Transaction in Own Shares

Rhea-AI Summary

Shell plc announces the purchase of shares for cancellation as part of its share buy-back program. The company bought a total of 1,535,000 shares on the LSE at a price range of £26.9250 to £27.7450 per share, with a volume-weighted average price of £27.4337. Additionally, shares were purchased on Chi-X, BATS, XAMS, CBOE DEX, and TQEX.

Transaction in Own Shares

November 2, 2023

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Shell plc (the 'Company') announces that on 2 November 2023 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
02/11/2023	1,535,000	£ 27.7450	£ 26.9250	£ 27.4337	LSE	GBP
02/11/2023	405,000	£ 27.7450	£ 26.9300	£ 27.4220	Chi-X (CXE)	GBP
02/11/2023	811,883	£ 27.7450	£ 26.9300	£ 27.4950	BATS (BXE)	GBP
02/11/2023	1,723,434	€ 32.2850	€ 31.3400	€ 31.9234	XAMS	EUR
02/11/2023	538,000	€ 32.2850	€ 31.3500	€ 31.9040	CBOE DXE	EUR
02/11/2023	85,940	€ 32.2750	€ 31.3650	€ 31.8719	TQEX	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 November 2023.   In respect of this programme, Goldman Sachs International will make trading decisions in relation to the securities independently of the Company for a period from 2 November 2023 up to and including 26 January 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 Goldman Sachs International 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

• 20231102_Shell RNS - full version

FAQ

What did Shell plc announce?

Shell plc announced the purchase of shares for cancellation as part of its share buy-back program.

How many shares did Shell plc purchase?

Shell plc purchased a total of 1,535,000 shares.

What was the price range of the shares purchased on the LSE?

The shares purchased on the LSE had a price range of £26.9250 to £27.7450 per share.

What was the volume-weighted average price of the shares purchased on the LSE?

The volume-weighted average price of the shares purchased on the LSE was £27.4337 per share.

On which other trading venues were shares purchased?

Shares were also purchased on Chi-X, BATS, XAMS, CBOE DEX, and TQEX.