Royal Dutch Shell plc announces share buy-back programme
Royal Dutch Shell plc has announced that it has entered into an irrevocable, non-discretionary arrangement with an independent third party to enable the purchase of ordinary shares, for cancellation, during the 2014 fourth quarter results close period from 1 January 2015 up to and including 29 January 2015.
As previously announced, the purpose of the share buy-back programme is to offset dilution created by the issuance of shares for the company's Scrip Dividend Programme.
Any purchases will be affected within certain pre-set parameters and in accordance with the company's general authority to repurchase shares and Chapter 12 of the Listing Rules.
Adapted from press release
Read the article online at: https://www.oilfieldtechnology.com/exploration/02012015/royal-dutch-shell-announces-share-buy-back-programme-19/
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