Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announced the purchase of 807,000 shares for cancellation on July 18, 2024, as part of its ongoing share buy-back programme. The shares were acquired across multiple venues:

- London Stock Exchange: 511,985 shares at £28.3438 (average)

- Chi-X: 170,975 shares at £28.3308 (average)

- BATS: 123,040 shares at £28.3173 (average)

- Euronext Amsterdam: 1,000 shares at €33.7715 (average)

This action is part of Shell's share buy-back programme announced on May 2, 2024, which includes both on-market and off-market purchases. BNP PARIBAS Financial Markets SNC is managing the trading decisions independently until July 26, 2024, adhering to pre-set parameters and regulatory guidelines.

Positive

• Ongoing share buyback program demonstrates confidence in company's financial position
• Reduction in outstanding shares potentially increases earnings per share for remaining shareholders

Negative

• None.

Transaction in Own Shares

18 July, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 18 July, 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
18/07/2024	511,985	£28.4300	£28.2600	£28.3438	LSE	GBP
18/07/2024	170,975	£28.4200	£28.2650	£28.3308	Chi-X (CXE)	GBP
18/07/2024	123,040	£28.4250	£28.2600	£28.3173	BATS (BXE)	GBP
18/07/2024	1,000	€33.9000	€33.7200	€33.7715	XAMS	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 May 2024.

In respect of this programme, BNP PARIBAS Financial Markets SNC will make trading decisions in relation to the securities independently of the Company for a period from 2 May 2024 up to and including 26 July 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 BNP PARIBAS Financial Markets SNC 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 2024 07 18

FAQ

How many shares did Shell (SHEL) repurchase on July 18, 2024?

Shell plc (SHEL) repurchased a total of 807,000 shares for cancellation on July 18, 2024.

What was the average price paid per share for Shell's (SHEL) stock repurchase on July 18, 2024?

The volume-weighted average prices varied by venue: £28.3438 on LSE, £28.3308 on Chi-X, £28.3173 on BATS, and €33.7715 on Euronext Amsterdam.

When did Shell (SHEL) announce its current share buy-back programme?

Shell plc (SHEL) announced its current share buy-back programme on May 2, 2024.

Who is managing the trading decisions for Shell's (SHEL) share buyback program?

BNP PARIBAS Financial Markets SNC is making independent trading decisions for Shell's (SHEL) share buyback program from May 2, 2024, to July 26, 2024.