Transaction in Own Shares
On January 28, 2022, Shell plc announced the purchase of 136,550 'B' shares for cancellation as part of their previously established buy-back arrangement. The transactions were executed on the London Stock Exchange (LSE) with the highest price at £19.166 and the lowest at £18.788. The average price per share was £18.923. This buy-back initiative, managed independently by BNP Paribas Exane, was approved under regulatory frameworks including EU MAR and UK MAR. This action is expected to positively affect shareholder value by reducing the number of shares outstanding.
- Purchase of 136,550 'B' shares indicates a commitment to returning value to shareholders.
- The buy-back program is executed under regulatory compliance, ensuring legitimacy.
- None.
| Transaction in Own Shares | ||||||
| 28 January 2022 | ||||||
| • • • • • • • • • • • • • • • • | ||||||
| Shell plc (the ‘Company’) announces that on 28 January 2022 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 | |
| 28/01/2022 | 136,550 | 19.166 | 18.788 | 18.923 | LSE | |
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.
Enquiries
Media International: +44 (0) 207 934 5550
Media Americas: +1 832 337 4355
LEI number of Shell plc: 21380068P1DRHMJ8KU70
Classification: Acquisition or disposal of the issuer’s own shares
Attachment
FAQ
What shares did Shell plc buy back on January 28, 2022?
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What was the average price per share for Shell's buy-back on January 28, 2022?
Who managed the Shell buy-back program announced on January 28, 2022?
What regulatory frameworks govern Shell's buy-back program?
