Transaction in Own Shares
On March 7, 2023, Shell plc announced the purchase of 1,935,000 shares for cancellation under its existing buy-back program initiated on February 2, 2023.
Sentiment and the balance of points
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Rhea-AI Summary
On March 7, 2023, Shell plc announced the purchase of 1,935,000 shares for cancellation under its existing buy-back program initiated on February 2, 2023. Purchases were made at prices ranging from £25.830 to £26.090 in GBP and €29.055 to €29.405 in EUR. The buy-back will be managed by BNP Paribas Exane, who will operate independently until April 28, 2023. This program complies with the regulatory frameworks of EU and UK MAR. The breakdown of trades provides detailed insight into this share repurchase activity, reflecting the company's ongoing commitment to enhancing shareholder value.
Positive
- 1,935,000 shares purchased for cancellation indicating strong capital return to shareholders.
- Engagement of BNP Paribas Exane to manage trading decisions, ensuring professional execution of the buy-back program.
Negative
- None.
Details
News Market Reaction – SHEL
The recorded move for SHEL in the trading session of this news was -1.55%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
07 March, 2023
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 7 March 2023 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 | Lowest price paid | Volume weighted average price paid per share | Venue | Currency |
| 07/03/2023 | 675,000 | LSE | GBP | |||
| 07/03/2023 | 50,000 | Chi-X (CXE) | GBP | |||
| 07/03/2023 | 100,000 | BATS (BXE) | GBP | |||
| 07/03/2023 | 940,000 | XAMS | EUR | |||
| 07/03/2023 | 100,000 | CBOE DXE | EUR | |||
| 07/03/2023 | 10,000 | TQEX | EUR |
These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 2 February 2023.
In respect of this programme, BNP Paribas Exane will make trading decisions in relation to the securities independently of the Company for a period from 2 February 2023 up to and including 28 April 2023.
The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with 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 (at 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 the Financial Services Act, 2021 and 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 Delegated Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 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 the Financial Services Act, 2021 and 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 breakdown of the individual trades made by BNP Paribas Exane on behalf of the Company as a part of the buy-back programme is detailed below.
Enquiries
Media International: +44 (0) 207 934 5550
Media Americas: +1 832 337 4335
LEI number of Shell plc: 21380068P1DRHMJ8KU70
Classification: Acquisition or disposal of the issuer’s own shares
Attachment
FAQ
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