Transaction in Own Shares

Rhea-AI Summary

On June 11, 2024, Shell plc announced the purchase and cancellation of specific shares as part of its existing buy-back program initiated on May 2, 2024. The company bought 655,910 shares on the LSE, 92,071 on Chi-X, and 56,019 on BATS at an average price of £27.4738, £27.4516, and £27.4639 respectively. Additionally, it purchased 201,518 shares on XAMS, 90,189 on CBOE DXE, and 35,293 on TQEX at an average price of €32.6641, €32.6655, and €32.6657 respectively. BNP PARIBAS Financial Markets SNC will handle the trading until July 26, 2024, independently of the company. The program adheres to Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation.

Positive

• Share buy-back reduces the total number of outstanding shares, potentially increasing shareholder value.
• The buy-back program is conducted within pre-set parameters, ensuring disciplined capital allocation.
• Purchases were made at relatively high prices, reflecting the company's confidence in its stock value.
• The program is independently managed by BNP PARIBAS Financial Markets SNC, ensuring transparency and reduced conflict of interest.

Negative

• Significant capital outlay for share repurchases might limit available funds for other investments or operations.
• The necessity of a buy-back could imply the company lacks better growth opportunities or investment areas.
• Share buy-back programs can sometimes be perceived as efforts to inflate stock prices artificially.

Transaction in Own Shares

11 June, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 11 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
11/06/2024	655,910	£27.6500	£27.3800	£27.4738	LSE	GBP
11/06/2024	92,071	£27.6500	£27.3850	£27.4516	Chi-X (CXE)	GBP
11/06/2024	56,019	£27.6500	£27.3850	£27.4639	BATS (BXE)	GBP
11/06/2024	201,518	€32.7500	€32.5950	€32.6641	XAMS	EUR
11/06/2024	90,189	€32.7450	€32.5950	€32.6655	CBOE DXE	EUR
11/06/2024	35,293	€32.7500	€32.6000	€32.6657	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 11

FAQ

What did Shell announce on June 11, 2024?

Shell announced the repurchase and cancellation of specific shares as part of its existing buy-back program.

What was the average price paid for Shell shares on the LSE on June 11, 2024?

Shell paid an average price of £27.4738 per share on the LSE.

How many shares did Shell purchase on Chi-X on June 11, 2024?

Shell purchased 92,071 shares on Chi-X.

What is the end date for Shell's current share buy-back program?

The current share buy-back program ends on July 26, 2024.

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

BNP PARIBAS Financial Markets SNC is managing the share buy-back program independently.

What average price did Shell pay for shares on the XAMS on June 11, 2024?

Shell paid an average price of €32.6641 per share on the XAMS.

Which regulatory frameworks govern Shell's buy-back program?

The program is governed by Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation.