Transaction in Own Shares

Rhea-AI Summary

Shell announced the acquisition of its own shares on May 28, 2024, as part of its ongoing buy-back programme. The total shares purchased were 1,820,000, with transactions taking place across various venues. On the London Stock Exchange, 605,844 shares were bought at an average price of £27.7175. On Chi-X, 160,423 shares were acquired at £27.7167, and on BATS, 113,733 shares at £27.7200. In Europe, 584,899 shares were purchased on XAMS at €32.7447, 297,986 on CBOE DXE at €32.7274, and 57,115 on TQEX at €32.7403. BNP PARIBAS Financial Markets SNC will manage the trading independently until July 26, 2024. This buy-back initiative aligns with EU and UK Market Abuse Regulations.

Positive

• Total shares repurchased: 1,820,000, indicating strong cash position.
• Share repurchase supports stock price and shareholder value.
• Average purchase prices suggest a stable or appreciating stock value.
• Transactions managed by BNP PARIBAS ensuring third-party oversight.

Negative

• Capital allocation towards buy-backs may limit investment in growth opportunities.
• Short-term stock price boost might not reflect long-term value.
• Potential for reduced liquidity in the market due to share cancellation.
• Regulatory complexities and compliance costs associated with the buy-back.

Transaction in Own Shares

28 May, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 28 May, 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
28/05/2024	605,844	£27.9100	£27.6225	£27.7175	LSE	GBP
28/05/2024	160,423	£27.9100	£27.6250	£27.7167	Chi-X (CXE)	GBP
28/05/2024	113,733	£27.9100	£27.6250	£27.7200	BATS (BXE)	GBP
28/05/2024	584,899	€32.9450	€32.6250	€32.7447	XAMS	EUR
28/05/2024	297,986	€32.9200	€32.6200	€32.7274	CBOE DXE	EUR
28/05/2024	57,115	€32.9250	€32.6300	€32.7403	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 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 05 28

FAQ

What is the date of Shell's share repurchase announcement?

Shell announced the share repurchase on May 28, 2024.

How many shares did Shell purchase for cancellation on May 28, 2024?

Shell purchased a total of 1,820,000 shares for cancellation.

What was the volume-weighted average price paid per share on the London Stock Exchange?

The volume-weighted average price paid per share on the London Stock Exchange was £27.7175.

Which financial institution is managing Shell's share buy-back programme?

BNP PARIBAS Financial Markets SNC is managing Shell's share buy-back programme.

Until when will BNP PARIBAS manage Shell's trading decisions for the share buy-back?

BNP PARIBAS will manage Shell's trading decisions for the share buy-back until July 26, 2024.