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Oil major Shell said on Friday it was pausing its $3 billion share buyback programme from June 12 through market close on July 14, due to certain requirement related to its deal with ARC Resources (ARX.TO).
This is further to its May 7, 2026 announcement of the start of a $3.0 billion share buyback programme covering an aggregate contract term of approximately three months.
However, Shell plc today announces that, following publication of the ARC Resources Limited shareholder circular and due to related securities law requirements that apply to the Company, the programme is suspended from, and including, June 12, 2026 until, and including, market close on July 14, 2026, being the published date of the ARC shareholder meeting.
Any buybacks not undertaken due to such suspension will be part of the remaining 2026 programmes (subject to Board approval).
The Company will provide a further update if the suspension extends beyond the dates set out herein, She said.
