ARC RESOURCES LTD. FILES MANAGEMENT INFORMATION CIRCULAR FOR ARRANGEMENT WITH SHELL PLC AND PROVIDES BOARD UPDATE

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• The Consideration reflects accelerated value for ARC's undeveloped natural gas properties adjacent to Shell's operations which are connected to LNG Canada.

  60% confidence

• The Consideration reflects long-term commodity prices in line with or above mid-cycle levels and meaningfully above long-term futures prices as of the date of the Arrangement Agreement.

  60% confidence

• The Arrangement is expected to close in the second half of 2026, subject to regulatory approvals and conditions typical for a transaction of this nature.

  60% confidence

• Shell's Q1 2026 quarterly interim dividend amounted to US$0.3906 per Shell Share.

  60% confidence

• The buybacks announced with Shell's Q1 2026 results were the 18th consecutive quarter of share buybacks of at least US$3 billion.

  60% confidence

• Shell intends to maintain a significant operational presence in Western Canada and integrate ARC's people into its Canadian operations.

  60% confidence

• Shell is committed to returning 40 to 50% of cash flow from operations to shareholders through a 4% progressive dividend and share buybacks.

  60% confidence

• The Consideration of $32.80 per ARC Share represents a 27% premium to the closing price of ARC Shares on the TSX on April 24, 2026, the last trading day before the Arrangement was announced, and a meaningful premium to the 20-day and 30-day volume-weighted average trading prices.

  60% confidence

• The ARC Board believes the Consideration realizes premium value for ARC's long-duration Montney asset base, in particular recognizing the long-term resource potential of Attachie.

  60% confidence

• Shell's global scale and ongoing investment in employee development will benefit ARC's workforce and provide enhanced opportunities for professional growth and development.

  60% confidence

Data points we hold from this source