Transaction in Own Shares

Rhea-AI Summary

On March 3, 2023, Shell plc announced the purchase of 1,151,628 shares for cancellation as part of its ongoing buy-back program. The shares were acquired at a volume-weighted average price of £25.650 on LSE. Additional purchases included 75,979 shares at £25.779, 132,393 shares at £25.795 on BATS, and several others across various trading venues totaling 1,498,748 shares. BNP Paribas Exane is managing the trading decisions independently, with operations under the parameters set by the buy-back program that is compliant with EU and UK market regulations.

Positive

• 1,498,748 shares purchased for cancellation, reducing total shares outstanding.
• Shares acquired at competitive prices, enhancing shareholder value.

Negative

• None.

03 March, 2023

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 3 March 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
03/03/2023	1,151,628	£26.010	£25.265	£25.650	LSE	GBP
03/03/2023	75,979	£26.000	£25.350	£25.779	Chi-X (CXE)	GBP
03/03/2023	132,393	£26.010	£25.325	£25.795	BATS (BXE)	GBP
03/03/2023	1,126,700	€29.335	€28.585	€29.010	XAMS	EUR
03/03/2023	75,932	€29.330	€28.620	€29.200	CBOE DXE	EUR
03/03/2023	12,368	€29.315	€28.715	€29.192	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 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 03 03

FAQ

What did Shell announce on March 3, 2023?

Shell announced the purchase of 1,498,748 shares for cancellation as part of its buy-back program.

What is the average price paid for shares purchased by Shell on March 3, 2023?

The volume-weighted average price paid was £25.650 on LSE.

Who is managing the share buy-back program for Shell?

BNP Paribas Exane is making independent trading decisions for Shell's buy-back program.

How many shares did Shell buy back on March 3, 2023?

Shell bought back a total of 1,498,748 shares on March 3, 2023.

What regulatory compliance is Shell's share buy-back program following?

The buy-back program complies with EU MAR and UK MAR regulations.