Transaction in Own Shares

Rhea-AI Summary

Shell announced on 27 June 2024, that it had repurchased a total of 9,000 shares as part of its ongoing share buy-back program initiated on 2 May 2024. The shares were acquired across various trading venues, including LSE, BATS, Chi-X, XAMS, CBOE DXE, and TQEX. The highest price paid was £28.2700, and the lowest was £28.0900, with an overall volume-weighted average price of £28.1850 for GBP transactions and €33.3554 for EUR transactions. The buy-back program, managed by BNP PARIBAS Financial Markets SNC, complies with the EU and UK Market Abuse Regulations. The program will continue until 26 July 2024, with on-market and off-market purchases being executed under pre-set conditions.

Positive

• Shell repurchased 9,000 shares, potentially increasing shareholder value by reducing the number of shares outstanding.
• The buy-back program is being conducted independently by BNP PARIBAS Financial Markets, ensuring compliance with regulatory guidelines.

Negative

• The execution of share repurchases might suggest Shell does not foresee better investment opportunities for its capital, potentially indicating growth prospects.

Transaction in Own Shares

27 June, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 27 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
27/06/2024	4,652	£28.2700	£28.0900	£28.1850	LSE	GBP
27/06/2024	234	£28.2350	£28.1350	£28.1863	BATS (BXE)	GBP
27/06/2024	114	£28.0900	£28.0900	£28.0900	Chi-X (CXE)	GBP
27/06/2024	3,695	€33.4600	€33.1400	€33.3554	XAMS	EUR
27/06/2024	998	€33.4500	€33.2950	€33.4003	CBOE DXE	EUR
27/06/2024	307	€33.4900	€33.3350	€33.3799	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 27

FAQ

What did Shell announce on 27 June 2024?

On 27 June 2024, Shell announced it had repurchased a total of 9,000 shares as part of its ongoing share buy-back program.

How many shares did Shell buy back on 27 June 2024?

Shell repurchased a total of 9,000 shares on 27 June 2024.

At what prices were Shell's shares bought back on 27 June 2024?

Shell's shares were bought back at prices ranging from £28.0900 to £28.2700 and €33.1400 to €33.4900.

What is the volume-weighted average price of Shell shares repurchased on 27 June 2024?

The volume-weighted average price of Shell shares repurchased was £28.1850 for GBP transactions and €33.3554 for EUR transactions.

Which trading venues were involved in Shell's share buy-back on 27 June 2024?

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

When does Shell's current share buy-back program end?

Shell's current share buy-back program is scheduled to end on 26 July 2024.

Who manages Shell's share buy-back program?

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