Sandra Leggero has a background in financial markets, having spent more than 9 years in commodities trading for several European and Asian companies. She holds a degree in Economics from the University of Pavia and specializes in emerging markets.
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Key Moments
Shell paused its $3 billion share buyback program starting June 12.
The suspension is set to remain in place through market close on July 14.
The pause is linked to requirements associated with Shell’s deal with ARC Resources.
Buyback Program Put on Hold
June 12 (Reuters) – Shell announced on Friday that it is suspending its $3 billion share repurchase program beginning on June 12 and continuing through market close on July 14.
Reason Tied to ARC Resources Deal
The company said the decision to pause the buyback is connected to certain requirements related to its transaction with ARC Resources.
Program Timing Overview
Event
Date / Period
Details
Buyback pause announced
June 12
Shell confirms suspension of its $3 billion share repurchase program
Start of pause
June 12
Buyback program put on hold from this date
Expected end of pause
Through market close on July 14
Program remains suspended until the close of trading on July 14
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