Transaction in Own Shares
On June 28, 2022, Shell plc announced the purchase of a total of 4,124,442 shares for cancellation as part of its ongoing buy-back program. This transaction included purchases on multiple trading venues, with shares bought at prices ranging from 21.500 GBP to 21.970 GBP. The buy-back program, initially announced on May 5, 2022, is managed by BNP Paribas Exane, which operates independently regarding trading decisions. The company's buy-back activities comply with relevant market regulations, including the EU Market Abuse Regulation.
- Completed buy-back of 4,124,442 shares, supporting share price.
- Shares purchased at an average of 21.806 GBP, indicating effective capital management.
- None.
| Transaction in Own Shares | ||||||
| 28 June 2022 | ||||||
| • • • • • • • • • • • • • • • • | ||||||
| Shell plc (the ‘Company’) announces that on 28 June 2022 it purchased the following number of Shares for cancellation. | ||||||
| Aggregated information on Shares purchased according to trading venue: | ||||||
| Date of purchase | Number of Shares purchased | Highest price paid (GBP) | Lowest price paid (GBP) | Volume weighted average price paid per share (GBP) | Venue | |
| 28/06/2022 | 3,211,937 | 21.950 | 21.500 | 21.806 | LSE | |
| 28/06/2022 | 637,000 | 21.970 | 21.505 | 21.817 | Chi-X (CXE) | |
| 28/06/2022 | 275,505 | 21.840 | 21.505 | 21.717 | BATS (BXE) | |
These share purchases form part of the Company's share buy-back arrangement previously announced on 5 May 2022.
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 5 May 2022 up to and including 22 July 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 (the “EU MAR Delegation Regulation”) and the 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
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