Transaction in Own Shares

Rhea-AI Summary

Shell plc announced the purchase of 1,800,000 shares for cancellation on 16 August 2022. The shares were acquired at a volume-weighted average price of £21.8597 through the London Stock Exchange, with the highest and lowest prices recorded at £22.0050 and £21.6950, respectively. Additionally, the company bought 250,000 shares on BATS and 1,500,000 shares on Euronext Amsterdam at prices of €25.9535 and €26.1300.

This acquisition is part of its ongoing share buy-back program, managed by Citigroup Global Markets Limited.

Positive

• Shell purchased 1,800,000 shares for cancellation, indicating a return of capital to shareholders.
• The share buy-back program may enhance shareholder value by reducing the number of shares in circulation.

Negative

• None.

Transaction in Own Shares

16 August 2022

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 16 August 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	Lowest price paid	Volume weighted average price paid per share	Venue	Currency
16/08/2022	1,800,000	£22.0050	£21.6950	£21.8597	LSE	GBP
16/08/2022	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
16/08/2022	250,000	£21.8000	£21.6950	£21.7513	BATS (BXE)	GBP
16/08/2022	1,500,000	€26.1300	€25.7400	€25.9535	XAMS	EUR
16/08/2022	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
16/08/2022	-	€0.0000	€0.0000	€0.0000	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 28 July 2022.

In respect of this programme, Citigroup Global Markets Limited will make trading decisions in relation to the securities independently of the Company for a period from 28 July 2022 up to and including 21 October 2022.

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 Citigroup Global Markets Limited 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

• Transaction In Own Shares - complete

FAQ

What is the significance of Shell's share buy-back on 16 August 2022?

Shell's share buy-back on 16 August 2022 reflects its commitment to returning capital to shareholders and may enhance shareholder value through reduced share supply.

How many shares did Shell buy back on 16 August 2022?

On 16 August 2022, Shell bought back a total of 1,800,000 shares for cancellation.

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

Shell's average price paid per share on 16 August 2022 was £21.8597.

Which trading venues were involved in Shell's share buy-back on 16 August 2022?

The share buy-back occurred on the London Stock Exchange (LSE), BATS, and Euronext Amsterdam.

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

Citigroup Global Markets Limited is managing Shell's share buy-back program.