Transaction in Own Shares
On November 8, 2021, Royal Dutch Shell plc announced the purchase of 1,200,000 'B' shares as part of its ongoing buy-back arrangement. This includes 1,050,000 shares at prices ranging from £16.840 to £17.202 and is managed by Exane BNP Paribas independently. The buy-back program was initially announced on July 29, 2021, and follows the regulations set by EU MAR and UK MAR. This strategic move aims to potentially enhance shareholder value through share reduction.
- Acquisition of 1,200,000 'B' shares potentially reduces share supply, enhancing value for remaining shareholders.
- Ongoing buy-back program indicates management's confidence in the company's financial strength.
- None.
| Transaction in Own Shares | ||||||
| 08 November 2021 | ||||||
| • • • • • • • • • • • • • • • • | ||||||
| Royal Dutch Shell plc (the ‘Company’) announces that on 08 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 | |
| 08/11/2021 | 1,050,000 | 17.200 | 16.840 | 16.985 | LSE | |
| 08/11/2021 | 90,000 | 17.202 | 16.846 | 16.988 | Chi-X (CXE) | |
| 08/11/2021 | 60,000 | 17.202 | 16.846 | 16.987 | 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 was the total number of 'B' shares purchased by Royal Dutch Shell on November 8, 2021?
What prices did Royal Dutch Shell pay for its share buy-back on November 8, 2021?
Who is managing the share buy-back program for Royal Dutch Shell?
When was the initial announcement of the buy-back arrangement for Royal Dutch Shell?
What regulations govern the buy-back program of Royal Dutch Shell?
