Transaction in Own Shares
On 27 February 2023, Shell plc executed a share buyback, purchasing a total of 584,032 shares for cancellation. The highest price paid was £25.560, while the lowest was £25.185, with a volume-weighted average price of £25.368 across trades executed on the London Stock Exchange. Additional purchases included 5,165 shares at an average of £25.400 on Chi-X and 10,803 shares at £25.406 on BATS, among others. This buyback is part of an ongoing program announced on 2 February 2023, managed independently by BNP Paribas Exane until 28 April 2023, adhering to regulatory frameworks including UK and EU market abuse regulations.
- Share buyback program reflects commitment to returning value to shareholders.
- Execution of buyback under established regulatory frameworks enhances transparency.
- None.
27 February, 2023
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Shell plc (the ‘Company’) announces that on 27 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 |
| 27/02/2023 | 584,032 | LSE | GBP | |||
| 27/02/2023 | 5,165 | Chi-X (CXE) | GBP | |||
| 27/02/2023 | 10,803 | BATS (BXE) | GBP | |||
| 27/02/2023 | 503,904 | XAMS | EUR | |||
| 27/02/2023 | 14,816 | CBOE DXE | EUR | |||
| 27/02/2023 | 1,280 | 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 total number of shares Shell plc bought back on 27 February 2023?
What were the highest and lowest prices paid for shares in the buyback on 27 February 2023?
What is the purpose of Shell's share buyback program?
Who is managing Shell's share buyback program?
What regulatory frameworks govern Shell's share buyback program?
