Transaction in Own Shares

Rhea-AI Summary

On February 23, 2023, Shell plc announced the purchase of shares for cancellation as part of its ongoing buy-back program initiated on February 2, 2023. A total of 1,439,100 shares were bought across various trading venues, including the London Stock Exchange and others, with prices ranging from £24.395 to £28.390. This initiative is managed by BNP Paribas Exane, which will make independent trading decisions until April 28, 2023. The buy-back program complies with EU regulations and UK laws regarding share repurchases.

Positive

• Shell purchased 1,439,100 shares for cancellation, supporting stock value.
• Share buy-back program shows commitment to shareholder value enhancement.
• Independent trading decisions by BNP Paribas Exane can lead to effective execution of the buy-back.

Negative

• None.

23 February, 2023

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 23 February 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
23/02/2023	370,676	£24.960	£24.395	£24.603	LSE	GBP
23/02/2023	123,402	£24.865	£24.405	£24.618	Chi-X (CXE)	GBP
23/02/2023	175,922	£24.875	£24.400	£24.597	BATS (BXE)	GBP
23/02/2023	480,164	€28.390	€27.760	€27.980	XAMS	EUR
23/02/2023	140,017	€28.180	€27.765	€27.937	CBOE DXE	EUR
23/02/2023	19,819	€28.310	€27.780	€28.031	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 02 23

FAQ

How many shares did Shell buy on February 23, 2023?

Shell purchased a total of 1,439,100 shares for cancellation on February 23, 2023.

What was the highest price Shell paid for its shares on February 23, 2023?

The highest price paid by Shell on February 23, 2023, was £24.960.

What is the purpose of Shell's share buy-back program announced on February 2, 2023?

The purpose of Shell's share buy-back program is to enhance shareholder value by purchasing shares for cancellation.

Who is managing Shell's share buy-back program?

BNP Paribas Exane is managing Shell's share buy-back program and will make independent trading decisions.

When does Shell's share buy-back program conclude?

Shell's share buy-back program is set to conclude on April 28, 2023.