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Transaction in Own Shares

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Shell plc has announced the purchase of 2.4 million shares for cancellation on 28 March 2022 as part of its previously announced share buy-back program. The shares were acquired at prices ranging from £20.6150 to £21.1850 per share, with an average price of £20.9247. This buy-back program, managed by Citigroup Global Markets Limited, is designed to reduce the number of shares in circulation, potentially enhancing shareholder value. The program will operate until 4 May 2022.

Positive
  • Purchase of 2.4 million shares for cancellation may enhance shareholder value.
  • Share buy-back program indicates strong capital management strategy.
Negative
  • None.

Transaction in Own Shares

28 March 2022

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 28 March 2022 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchaseNumber of Shares purchasedHighest price paid

(GBP)

 
Lowest price paid

(GBP)

 
Volume weighted average price paid per Share

(GBP)
Venue
28/03/20221,000,000 £21.1850£20.6150£20.9247LSE
28/03/2022800,000 £21.1850£20.6250£20.9277BATS (BXE)
28/03/2022600,000 £21.1850£20.6200£20.9279Chi-X (CXE)

These share purchases form part of the Company's share buy-back arrangement previously announced on 03 February 2022

In respect of this arrangement, Citigroup Global Markets Limited will make trading decisions in relation to the Company’s securities independently of the Company for a period from 3 February 2022 up to and including 4 May 2022

Any such share purchases will be effected within certain pre-set parameters, and in accordance with the Company's general authority to repurchase shares, 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 (on 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 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 Delegation Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (on 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 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 full breakdown of the individual trades made by Citigroup Global Markets Limited on behalf of the Company as a part of the buy-back arrangement 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


FAQ

What shares did Shell plc buy back on 28 March 2022?

Shell plc bought back 2.4 million shares for cancellation on 28 March 2022.

What was the average price Shell paid for the shares on 28 March 2022?

The average price paid for the shares was £20.9247.

How many shares were repurchased by Shell on 28 March 2022?

A total of 2.4 million shares were repurchased by Shell on 28 March 2022.

Who manages Shell's share buy-back program?

Citigroup Global Markets Limited manages Shell's share buy-back program.

Until when will Shell's share buy-back program continue?

The share buy-back program will continue until 4 May 2022.

Shell plc American Depositary Shares (Each represents two Ordinary shares)

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