Transaction in Own Shares

Rhea-AI Summary

On 3 July 2024, Shell plc announced the repurchase of its own shares as part of its ongoing buy-back programme. The company bought back 411,237 shares at an average price of £28.6267 on the London Stock Exchange, 168,394 shares at £28.6302 on Chi-X, and 110,369 shares at £28.6341 on BATS. Additionally, 3,931 shares were repurchased at €33.9357 on XAMS, and 1,069 shares at €33.9223 on CBOE DXE. These transactions were executed independently by BNP PARIBAS Financial Markets SNC, adhering to pre-set parameters and regulatory requirements under EU MAR and UK MAR.

Positive

• Shell repurchased a significant number of shares (695,000 in total) which usually indicates the company's confidence in its financial health and can positively affect shareholder value.

Negative

• None.

Transaction in Own Shares

3 July, 2024

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Shell plc (the ‘Company’) announces that on 3 July, 2024 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchase	Number of Shares purchased	Highest price paid	Lowest price paid	Volume weighted average price paid per share	Venue	Currency
03/07/2024	411,237	£28.8250	£28.5200	£28.6267	LSE	GBP
03/07/2024	168,394	£28.8250	£28.5250	£28.6302	Chi-X (CXE)	GBP
03/07/2024	110,369	£28.8150	£28.5250	£28.6341	BATS (BXE)	GBP
03/07/2024	3,931	€34.1100	€33.8450	€33.9357	XAMS	EUR
03/07/2024	1,069	€34.1100	€33.8450	€33.9223	CBOE DXE	EUR

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 2 May 2024.

In respect of this programme, BNP PARIBAS Financial Markets SNC will make trading decisions in relation to the securities independently of the Company for a period from 2 May 2024 up to and including 26 July 2024.

The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (the “EU MAR Delegated Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time.

In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by BNP PARIBAS Financial Markets SNC on behalf of the Company as a part of the buy-back programme is detailed below.

Enquiries

Media International: +44 (0) 207 934 5550

Media Americas: +1 832 337 4335

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment

• RNS Report SHELL 2024 07 03

FAQ

What number of shares did Shell repurchase on 3 July 2024?

Shell repurchased a total of 695,000 shares on 3 July 2024 across multiple trading venues.

What was the average price paid for Shell's repurchased shares on the London Stock Exchange?

The average price paid for Shell's repurchased shares on the London Stock Exchange was £28.6267.

Which entity executed Shell's share buy-back programme?

BNP PARIBAS Financial Markets SNC executed Shell's share buy-back programme independently.

What regulatory frameworks were followed for Shell's share buy-back programme?

Shell's share buy-back programme followed the EU MAR and UK MAR regulations.

When was Shell's share buy-back programme announced?

Shell's share buy-back programme was initially announced on 2 May 2024.