Transaction in Own Shares
On May 11, 2022, Shell plc announced the purchase of 3,612,000 shares for cancellation as part of its share buy-back program initiated on May 5, 2022.
Sentiment and the balance of points
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Rhea-AI Summary
On May 11, 2022, Shell plc announced the purchase of 3,612,000 shares for cancellation as part of its share buy-back program initiated on May 5, 2022. The share purchases were executed at varying prices, with the highest at £23.205 and the lowest at £22.395. The average price paid per share was £22.868. BNP Paribas Exane is responsible for the trading decisions related to these shares, which will occur within specified parameters according to UK and EU regulations. This strategic move aims to optimize shareholder value through share reduction.
Positive
- Shell bought back 3,612,000 shares, indicating strong commitment to shareholder value.
- Execution of buy-back within regulatory frameworks enhances investor confidence.
Negative
- None.
Details
News Market Reaction – SHEL
The recorded move for SHEL in the trading session of this news was +1.69%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
| Transaction in Own Shares | ||||||
| 11 May 2022 | ||||||
| • • • • • • • • • • • • • • • • | ||||||
| Shell plc (the ‘Company’) announces that on 11 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 | |
| 11/05/2022 | 2,751,000 | 23.205 | 22.395 | 22.868 | LSE | |
| 11/05/2022 | 443,000 | 23.185 | 22.395 | 22.827 | Chi-X (CXE) | |
| 11/05/2022 | 418,000 | 23.185 | 22.380 | 22.821 | 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
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