Transaction in Own Shares
On February 2, 2023, Shell plc announced the purchase of 1,866,000 shares for cancellation as part of its buy-back program. The shares were acquired across various trading venues, including the LSE, Chi-X, BATS, and others, with prices ranging from £23.340 to £24.390 in GBP and €26.275 to €27.370 in EUR. BNP Paribas Exane is managing the buy-back program, making independent trading decisions until April 28, 2023. The programme adheres to UK and EU regulations regarding share buybacks. This initiative reflects Shell's ongoing commitment to returning value to shareholders.
- Purchase of 1,866,000 shares indicates a commitment to shareholder value.
- Managed by BNP Paribas Exane enhances credibility of the buy-back process.
- Buy-back program conducted under regulated guidelines assures compliance.
- None.
02 February, 2023
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Shell plc (the ‘Company’) announces that on 2 February 2023 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 | Lowest price paid | Volume weighted average price paid per share | Venue | Currency |
| 02/02/2023 | 671,556 | LSE | GBP | |||
| 02/02/2023 | 157,352 | Chi-X (CXE) | GBP | |||
| 02/02/2023 | 161,092 | BATS (BXE) | GBP | |||
| 02/02/2023 | 746,000 | XAMS | EUR | |||
| 02/02/2023 | 220,000 | CBOE DXE | EUR | |||
| 02/02/2023 | 27,000 | TQEX | EUR |
These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 2 February 2023.
In respect of this programme, BNP Paribas Exane will make trading decisions in relation to the securities independently of the Company for a period from 2 February 2023 up to and including 28 April 2023.
The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with 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 (at 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 the Financial Services Act, 2021 and 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 Delegated Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 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 the Financial Services Act, 2021 and 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 breakdown of the individual trades made by BNP Paribas Exane on behalf of the Company as a part of the buy-back programme is detailed below.
Enquiries
Media International: +44 (0) 207 934 5550
Media Americas: +1 832 337 4335
LEI number of Shell plc: 21380068P1DRHMJ8KU70
Classification: Acquisition or disposal of the issuer’s own shares
Attachment
FAQ
What is the date of Shell's recent share buy-back announcement?
How many shares did Shell purchase for cancellation?
Who is managing Shell's share buy-back program?
What are the price ranges for the shares Shell bought back?
Until when will BNP Paribas Exane manage Shell's buy-back program?
