Transaction in Own Shares
On May 16, 2022, Shell plc announced the purchase of 3,821,263 shares for cancellation as part of its previously disclosed share buy-back program. The shares were acquired across multiple trading venues, including LSE and Chi-X, with the highest price per share reaching 23.400 GBP and the lowest at 22.920 GBP. The average price paid was 23.171 GBP. BNP Paribas Exane is managing the buy-back, adhering to regulations under the EU Market Abuse Regulation and UK law. This initiative is designed to enhance shareholder value by reducing the number of outstanding shares.
- Reduction of outstanding shares by 3,821,263, potentially enhancing shareholder value.
- Execution of share buy-back program as planned, demonstrating commitment to shareholder returns.
- None.
| Transaction in Own Shares | ||||||
| 16 May 2022 | ||||||
| • • • • • • • • • • • • • • • • | ||||||
| Shell plc (the ‘Company’) announces that on 16 May 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 | |
| 16/05/2022 | 2,937,000 | 23.400 | 22.920 | 23.171 | LSE | |
| 16/05/2022 | 441,263 | 23.370 | 22.940 | 23.169 | Chi-X (CXE) | |
| 16/05/2022 | 443,000 | 23.400 | 22.930 | 23.184 | 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 the purpose of Shell's share buy-back on May 16, 2022?
How many shares did Shell purchase on May 16, 2022?
What were the highest and lowest prices paid for Shell shares during the buy-back?
Who is managing Shell's share buy-back program?
What regulations govern Shell's share buy-back activities?
