Transaction in Own Shares
On June 27, 2022, Shell plc announced the purchase of 3,000,408 shares for cancellation in a buy-back program. The shares were acquired at prices ranging from £20.780 to £21.320. Additionally, 639,000 and 479,000 shares were bought at similar prices through different trading venues. These transactions are part of an ongoing share buy-back initiative first disclosed on May 5, 2022, with BNP Paribas Exane executing the trades independently until July 22, 2022. The program adheres to regulatory standards including EU MAR and UK MAR.
- The share buy-back program could enhance shareholder value by reducing share supply.
- Purchasing 3,000,408 shares indicates a strong commitment to return capital to shareholders.
- None.
| Transaction in Own Shares | ||||||
| 27 June 2022 | ||||||
| • • • • • • • • • • • • • • • • | ||||||
| Shell plc (the ‘Company’) announces that on 27 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 | |
| 27/06/2022 | 3,000,408 | 21.320 | 20.780 | 21.148 | LSE | |
| 27/06/2022 | 639,000 | 21.315 | 20.775 | 21.137 | Chi-X (CXE) | |
| 27/06/2022 | 479,000 | 21.310 | 20.810 | 21.132 | 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 shares did Shell plc purchase on June 27, 2022?
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Who is executing the Shell share buy-back program?
What are the regulatory guidelines for Shell's share buy-back?
When does the Shell share buy-back program end?
