Transaction in Own Shares

Rhea-AI Summary

Shell plc announced the purchase of a significant number of its own shares for cancellation as part of its existing share buy-back program. The transactions were executed on various trading venues at different prices, with Citigroup Global Markets making independent trading decisions. The program is conducted in compliance with relevant regulations and will continue until 26 April 2024.

Transaction in Own Shares

22 April, 2024

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Shell plc (the ‘Company’) announces that on 22 April 2024 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
22/04/2024	1,415,500	£29.1200	£28.6750	£28.9927	LSE	GBP
22/04/2024	294,000	£29.1200	£28.6800	£28.9996	Chi-X (CXE)	GBP
22/04/2024	1,186,523	£29.1200	£28.6750	£28.9924	BATS (BXE)	GBP
22/04/2024	824,000	€33.9700	€33.5500	€33.8324	XAMS	EUR
22/04/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
22/04/2024	-	€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 1 February 2024.

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 1 February 2024 up to and including 26 April 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 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

• Shell Share Buyback RNS - 22-Apr-24 - complete

FAQ

How many shares did Shell plc purchase for cancellation on 22 April 2024?

Shell plc purchased a total of 2,720,023 shares for cancellation on 22 April 2024.

What was the highest price paid for shares by Shell plc on 22 April 2024?

The highest price paid by Shell plc for shares on 22 April 2024 was £29.1200 on the London Stock Exchange (LSE).

Who will make trading decisions for Shell plc's share buy-back program until 26 April 2024?

Citigroup Global Markets will make trading decisions for Shell plc's share buy-back program until 26 April 2024.

In which regulatory framework is Shell plc conducting its share buy-back program?

Shell plc is conducting its share buy-back program in accordance with EU Market Abuse Regulation (MAR) and UK Market Abuse Regulation (MAR).

What is the LEI number of Shell plc?

The LEI number of Shell plc is 21380068P1DRHMJ8KU70.