Shell plc reports recurring developments for an integrated energy group with American depositary shares that each represent two ordinary shares. Company news commonly covers operating and financial results across Integrated Gas, Upstream, Marketing, and Chemicals and Products, including LNG, production, trading and optimisation, refining, and chemicals activities.
Other updates focus on shareholder distributions and capital management, including interim dividends, share buyback programmes, purchases of ordinary shares for cancellation, and related Market Abuse Regulation disclosures. Shell also publishes governance and ownership notices, including annual meeting materials, director and PDMR shareholding notifications, and financial statements from Shell International Finance B.V.
Shell plc announced the purchase of 2.4 million shares on 5 April 2022 as part of its share buy-back arrangement initiated on 3 February 2022. The shares were bought at prices ranging from £20.9300 to £21.3150, with an average price of £21.1302 across various trading venues including LSE and BATS. Citigroup Global Markets Limited managed the trading decisions independently for this buy-back program, adhering to regulatory requirements from both EU and UK legislation. These actions are intended to enhance shareholder value through share cancellation.
On April 5, 2022, Shell plc disclosed transactions by Persons Discharging Managerial Responsibilities (PDMRs), who acquired dividend shares following the interim dividend payment on March 28, 2022. Key transactions included Jessica Uhl acquiring 308.24 SHELL shares at €24.91 and 249.19 SHEL ADS at $55.47. Other PDMRs such as Harry Brekelmans and Ronan Cassidy also acquired substantial share volumes. The report highlights continued share-based incentives despite Uhl's resignation as CFO effective March 31, 2022. More details are available in Shell's Annual Report for 2021.
Shell plc has published its 2021 Payments to Governments Report, detailing financial contributions made to various governments. This report is a regulatory requirement under the Disclosure and Transparency Rules and has been made available for public inspection through the National Storage Mechanism. For full details, the report can be downloaded from Shell's official website. The report highlights the company's commitment to transparency in its financial dealings with government entities.
Shell plc announced the purchase of 2.4 million shares for cancellation on April 4, 2022, as part of its share buyback program initiated on February 3, 2022. The purchases included transactions on various trading venues, with the highest price paid being £21.3600 and the lowest at £21.0250. The average price per share came to £21.1774. Citigroup Global Markets Limited managed the buyback decisions independently until May 4, 2022. These actions comply with the Market Abuse Regulation and relevant regulations post-Brexit.
Shell plc announced the purchase of 2.4 million shares on 1 April 2022 as part of its share buy-back program established on 3 February 2022. The shares were acquired across multiple trading venues, including LSE and BATS, with prices ranging from £20.84 to £21.21. The average price paid was approximately £21.07 per share. Citigroup Global Markets Limited is executing these trades independently until 4 May 2022, adhering to regulations outlined under UK MAR and EU MAR. This buy-back program aims to enhance shareholder value through the cancellation of repurchased shares.
On March 31, 2022, Jessica Uhl stepped down as Chief Financial Officer of Shell due to family circumstances. She will assist with the transition until June 30, 2022. As per the company’s Directors’ Remuneration Policy, she will receive a total of GBP 921,000 as a payment for loss of office, distributed over twelve bi-weekly installments. Jessica will continue to earn her base salary and benefits until her departure date, with pro-rated annual bonuses and long-term incentives subject to performance conditions. The company will update relevant information in its 2022 DRR.
Shell plc has announced its total voting rights and capital as of March 31, 2022, comprising 7,550,963,867 ordinary shares at €0.07 each. This figure excludes any treasury shares, as Shell holds none. Shareholders may use this number to assess their obligations under the FCA's Disclosure Guidance and Transparency Rules when reporting their interests. The reported figure includes shares from Shell's ongoing buy-back program, which have not yet been cancelled. This disclosure complies with regulatory requirements.
Shell plc announced the purchase of 2.4 million shares for cancellation on March 31, 2022. The shares were acquired across various trading venues, including LSE and BATS, with prices ranging from £20.7850 to £21.2100. This buy-back is part of a previously announced share repurchase program dated February 3, 2022, with trading decisions managed independently by Citigroup Global Markets Limited until May 4, 2022. The buy-back complies with EU and UK regulations concerning market abuse.
Shell plc announced on 30 March 2022 the acquisition of 2,400,000 shares for cancellation as part of its share buy-back program. Shares were purchased across different venues, with the highest price being £21.1400 and the lowest £20.5050. The volume-weighted average price paid per share was £20.9178. Citigroup Global Markets Limited is managing the buy-back, which is set to continue until 4 May 2022 under pre-set parameters in compliance with regulatory requirements.
Shell plc announced the purchase of 1,646,167 shares for cancellation on March 29, 2022, as part of its share buy-back arrangement initiated on February 3, 2022. The shares were acquired at an average price of £20.8331 per share on the London Stock Exchange and other venues, despite a power outage causing a delay in reporting. Citigroup Global Markets Limited is responsible for managing these transactions independently until May 4, 2022, under strict regulatory compliance.