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Transaction in Own Shares

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On July 1, 2022, Shell plc announced the purchase of 2,999,000 shares for cancellation, as part of its previously disclosed buy-back program initiated on May 5, 2022. The shares were acquired at various prices, with the highest being 21.795 GBP and the lowest at 20.950 GBP. This initiative is managed by BNP Paribas Exane, who will conduct trades independently until July 22, 2022. The purchases comply with EU and UK market regulations regarding share buy-backs, reinforcing Shell's commitment to enhancing shareholder value.

Positive
  • Completed purchase of 2,999,000 shares for cancellation, enhancing shareholder value.
  • Shares purchased as part of a previously announced buy-back program, signaling strong financial management.
Negative
  • None.
Transaction in Own Shares
       
01 July 2022 
• • • • • • • • • • • • • • • • 
Shell plc (the ‘Company’) announces that on 01 July 2022 it purchased the following number of Shares for cancellation.
       
Aggregated information on Shares purchased according to trading venue: 
       
Date of purchaseNumber of Shares purchasedHighest price paid

(GBP)
Lowest price paid

(GBP)
Volume weighted average price paid per share

(GBP)
Venue 
01/07/20221,888,00021.79520.95021.404LSE 
01/07/2022649,00021.79520.94521.428Chi-X (CXE) 
01/07/2022463,00021.79020.95021.432BATS (BXE) 

These share purchases form part of the Company's share buy-back arrangement previously announced on 5 May 2022.

In respect of this arrangement, BNP Paribas Exane will make trading decisions in relation to the Company’s securities independently of the Company for a period from 5 May 2022 up to and including 22 July 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 BNP Paribas Exane 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 4355


LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment


FAQ

What is the significance of Shell's share buy-back on July 1, 2022?

The buy-back demonstrates Shell's strategy to enhance shareholder value by reducing the number of outstanding shares.

How many shares did Shell purchase on July 1, 2022?

Shell purchased a total of 2,999,000 shares on July 1, 2022.

Who manages the share buy-back program for Shell?

BNP Paribas Exane manages the share buy-back program independently.

What prices were Shell's shares bought at during the buy-back?

The shares were bought at prices ranging from 20.950 GBP to 21.795 GBP.

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

Shell's buy-back activities are governed by EU and UK market regulations, including the Market Abuse Regulation.

Shell plc American Depositary Shares (Each represents two Ordinary shares)

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