Transaction in Own Shares

Rhea-AI Summary

On 18 March 2022, Shell plc announced the purchase of 2,600,000 shares for cancellation as part of its share buy-back program initiated on 3 February 2022. The shares were bought at prices ranging from £19.1960 to £19.6000 across trading venues like LSE and BATS (BXE). The average price paid per share was £19.4251. Citigroup Global Markets Limited is managing the trading decisions independently until 4 May 2022. This buy-back aligns with regulations under EU and UK Market Abuse Regulations.

Positive

• Completed purchase of 2,600,000 shares for cancellation.
• Share buy-back program initiated to enhance shareholder value.

Negative

• None.

Transaction in Own Shares

18 March 2022

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 18 March 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
18/03/2022	1,000,000	£19.6000	£19.1960	£19.4251	LSE
18/03/2022	1,200,000	£19.5960	£19.1780	£19.4143	BATS (BXE)
18/03/2022	400,000	£19.5980	£19.1940	£19.4258	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 180322

FAQ

What shares did SHEL purchase on March 18, 2022?

Shell plc purchased 2,600,000 shares for cancellation from multiple trading venues.

What was the average price paid for SHEL shares on March 18, 2022?

The volume-weighted average price paid per share was £19.4251.

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

Citigroup Global Markets Limited is managing the buy-back program independently.

When was the SHEL share buy-back program announced?

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

What are the regulatory frameworks governing SHEL's share buy-back?

The buy-back is governed by EU and UK Market Abuse Regulations.