Transaction in Own Shares

Rhea-AI Summary

Shell plc announces the purchase of shares for cancellation as part of its share buy-back program.

Transaction in Own Shares

23 October 2023

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Shell plc (the ‘Company’) announces that on 23 October 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
23/10/2023	1,605,988	£27.4500	£26.9950	£27.2727	LSE	GBP
23/10/2023	425,663	£27.4450	£27.0050	£27.2733	Chi-X (CXE)	GBP
23/10/2023	1,068,214	£27.4500	£27.0000	£27.2726	BATS (BXE)	GBP
23/10/2023	766,000	€31.9550	€31.4200	€31.7561	XAMS	EUR
23/10/2023	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
23/10/2023	-	€0.0000	€0.0000	€0.0000	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 27 July 2023.

In respect of this programme, Citigroup Global Markets Limited will make trading decisions in relation to the securities independently of the Company for a period from 27 July 2023 up to and including 27 October 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 Citigroup Global Markets Limited 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

• Transaction In Own Shares - complete

FAQ

What did Shell plc announce?

Shell plc announced the purchase of shares for cancellation.

What is the purpose of the share buy-back program?

The share buy-back program is aimed at repurchasing shares of the company.

Who will make trading decisions for the program?

Citigroup Global Markets Limited will make trading decisions independently of the company.

What regulations govern the buy-back program?

The program will be conducted in accordance with EU MAR, UK MAR, and the EU MAR Delegated Regulation.