Transaction in Own Shares
Shell plc announced the purchase of shares for cancellation on 25 April 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Shell plc announced the purchase of shares for cancellation on 25 April 2022. A total of 2,200,000 shares were bought across various trading venues, including 1,200,000 shares on the LSE at an average price of £21.0191. The company's share buy-back program, initiated on 3 February 2022, continues until 4 May 2022. Trades are executed by Citigroup Global Markets Limited, ensuring compliance with UK and EU regulations. This buy-back aims to enhance shareholder value by reducing the number of outstanding shares.
Positive
- Share buy-back program aimed at enhancing shareholder value.
- Purchase of 2,200,000 shares reflects strong capital management.
- Engagement of Citigroup Global Markets Limited ensures expert execution.
Negative
- None.
Details
News Market Reaction – SHEL
The recorded move for SHEL in the trading session of this news was -3.08%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Transaction in Own Shares
25 April 2022
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 25 April 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 |
| 25/04/2022 | 1,200,000 | LSE | |||
| 25/04/2022 | 600,000 | BATS (BXE) | |||
| 25/04/2022 | 400,000 | Chi-X (CXE) |
These share purchases form part of the Company's share buy-back arrangement previously announced on 03 February 2022
In respect of this arrangement, Citigroup Global Markets Limited will make trading decisions in relation to the Company’s securities independently of the Company for a period from 3 February 2022 up to and including 4 May 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 Citigroup Global Markets Limited 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 4335
LEI number of Shell plc: 21380068P1DRHMJ8KU70
Classification: Acquisition or disposal of the issuer’s own shares
Attachment
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.