Transaction in Own Shares

Rhea-AI Summary

Shell plc reported on 8 March 2022, its recent share buyback activity. The company purchased 1,399,929 shares at a highest price of £20.46 and a lowest price of £19.53 on the London Stock Exchange. Additionally, it bought 900,000 shares at a highest price of £20.53 through BATS, and 400,000 shares at a highest of £20.48 on Chi-X. This repurchase is part of a previously announced buyback program set to conclude on 4 May 2022, managed by Citigroup Global Markets Limited, adhering to UK and EU market regulations.

Positive

• Completed purchase of 1,399,929 shares, enhancing shareholder value.
• Continued commitment to share repurchase program indicates strong capital management.

Negative

• None.

Transaction in Own Shares

8 March 2022

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Shell plc (the ‘Company’) announces that on 8 March 2022 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 (GBP)	Lowest price paid (GBP)	Volume weighted average price paid per Share (GBP)	Venue
08/03/2022	1,399,929	£20.4600	£19.5300	£20.0360	LSE
08/03/2022	900,000	£20.5300	£19.5280	£20.0303	BATS (BXE)
08/03/2022	400,000	£20.4800	£19.5300	£20.0348	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 080322

FAQ

What is the recent share buyback by Shell plc?

Shell plc announced its share buyback on 8 March 2022, purchasing a total of 2,699,929 shares across various trading venues.

How many shares did Shell plc buy on 8 March 2022?

On 8 March 2022, Shell plc bought 1,399,929 shares on the London Stock Exchange, 900,000 shares on BATS, and 400,000 shares on Chi-X.

What were the share prices during Shell's buyback on 8 March 2022?

The highest price paid was £20.53, and the lowest was £19.53 for shares purchased on 8 March 2022.

What is the duration of Shell's buyback program?

The buyback program announced by Shell is set to conclude on 4 May 2022.