Transaction in Own Shares

Rhea-AI Summary

Shell plc announced on August 1, 2022, the purchase of 2,090,000 shares for cancellation at a volume-weighted average price of £21.5583 per share. The shares were acquired on the London Stock Exchange, while an additional 2,100,000 shares were procured on XAMS at an average price of €25.7181. This share buyback is part of a previously announced program starting July 28, 2022, in which Citigroup Global Markets Limited will independently manage trading decisions until October 21, 2022. The program adheres to relevant market regulations.

Positive

• Purchase of 2,090,000 shares for cancellation improves earnings per share by reducing share count.
• Share buyback program indicates management's confidence in Shell's financial stability.

Negative

• Total of 4,190,000 shares purchased suggests potential cash outflow impacting liquidity.

Transaction in Own Shares

01 August 2022

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 01 August 2022 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
01/08/2022	2,090,000	£21.9500	£21.3300	£21.5583	LSE	GBP
01/08/2022	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
01/08/2022	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
01/08/2022	2,100,000	€26.1650	€25.4850	€25.7181	XAMS	EUR
01/08/2022	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
01/08/2022	-	€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 28 July 2022.

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 28 July 2022 up to and including 21 October 2022.

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

• Transaction In Own Shares - complete

FAQ

What shares did SHEL purchase on August 1, 2022?

On August 1, 2022, SHEL purchased 2,090,000 shares for cancellation.

What was the average price SHEL paid for shares on August 1, 2022?

SHEL paid an average price of £21.5583 per share for the shares purchased.

Who is managing the share buyback program for SHEL?

The share buyback program is managed by Citigroup Global Markets Limited.

How many shares were purchased by SHEL for cancellation?

SHEL purchased a total of 4,190,000 shares for cancellation on August 1, 2022.

What is the significance of SHEL's share buyback on stock performance?

The buyback can enhance earnings per share and reflect management's confidence in the company's financial health.