Transaction in Own Shares
On June 13, 2022, Shell plc announced the purchase of 4,000,000 shares as part of its buy-back program initiated on May 5, 2022. The shares were acquired at a range of prices, with the highest at 23.250 GBP and the lowest at 22.595 GBP. The average price paid per share was 22.812 GBP. These transactions were conducted independently by BNP Paribas Exane and comply with the relevant market regulations, including EU MAR and UK MAR. The buy-back arrangement aims to enhance shareholder value by reducing the number of shares in circulation.
- Shell bought back 4,000,000 shares, signaling confidence in its stock.
- Share buy-back program can increase shareholder value by reducing share supply.
- Transactions executed under regulatory compliance, ensuring transparency.
- None.
| Transaction in Own Shares | ||||||
| 13 June 2022 | ||||||
| • • • • • • • • • • • • • • • • | ||||||
| Shell plc (the ‘Company’) announces that on 13 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 | |
| 13/06/2022 | 3,100,000 | 23.250 | 22.595 | 22.812 | LSE | |
| 13/06/2022 | 450,000 | 23.005 | 22.595 | 22.815 | Chi-X (CXE) | |
| 13/06/2022 | 450,000 | 23.010 | 22.595 | 22.815 | 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 share buy-back activities did SHEL announce on June 13, 2022?
What was the average price paid for SHEL shares during the buy-back on June 13, 2022?
Who executed the share transactions for SHEL's buy-back program?
How does SHEL's share buy-back impact shareholders?
What regulatory compliance did SHEL's buy-back transactions adhere to?
