Transaction in Own Shares

Rhea-AI Summary

On 23 March 2023, Shell plc announced the purchase of 4,454,031 shares for cancellation, part of its ongoing buy-back program initiated on 2 February 2023. The shares were bought at various prices, with the highest at £23.225 and the lowest at £22.795 in GBP, and €26.410 to €26.010 in EUR. BNP Paribas Exane is tasked with managing the trading decisions for this program, scheduled until 28 April 2023. This initiative complies with the EU Market Abuse Regulation and UK laws regarding buy-back programs, ensuring transparency and adherence to regulatory requirements.

Positive

• Completion of 4,454,031 shares for cancellation, indicating strong capital management strategy.
• Engagement of BNP Paribas Exane highlights professional management of the buy-back program.

Negative

• None.

23 March, 2023

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 23 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
23/03/2023	1,290,000	£23.225	£22.795	£22.961	LSE	GBP
23/03/2023	200,000	£23.210	£22.845	£22.967	Chi-X (CXE)	GBP
23/03/2023	450,000	£23.225	£22.845	£22.971	BATS (BXE)	GBP
23/03/2023	2,019,031	€26.410	€26.010	€26.161	XAMS	EUR
23/03/2023	400,000	€26.405	€26.020	€26.165	CBOE DXE	EUR
23/03/2023	55,000	€26.380	€26.025	€26.167	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 23

FAQ

What was the total number of shares Shell plc purchased on March 23, 2023?

Shell plc purchased a total of 4,454,031 shares on March 23, 2023.

What was the highest price Shell plc paid for shares on March 23, 2023?

The highest price Shell plc paid for shares on March 23, 2023, was £23.225.

Who manages Shell plc's share buy-back program announced on February 2, 2023?

BNP Paribas Exane is managing Shell plc's share buy-back program.

Until when is Shell plc's share buy-back program scheduled?

Shell plc's share buy-back program is scheduled until 28 April 2023.

What regulations govern Shell plc's share buy-back program?

Shell plc's share buy-back program is governed by the EU Market Abuse Regulation and UK laws.