Transaction in Own Shares

Rhea-AI Summary

On 1 March 2023, Shell plc announced the purchase of 1,399,300 shares for cancellation as part of its buy-back program initiated on 2 February 2023. The purchases occurred across various trading venues including LSE, Chi-X, BATS, and others, with prices ranging from £25.400 to £29.075 across different exchanges. The trading decisions are independently managed by BNP Paribas Exane until 28 April 2023. This buy-back complies with both EU and UK Market Abuse Regulations. The breakdown of individual trades reaffirms the company's commitment to enhancing shareholder value through strategic share repurchases.

Positive

• 1,399,300 shares purchased for cancellation, indicating a strong commitment to shareholder value.
• Prices ranged from £25.400 to £29.075, suggesting effective management of share buy-back costs.
• Independent trading decisions by BNP Paribas Exane may enhance the effectiveness of the buy-back program.

Negative

• None.

01 March, 2023

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 1 March 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
01/03/2023	402,435	£25.675	£25.400	£25.553	LSE	GBP
01/03/2023	42,587	£25.670	£25.405	£25.546	Chi-X (CXE)	GBP
01/03/2023	94,978	£25.630	£25.400	£25.546	BATS (BXE)	GBP
01/03/2023	746,619	€29.075	€28.740	€28.891	XAMS	EUR
01/03/2023	229,700	€29.060	€28.735	€28.894	CBOE DXE	EUR
01/03/2023	23,681	€29.070	€28.730	€28.894	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 February 2023.

In respect of this programme, BNP Paribas Exane will make trading decisions in relation to the securities independently of the Company for a period from 2 February 2023 up to and including 28 April 2023.

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 Exane 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 2023 03 01

FAQ

What shares did Shell plc purchase on 1 March 2023?

Shell plc purchased 1,399,300 shares for cancellation on 1 March 2023.

What is the range of prices paid by Shell for shares on 1 March 2023?

The prices Shell paid for shares ranged from £25.400 to £29.075 on 1 March 2023.

Who is managing the trading decisions for Shell's buy-back program?

BNP Paribas Exane is managing the trading decisions for Shell's buy-back program independently.

When does Shell's current buy-back program end?

Shell's current buy-back program, initiated on 2 February 2023, will end on 28 April 2023.

Which venues were used for Shell's share purchases on 1 March 2023?

Shell's share purchases on 1 March 2023 were made across trading venues including LSE, Chi-X, and BATS.