Transaction in Own Shares
On December 3, 2021, Royal Dutch Shell announced the purchase of 1,623,495 'B' shares as part of its buy-back program. The transactions were executed at prices ranging from 16.432 GBP to 16.692 GBP through venues like LSE and Chi-X. This buy-back arrangement, initially announced on December 2, 2021, is managed by BNP Paribas Exane. The company will operate within specific parameters under the Market Abuse Regulation while resuming share purchases until January 28, 2022. An earlier announcement incorrectly stated the buy-back date and trading entity details, but other information was accurate.
- Purchase of 1,623,495 'B' shares enhances shareholder value.
- Share buy-back reinforces confidence in the company's financial health.
- Announcement corrected previous errors regarding buy-back dates and trading entities.
- Market conditions may impact the effectiveness of the buy-back strategy.
| Transaction in Own Shares | ||||||
| 03 December 2021 | ||||||
| • • • • • • • • • • • • • • • • | ||||||
| Royal Dutch Shell plc (the ‘Company’) announces that on 03 December 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 | |
| 03/12/2021 | 1,364,905 | 16.692 | 16.432 | 16.548 | LSE | |
| 03/12/2021 | 179,000 | 16.684 | 16.436 | 16.547 | Chi-X (CXE) | |
| 03/12/2021 | 79,590 | 16.644 | 16.438 | 16.545 | BATS (BXE) | |
These share purchases form part of the Company's share buy-back arrangement previously announced on 02 December 2021.
In respect of this arrangement, BNP Paribas Exane will make trading decisions in relation to the Company’s securities independently of the Company for a period from 02 December 2021 up to and including 28 January 2022.
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 BNP Paribas Exane on behalf of the Company as a part of the buy-back arrangement is detailed below.
Please note that the announcement published 17:32 UK time on 02 December 2021 erroneously stated that the share buy-back arrangement was announced on 29 July 2021 instead of 02 December 2021 and that Exane BNP Paribas (instead of BNP Paribas Exane) would 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 instead of 02 December up to and including 28 January 2022. All other details of the announcement were correct
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 December 3, 2021?
What was the highest price paid for shares on December 3, 2021?
What is the purpose of Royal Dutch Shell's share buy-back program?
Who is managing the share buy-back arrangement for Royal Dutch Shell?
When does the share buy-back arrangement for Royal Dutch Shell end?
