Transaction in Own Shares

Rhea-AI Summary

Shell plc announced a share buy-back on 28 April 2022, purchasing 2 million shares for cancellation, aligning with the previously declared arrangement on 3 February 2022. The transactions included purchases on LSE, BATS, and Chi-X, with prices ranging from £21.1900 to £21.8750 per share. Citigroup Global Markets Limited executed the trades independently, adhering to regulatory parameters. Shell's LEI number is 21380068P1DRHMJ8KU70.

Positive

• Shell purchased 2 million shares, indicating confidence in its stock value.
• Share buy-back may enhance shareholder value by reducing share supply.

Negative

• None.

Transaction in Own Shares

28 April 2022

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Shell plc (the ‘Company’) announces that on 28 April 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
28/04/2022	1,000,000	£21.8750	£21.1900	£21.6834	LSE
28/04/2022	600,000	£21.8750	£21.1900	£21.6818	BATS (BXE)
28/04/2022	400,000	£21.8750	£21.2000	£21.6821	Chi-X (CXE)

These share purchases form part of the Company's share buy-back arrangement previously announced on 03 February 2022

In respect of this arrangement, Citigroup Global Markets Limited will make trading decisions in relation to the Company’s securities independently of the Company for a period from 3 February 2022 up to and including 4 May 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 Citigroup Global Markets Limited 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 4335

LEI number of Shell plc: 21380068P1DRHMJ8KU70

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

Attachment

• Transaction in Own Shares 280422

FAQ

What is the total number of shares purchased by Shell on April 28, 2022?

Shell purchased 2 million shares on April 28, 2022.

What were the highest and lowest prices per share for Shell on April 28, 2022?

The highest price was £21.8750 and the lowest was £21.1900 per share.

Who was responsible for executing Shell's share buy-back program?

Citigroup Global Markets Limited executed the buy-back program independently.

How does Shell's share buy-back affect its shares?

The buy-back reduces the number of shares in circulation, potentially increasing shareholder value.

When was Shell's share buy-back arrangement initially announced?

The share buy-back arrangement was announced on February 3, 2022.