News & Media releases

Stock option hedging

09/08/2004

THE "SHELL" TRANSPORT AND TRADING COMPANY, P.L.C. (the "Company")

We write to inform you that on 6 August, 2004 The Shell Petroleum Company Limited purchased 1,400,000 ordinary shares in the Company at 393.49 pence each.  On the same date, B.V. Nederlandse Internationale Industrie - en Handel Maatschappij, a subsidiary of Shell Petroleum N.V., purchased 950,000 ordinary shares in the Company at 393.49 pence each.

The shares were acquired for the purposes of the respective stock option plans of The Shell Petroleum Company Limited and Shell Petroleum N.V. which confer stock options on certain employees. 

We have provided this notification although neither purchasing company is “a Group Company” of The “Shell” Transport and Trading Company, p.l.c. for the purpose of Paragraph 15.9 of The Listing Rules.