Transaction in Own Shares

Rhea-AI Summary

On 30 May 2024, Shell purchased a total of 1,819,000 shares for cancellation as part of its share buy-back programme. The purchases were made across several trading venues including LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX, with the highest price paid being £28.0050 and €33.0400, and the lowest at £27.8250 and €32.8100 respectively. The volume-weighted average prices ranged from £27.8978 to £27.9070 and €32.9158 to €32.9277. BNP PARIBAS Financial Markets SNC is executing the buy-back independently for Shell. The buy-back programme adheres to EU MAR and UK MAR regulations.

Positive

• Shell cancelled 1,819,000 shares, potentially increasing the value of remaining shares.
• Highest price paid for shares was £28.0050 and €33.0400, indicating robust market confidence.
• Buy-back programme executed by BNP PARIBAS independently, adding transparency.
• Programme adheres to EU MAR and UK MAR, ensuring regulatory compliance.

Negative

• High costs associated with share buy-back, with prices up to £28.0050 and €33.0400.
• Potential short-term cash flow impact due to expenditures on buy-backs.

Transaction in Own Shares

30 May, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 30 May, 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
30/05/2024	615,374	£28.0050	£27.8250	£27.9050	LSE	GBP
30/05/2024	174,642	£28.0050	£27.8250	£27.8978	Chi-X (CXE)	GBP
30/05/2024	119,984	£28.0000	£27.8300	£27.9070	BATS (BXE)	GBP
30/05/2024	517,664	€33.0400	€32.8100	€32.9158	XAMS	EUR
30/05/2024	330,129	€33.0400	€32.8100	€32.9186	CBOE DXE	EUR
30/05/2024	62,207	€33.0400	€32.8600	€32.9277	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 05 30

FAQ

What is the purpose of Shell's share buy-back programme?

Shell's share buy-back programme aims to reduce the number of outstanding shares, potentially increasing the value of remaining shares.

How many shares did Shell purchase on 30 May 2024?

Shell purchased a total of 1,819,000 shares on 30 May 2024.

What was the highest price paid per share by Shell on 30 May 2024?

The highest price paid per share by Shell on 30 May 2024 was £28.0050 and €33.0400.

Which trading venues were involved in Shell's share buy-back on 30 May 2024?

The trading venues involved were LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX.

Who is executing Shell's share buy-back programme?

BNP PARIBAS Financial Markets SNC is executing Shell's share buy-back programme independently.

Is Shell's share buy-back programme compliant with regulations?

Yes, Shell's share buy-back programme complies with EU MAR and UK MAR regulations.