Transaction in Own Shares

Rhea-AI Summary

On June 25, 2024, Shell purchased a total of 9,999 shares across various trading venues as part of its ongoing share buyback program announced on May 2, 2024. The purchases included:

• 4,449 shares on LSE at an average price of £28.1444.
• 420 shares on BATS (BXE) at £28.1161.
• 131 shares on Chi-X (CXE) at £28.1600.
• 3,776 shares on XAMS at €33.4064.
• 872 shares on CBOE DXE at €33.3905.
• 352 shares on TQEX at €33.3980.

The program is managed independently by BNP PARIBAS Financial Markets SNC and follows both EU MAR and UK MAR regulations.

Positive

• Shell executed the buyback of 9,999 shares, potentially enhancing shareholder value by reducing the total number of shares outstanding.
• The buyback was conducted at an average price that is consistent across different trading venues, showing a stable valuation of Shell's shares.

Negative

• None.

Transaction in Own Shares

25 June, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 25 June, 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
25/06/2024	4,449	£28.1800	£28.0950	£28.1444	LSE	GBP
25/06/2024	420	£28.1600	£28.1000	£28.1161	BATS (BXE)	GBP
25/06/2024	131	£28.1600	£28.1600	£28.1600	Chi-X (CXE)	GBP
25/06/2024	3,776	€33.4800	€33.3550	€33.4064	XAMS	EUR
25/06/2024	872	€33.4050	€33.3600	€33.3905	CBOE DXE	EUR
25/06/2024	352	€33.4000	€33.3950	€33.3980	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 06 25

FAQ

What is the significance of Shell's share buyback on June 25, 2024?

Shell purchased 9,999 shares as part of its share buyback program, which can increase shareholder value by reducing the total number of shares outstanding.

How many shares did Shell purchase on June 25, 2024?

Shell purchased a total of 9,999 shares across multiple trading venues on June 25, 2024.

What was the average price Shell paid for its shares on June 25, 2024?

The average prices paid were £28.1444 on LSE, £28.1161 on BATS (BXE), £28.1600 on Chi-X (CXE), €33.4064 on XAMS, €33.3905 on CBOE DXE, and €33.3980 on TQEX.

Which financial entity is managing Shell's share buyback program?

BNP PARIBAS Financial Markets SNC is managing Shell's share buyback program independently.

What regulations guide Shell's share buyback program?

Shell's share buyback program follows the EU Market Abuse Regulation (EU MAR) and the UK Market Abuse Regulation (UK MAR).