Transaction in Own Shares

Rhea-AI Summary

On June 7, 2024, Shell purchased a total of 1,319,000 shares for cancellation as part of its ongoing share buy-back program. The buy-back involved purchases at different trading venues: LSE, BATS, Chi-X, XAMS, CBOE DXE, and TQEX. Prices ranged from £27.2000 to £27.4850 in the UK and €32.1500 to €32.4900 in Europe, with volume-weighted average prices of £27.3101, £27.3163, £27.3178, €32.2722, €32.2662, and €32.2582, respectively. The program, running from May 2 to July 26, 2024, is managed by BNP PARIBAS Financial Markets SNC, which exercises independent trading decisions. The buy-back adheres to both EU and UK market regulations.

Positive

• Shell has successfully completed a share buy-back, canceling 1,319,000 shares, potentially increasing earnings per share.
• The buy-back program follows regulatory guidelines both in the EU and the UK, ensuring compliance and transparency.
• The share buy-back may indicate Shell's confidence in its financial stability and future growth.

Negative

• The purchase of shares for cancellation might indicate Shell does not see immediate better uses for its cash, such as reinvestment into business operations.
• Share buy-backs can sometimes signal that a company has options for organic growth.

Transaction in Own Shares

7 June, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 7 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
07/06/2024	492,826	£27.4850	£27.2000	£27.3101	LSE	GBP
07/06/2024	106,034	£27.4850	£27.2050	£27.3163	BATS (BXE)	GBP
07/06/2024	101,140	£27.4850	£27.2000	£27.3178	Chi-X (CXE)	GBP
07/06/2024	363,969	€32.4900	€32.1500	€32.2722	XAMS	EUR
07/06/2024	190,616	€32.4900	€32.1500	€32.2662	CBOE DXE	EUR
07/06/2024	65,415	€32.3900	€32.1800	€32.2582	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 07

FAQ

What was the total number of shares Shell purchased on June 7, 2024?

Shell purchased a total of 1,319,000 shares on June 7, 2024.

What were the highest and lowest prices paid by Shell for its share buy-back on June 7, 2024?

The highest price paid was £27.4850 and the lowest was £27.2000 in the UK; €32.4900 and €32.1500 in Europe.

Which trading venues were involved in Shell's share buy-back on June 7, 2024?

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

What was the volume-weighted average price of Shell's share buy-back on June 7, 2024?

The volume-weighted average prices were £27.3101 on LSE, £27.3163 on BATS, £27.3178 on Chi-X, €32.2722 on XAMS, €32.2662 on CBOE DXE, and €32.2582 on TQEX.

When will Shell's share buy-back program end?

Shell's share buy-back program will run until July 26, 2024.

Who manages Shell's share buy-back program?

BNP PARIBAS Financial Markets SNC manages Shell's share buy-back program independently.

What regulatory guidelines does Shell's share buy-back program follow?

The program adheres to Chapter 12 of the Listing Rules, Article 5 of EU MAR, and UK MAR regulations.