Shell announces commencement of a share buyback programme
Shell plc launched a share buyback program covering an aggregate term of approximately three months, consisting of $3.0 billion in new buybacks and a $1.232 billion carryover from a program previously suspended due to its acquisition of ARC Resources Ltd. The program will be executed via a single broker using two non-discretionary contracts on London and Netherlands exchanges, with maximum considerations of $2.821 billion and $1.411 billion respectively.
Key figures
- Max shares
- 565550000
- New buyback amount
- 3000000000
- London contract max
- 2821000000
- Carryover buyback amount
- 1232000000
- Netherlands contract max
- 1411000000
AI analysis
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