Transaction in Own Shares

Rhea-AI Summary

On June 16, 2022, Shell plc announced the purchase of 4,000,000 shares for cancellation as part of its ongoing buy-back program initiated on May 5, 2022. The shares were acquired at prices ranging from £21.385 to £22.720, with a volume-weighted average price of £21.819. BNP Paribas Exane managed the trading decisions independently until July 22, 2022. This share buy-back is compliant with EU MAR and UK MAR regulations, aimed at enhancing shareholder value.

Positive

• Purchase of 4,000,000 shares indicates strong commitment to shareholder value.
• Shares bought at an average price of £21.819, potentially benefiting future earnings per share.

Negative

• None.

Transaction in Own Shares
16 June 2022
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 16 June 2022 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 (GBP)	Lowest price paid (GBP)	Volume weighted average price paid per share (GBP)	Venue
16/06/2022	3,100,000	22.720	21.385	21.819	LSE
16/06/2022	450,000	22.705	21.400	21.849	Chi-X (CXE)
16/06/2022	450,000	22.720	21.400	21.852	BATS (BXE)

These share purchases form part of the Company's share buy-back arrangement previously announced on 5 May 2022.

In respect of this arrangement, BNP Paribas Exane will make trading decisions in relation to the Company’s securities independently of the Company for a period from 5 May 2022 up to and including 22 July 2022.

Any such share purchases will be effected within certain pre-set parameters, and in accordance with the Company's general authority to repurchase shares, 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 (on 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 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 Delegation Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (on 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 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 full breakdown of the individual trades made by BNP Paribas Exane on behalf of the Company as a part of the buy-back arrangement is detailed below.

Enquiries
Media International: +44 (0) 207 934 5550
Media Americas: +1 832 337 4355


LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment

• RNS Report SHELL 2022 06 16

FAQ

What shares did Shell plc buy on June 16, 2022?

Shell plc purchased 4,000,000 shares for cancellation on June 16, 2022.

What was the average price paid for Shell shares on June 16, 2022?

The volume-weighted average price paid for Shell shares on June 16, 2022, was £21.819.

Who manages Shell's share buy-back program?

BNP Paribas Exane is responsible for managing Shell's share buy-back program.

How does Shell's share buy-back impact shareholders?

Shell's share buy-back can enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share.

What regulations govern Shell's share buy-back program?

Shell's share buy-back program is governed by EU MAR and UK MAR regulations.