Welcome to our dedicated page for Shell news (Ticker: SHEL), a resource for investors and traders seeking the latest updates and insights on Shell stock.
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 a share buyback on December 8, 2022, purchasing a total of 921,539 shares for cancellation at a volume-weighted average price of £23.3188. The buyback is part of an ongoing program initiated on October 27, 2022. Goldman Sachs International will manage trading decisions for the buyback until January 27, 2023. The transactions will adhere to the UK MAR and EU MAR regulations.
Shell plc has advised shareholders to reject an unsolicited mini-tender offer from TRC Capital Investment Corporation. TRC aims to purchase up to 2 million American Depositary Shares (ADSs), about 0.06% of Shell's outstanding shares, at $53.25 per ADS, a 4.52% discount to the last closing price of $55.77. The company emphasizes that this offer is below market value and encourages ADS holders to be cautious and not tender their shares. The SEC has warned that mini-tender offers may catch investors off guard and often lack the same protections as larger tender offers.
The Board of Shell plc announced the third quarter 2022 dividend payment of $0.25 per ordinary share, payable on December 19, 2022, to shareholders on the Register as of November 11, 2022. Shareholders can opt to receive dividends in USD, EUR, or GBP. As of November 25, 2022, the corresponding amounts are €0.2398 and 20.61p. Notably, due to Shell's tax residence change to the UK, dividends will not incur Dutch withholding tax.
Shell plc announced its total voting rights as of November 30, 2022, comprising 7,057,781,012 ordinary shares valued at €0.07 each. The company does not hold any shares in Treasury. This number serves as a key figure for shareholders to determine their reporting obligations under the FCA's Disclosure Guidance and Transparency Rules. The announcement also notes that this total includes shares from Shell's buy-back program that are yet to be canceled. The communication adheres to the Disclosure Guidance regulations.
BG Energy Capital PLC has announced a significant notice regarding its outstanding fixed-rate notes totaling £750 million and €900 million. Noteholders are invited to separate meetings via teleconference on December 20, 2022, to discuss resolutions related to the existing notes, including the 2025, 2029, 2033, and 2036 series. The notice provides detailed information about voting procedures and quorum requirements. Investors are advised to seek independent financial advice regarding the impact of the resolutions.
BG Energy Capital plc has announced Consent Solicitations for its outstanding Notes, allowing eligible holders to approve amendments to the terms of certain series. The proposed changes include substituting Shell plc as the guarantor, appointing Deutsche Trustee Company Limited as the successor trustee, and aligning specific provisions with Shell’s existing debt securities documentation. The Consent Solicitation will run from November 28, 2022, until 4:00 p.m. London time on December 15, 2022. Noteholders are encouraged to read the detailed Consent Solicitation Memorandum for full terms.
Shell plc announced the purchase of 1,500,000 shares on November 11, 2022, as part of its ongoing share buy-back program initiated on October 27, 2022. The highest price paid per share was £23.72, while the lowest was £22.94, with a volume-weighted average price of £23.52. Additional purchases include 499,099 shares and 1,999,553 shares in different trading venues, following compliance with EU MAR and UK MAR regulations. Goldman Sachs International will manage these purchases independently until January 27, 2023.
The press release dated 11 November 2022 announces the publication of the Prospectus Supplement and Shell plc's unaudited interim financial report for the nine months ended 30 September 2022. The documents must be viewed alongside the Information Memorandum from 26 September 2022. Investors are directed to specific URLs for detailed financial insights. The release emphasizes that the information is not intended for U.S. persons and advises readers to verify eligibility before accessing the information.
Shell plc announces the appointment of Catherine J. Hughes as a Non-executive Director on the Board of Valaris Limited (NYSE: VAL) effective November 9, 2022.
This declaration complies with Listing Rule 9.6.14R(2), highlighting regulatory adherence in corporate governance.
Shell plc has announced that Wael Sawan, the Integrated Gas, Renewables and Energy Solutions Director, received 9,386 shares as part of his compensation. This award represents 50% of his annual bonus and was granted on October 28, 2022, with shares priced at €28.125 each. The shares have a mandatory three-year holding period that applies even after the PDMR leaves the company. This disclosure complies with the EU Market Abuse Regulation. Detailed information regarding Shell's Directors’ Remuneration Policy is accessible via their annual report.