Transaction in Own Shares

Rhea-AI Summary

Shell plc announced the purchase of 1,646,167 shares for cancellation on March 29, 2022, as part of its share buy-back arrangement initiated on February 3, 2022. The shares were acquired at an average price of £20.8331 per share on the London Stock Exchange and other venues, despite a power outage causing a delay in reporting. Citigroup Global Markets Limited is responsible for managing these transactions independently until May 4, 2022, under strict regulatory compliance.

Positive

• Shell purchased a total of 1,646,167 shares for cancellation, indicating a commitment to returning value to shareholders.
• The buy-back program is aligned with Shell's strategy to enhance shareholder returns and reflects confidence in the company's financial health.

Negative

• A power outage delayed the reporting of share purchases, which could raise concerns about communication protocols.
• The unexpected delay in transaction reporting could contribute to perceived transparency issues among investors.

Transaction in Own Shares

30 March 2022

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 29 March 2022 it purchased the following number of Shares for cancellation.

This announcement was not made at the time required by Listing Rule 12.4.6R as the Company did not receive the report detailing the transaction until 11:00 as a result of a power outage affecting parts of London on 29 and 30 March 2022.

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
29/03/2022	827,395	£21.1350	£20.2150	£20.8331	LSE
29/03/2022	606,145	£21.1300	£20.2650	£20.8443	BATS (BXE)
29/03/2022	212,627	£21.1300	£20.2100	£20.8246	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 290322

FAQ

What is the purpose of Shell's recent share buy-back program?

The purpose is to enhance shareholder value by reducing the number of shares in circulation.

How many shares did Shell buy on March 29, 2022?

Shell bought a total of 1,646,167 shares for cancellation on March 29, 2022.

What was the average price paid for Shell's shares during the buy-back?

The average price paid per share during the buy-back was £20.8331.

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

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

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

The share buy-back program is set to end on May 4, 2022.