Transaction in Own Shares
On 15 June 2022, Shell plc announced the purchase of 3,100,000 shares at a volume-weighted average price of £22.827. Additionally, 450,000 shares were acquired at a volume-weighted average of £22.833 from Chi-X and BATS trading venues. These transactions are part of a share buy-back program initiated on 5 May 2022, managed independently by BNP Paribas Exane. The buy-back complies with UK MAR and EU MAR regulations, reflecting Shell's strategic approach to enhance shareholder value.
- Part of an ongoing share buy-back program enhancing shareholder value.
- Shares purchased at an average price below current market levels, indicating a shareholder-friendly strategy.
- None.
| Transaction in Own Shares | ||||||
| 15 June 2022 | ||||||
| • • • • • • • • • • • • • • • • | ||||||
| Shell plc (the ‘Company’) announces that on 15 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 | |
| 15/06/2022 | 3,100,000 | 23.035 | 22.520 | 22.827 | LSE | |
| 15/06/2022 | 450,000 | 23.030 | 22.510 | 22.833 | Chi-X (CXE) | |
| 15/06/2022 | 450,000 | 23.035 | 22.520 | 22.834 | 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
What was Shell's share purchase announcement on June 15, 2022?
How many shares did Shell buy back on June 15, 2022?
What was the average price paid per share by Shell on June 15, 2022?
Who is managing Shell's share buy-back program?
What regulations does Shell's buy-back program comply with?
