Transaction in Own Shares

Rhea-AI Summary

Shell plc has announced the purchase of 2.7 million shares on 28 February 2022 for cancellation as part of its buy-back program initiated on 3 February 2022. The highest price paid was £20.1750 per share, and the lowest was £19.2700. The trading occurred on venues including LSE and BATS. Citigroup Global Markets Limited will manage these purchases independently until 4 May 2022, adhering to regulatory requirements under EU MAR and UK MAR.

Positive

• Shell purchased 2.7 million shares, indicating a commitment to returning value to shareholders.
• The execution of the buy-back program reflects strong financial discipline and confidence in the company's future.

Negative

• None.

Transaction in Own Shares

28 February 2022

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Shell plc (the ‘Company’) announces that on 28 February 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
28/02/2022	1,400,000	£20.1750	£19.2700	£19.6469	LSE
28/02/2022	900,000	£20.1650	£19.2740	£19.6482	BATS (BXE)
28/02/2022	400,000	£20.1650	£19.2760	£19.6445	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 280222

FAQ

What was the date of Shell's share buyback announcement?

Shell announced its share buyback program on 3 February 2022.

How many shares did Shell buy back on 28 February 2022?

Shell purchased a total of 2.7 million shares on 28 February 2022.

What were the highest and lowest prices paid for Shell shares during the buyback?

The highest price paid was £20.1750 and the lowest was £19.2700.

Who is managing Shell's share buyback program?

Citigroup Global Markets Limited is managing Shell's share buyback program.

When will the share buyback program end?

The share buyback program will continue until 4 May 2022.