Transaction in Own Shares

Rhea-AI Summary

On April 25, 2023, Shell plc announced the purchase of 570,000 shares for cancellation as part of its ongoing buy-back program, with additional purchases of 100,000 and 250,000 shares. The transactions occurred at prices ranging from £24.115 to £24.685, with a volume-weighted average price of approximately £24.455. These share buybacks align with the program initiated on February 2, 2023, where BNP Paribas Exane manages trading decisions independently. The buy-back complies with Chapter 12 of the Listing Rules and related market regulations, ensuring adherence to legal frameworks after Brexit. The buy-back is expected to enhance shareholder value by reducing the number of outstanding shares.

Positive

• Shell repurchased 570,000 shares, enhancing shareholder value.
• The share buy-back program indicates robust financial health and commitment to returning capital to shareholders.
• On-market and off-market purchases conducted within pre-set parameters support market stability.

Negative

• None.

25 April, 2023

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 25 April 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
25/04/2023	570,000	£24.685	£24.115	£24.439	LSE	GBP
25/04/2023	100,000	£24.680	£24.115	£24.456	Chi-X (CXE)	GBP
25/04/2023	250,000	£24.685	£24.115	£24.455	BATS (BXE)	GBP

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 04 25

FAQ

What shares did Shell plc purchase on April 25, 2023?

Shell plc purchased a total of 570,000 shares for cancellation on April 25, 2023.

What was the average purchase price of Shell's shares on April 25, 2023?

The volume-weighted average price paid per share on April 25, 2023, was approximately £24.455.

How many shares did Shell plc buy back as part of its buy-back program?

Shell plc bought back 570,000 shares along with additional purchases of 100,000 and 250,000 shares.

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

BNP Paribas Exane is managing the trading decisions for Shell's share buy-back program.

What regulations govern Shell's share buy-back program?

Shell's buy-back program is conducted in accordance with Chapter 12 of the Listing Rules and EU/UK Market Abuse Regulations.