown of the individual trades made by Exane BNP Paribas on behalf of the Company as a part of the buy-back arrangement is detailed below.
Enquiries
Media International: +44 (0) 207 934 5550
Media Americas: +1 832 337 4355
LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70
Classification: Acquisition or disposal of the issuer’s own shares
Attachment
FAQ
What shares did Royal Dutch Shell purchase on November 4, 2021?
What was the highest price paid for Shell's 'B' shares during the buy-back on November 4, 2021?
Who is managing the share buy-back program for Royal Dutch Shell?
What regulatory compliance is associated with Royal Dutch Shell's share buy-back?
How many shares did Royal Dutch Shell cancel as part of the buy-back program?
