Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announces the purchase of 3,857,276 shares for cancellation, as part of its share buy-back program. The transactions were made on 06 December 2023 across various trading venues, including LSE, Chi-X, BATS, XAMS, CBOE DEX, and TQEX. The highest price paid was £25.3150 per share, and the lowest was £24.9400, with a volume-weighted average price of £25.0753 per share. Goldman Sachs International will make trading decisions independently until 26 January 2024, in accordance with the buy-back program and relevant regulations.

Transaction in Own Shares

December 06, 2023

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Shell plc (the 'Company') announces that on 06 December 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
06/12/2023	1,552,000	£ 25.3150	£ 24.9400	£ 25.0753	LSE	GBP
06/12/2023	213,629	£ 25.0950	£ 24.9500	£ 25.0053	Chi-X (CXE)	GBP
06/12/2023	135,000	£ 25.0950	£ 24.9500	£ 25.0155	BATS (BXE)	GBP
06/12/2023	1,526,874	€ 30.0150	€ 29.5200	€ 29.6838	XAMS	EUR
06/12/2023	433,573	€ 30.0050	€ 29.5400	€ 29.6700	CBOE DXE	EUR
06/12/2023	77,200	€ 29.7200	€ 29.5400	€ 29.6171	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 November 2023.

In respect of this programme, Goldman Sachs International will make trading decisions in relation to the securities independently of the Company for a period from 2 November 2023 up to and including 26 January 2024.

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 Goldman Sachs International 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

• 20231206_Shell RNS - full version

FAQ

What is the purpose of Shell plc's share buy-back program announced on 2 November 2023?

The purpose of Shell plc's share buy-back program is to purchase shares for cancellation.

How many shares did Shell plc purchase for cancellation on 06 December 2023?

Shell plc purchased a total of 3,857,276 shares for cancellation on 06 December 2023.

Which trading venues were involved in Shell plc's share purchases on 06 December 2023?

The share purchases on 06 December 2023 were made across various trading venues, including LSE, Chi-X, BATS, XAMS, CBOE DEX, and TQEX.

Who will make trading decisions in relation to the securities independently of Shell plc until 26 January 2024?

Goldman Sachs International will make trading decisions independently of Shell plc until 26 January 2024.

What was the highest price paid per share by Shell plc on 06 December 2023?

The highest price paid per share by Shell plc on 06 December 2023 was £25.3150.