Shell plc (SHEL) Commences Second $4.5B Tranche of Share Buyback

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Go back to Shell plc (SHEL) Commences Second $4.5B Tranche of Share Buyback

Shell announces the second tranche of the share buyback programme

May 5, 2022 2:03 AM EDT

Shell plc

Shell announces the second tranche of the share buyback programme

May 5, 2022

Shell plc (the company) today announces the commencement of trading in the second tranche of its US$ 8.5 billion share buyback programme previously announced on February 3, 2022. The company completed the first tranche of this share buyback programme (the initial tranche) on May 4, 2022. In aggregate, between February 3, 2022 and May 4, 2022, the company repurchased 148,200,897  ordinary shares for an aggregate consideration of $4 billion. It is intended that, subject to market conditions, the second tranche of this buyback programme (the second tranche) will be completed... More