Transaction in Own Shares
On 17 March 2023, Shell plc announced the purchase of 5,170,000 shares for cancellation as part of its ongoing buy-back program initiated on 2 February 2023. The shares were acquired at prices ranging from £21.955 to £22.990 on the London Stock Exchange and other venues, with a volume-weighted average price of around £22.415 per share. The trading decisions were made independently by BNP Paribas Exane until 28 April 2023, adhering to regulatory requirements under EU MAR and UK MAR. This buyback is aligned with the company's strategy to enhance shareholder value.
- Purchase of 5,170,000 shares enhances shareholder value.
- Share repurchase aligns with ongoing buyback program initiated on 2 February 2023.
- None.
17 March, 2023
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Shell plc (the ‘Company’) announces that on 17 March 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 |
| 17/03/2023 | 1,500,049 | LSE | GBP | |||
| 17/03/2023 | 400,000 | Chi-X (CXE) | GBP | |||
| 17/03/2023 | 699,951 | BATS (BXE) | GBP | |||
| 17/03/2023 | 2,523,482 | XAMS | EUR | |||
| 17/03/2023 | 830,550 | CBOE DXE | EUR | |||
| 17/03/2023 | 115,968 | 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 shares did Shell plc purchase on 17 March 2023?
What was the range of prices for Shell plc's share buyback on 17 March 2023?
Who is responsible for trading decisions in Shell's buyback program until 28 April 2023?
How does Shell's buyback program comply with regulations?
