Transaction in Own Shares

Rhea-AI Summary

On May 15, 2024, Shell announced the purchase of its own shares as part of an ongoing buy-back program. The company bought a total of 99,694 shares across various trading venues at prices ranging from £28.4800 to £29.2800 and €33.3400 to €34.2250. This program, managed by BNP Paribas Financial Markets SNC, runs from May 2, 2024, to July 26, 2024, and adheres to both EU MAR and UK MAR regulations. The highest volume was bought on LSE with 43,329 shares, while the lowest was on TQEX with 1,156 shares.

Positive

• Shell purchased 99,694 shares, indicating confidence in its stock.
• The share buy-back program could potentially boost EPS and shareholder value.
• The buy-back operates within regulatory frameworks (EU MAR, UK MAR), ensuring compliance.

Negative

• Significant capital outlay for share purchases might impact liquidity.
• No direct information on how the buy-back will affect long-term financial health.

Transaction in Own Shares

15 May, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 15 May, 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
15/05/2024	43,329	£29.2800	£28.4800	£28.8748	LSE	GBP
15/05/2024	3,818	£29.1950	£28.5150	£28.9315	Chi-X (CXE)	GBP
15/05/2024	2,853	£29.0000	£28.5500	£28.7703	BATS (BXE)	GBP
15/05/2024	42,476	€34.2250	€33.3400	€33.7873	XAMS	EUR
15/05/2024	6,062	€34.2250	€33.4000	€33.8710	CBOE DXE	EUR
15/05/2024	1,156	€34.2050	€33.6200	€33.9726	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 05 15

FAQ

What was the highest price paid for SHEL shares on May 15, 2024?

The highest price paid was £29.2800 on the LSE.

How many SHEL shares were purchased on May 15, 2024?

Shell purchased a total of 99,694 shares.

Which trading venue saw the highest volume of SHEL shares purchased?

The highest volume was on the LSE with 43,329 shares.

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

The program runs from May 2, 2024, to July 26, 2024.

What regulatory frameworks does Shell's buy-back program comply with?

The program complies with EU MAR, UK MAR, and related regulations.