Transaction in Own Shares

Rhea-AI Summary

On March 15, 2023, Shell plc announced the purchase of 5,000,000 shares for cancellation as part of its ongoing share buy-back program initiated on February 2, 2023. These transactions took place across various trading venues, including LSE, Chi-X, and others, with shares priced between £22.710 and £27.900. The average price paid was approximately £23.376. BNP Paribas Exane executed trades independently, adhering to preset parameters and UK market regulations. This strategic move aims to enhance shareholder value and reduce overall share count, reflecting Shell's commitment to returning capital to investors.

Positive

• Shell repurchased 5,000,000 shares on March 15, 2023, enhancing shareholder value.
• Shares were bought at an average price of £23.376, showing effective capital management.
• The buy-back program reflects Shell's commitment to returning capital to shareholders.

Negative

• None.

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 15 March 2023 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
15/03/2023	1,651,000	£24.565	£22.710	£23.342	LSE	GBP
15/03/2023	473,000	£24.535	£22.750	£23.408	Chi-X (CXE)	GBP
15/03/2023	1,126,000	£24.545	£22.750	£23.376	BATS (BXE)	GBP
15/03/2023	2,146,872	€27.895	€26.015	€26.721	XAMS	EUR
15/03/2023	674,679	€27.900	€26.075	€26.768	CBOE DXE	EUR
15/03/2023	78,449	€27.870	€26.095	€26.787	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 February 2023.

In respect of this programme, BNP Paribas Exane will make trading decisions in relation to the securities independently of the Company for a period from 2 February 2023 up to and including 28 April 2023.

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 Exane 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 2023 03 15

FAQ

What was Shell's share buy-back announcement on March 15, 2023?

On March 15, 2023, Shell announced the purchase of 5,000,000 shares for cancellation as part of its share buy-back program.

How many shares did Shell buy on March 15, 2023?

Shell purchased a total of 5,000,000 shares on March 15, 2023.

What was the average price of shares Shell bought on March 15, 2023?

The average price of shares purchased by Shell on March 15, 2023, was approximately £23.376.

Which venues did Shell use for its share purchases on March 15, 2023?

Shell conducted its share purchases at multiple venues, including LSE and Chi-X.