Transaction in Own Shares

Rhea-AI Summary

On April 26, 2023, Shell plc announced the purchase of 928,869 shares for cancellation as part of its ongoing share buy-back program initiated on February 2, 2023. The shares were bought at varying prices, with the highest at £24.510 and the lowest at £24.065, resulting in a volume-weighted average price of £24.314. The trades were executed on multiple venues including LSE, Chi-X, and BATS. BNP Paribas Exane managed the trading decisions for the buy-back program. Under this program, Shell aims to repurchase shares in compliance with UK and EU regulations regarding buy-back schemes. This initiative reflects Shell's commitment to return value to shareholders through strategic capital management.

Positive

• Shell repurchased 928,869 shares, indicating confidence in its stock value.
• The buy-back program is part of a strategic initiative to enhance shareholder returns.
• The average buy-back price of £24.314 suggests effective capital deployment.

Negative

• None.

26 April, 2023

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 26 April 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
26/04/2023	578,869	£24.510	£24.065	£24.314	LSE	GBP
26/04/2023	100,000	£24.505	£24.060	£24.317	Chi-X (CXE)	GBP
26/04/2023	250,000	£24.500	£24.065	£24.315	BATS (BXE)	GBP

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 04 26

FAQ

What was the date of Shell's share buy-back announcement?

Shell announced its share buy-back on April 26, 2023.

How many shares did Shell purchase for cancellation on April 26, 2023?

Shell purchased a total of 928,869 shares for cancellation.

What was the highest price Shell paid for its shares on April 26, 2023?

The highest price Shell paid for its shares was £24.510.

What is the purpose of Shell's share buy-back program?

The purpose of Shell's buy-back program is to enhance shareholder returns and manage capital effectively.

Which entity managed Shell's trading decisions for the buy-back?

BNP Paribas Exane managed Shell's trading decisions for the buy-back.