Transaction in Own Shares

Rhea-AI Summary

Shell plc announced the purchase of 1,400,000 shares for cancellation on 25 March 2022, as part of its share buy-back program initiated on 3 February 2022. The shares were acquired at a highest price of £21.2200 and a lowest price of £20.5550, resulting in a volume-weighted average price of £20.8935 on the LSE. Additional purchases on the same day included 494,198 shares on BATS and 450,000 shares on Chi-X, with respective average prices of £20.8271 and £20.9048.

Positive

• Successful execution of share buy-back program enhances shareholder value.
• Cancellation of 1,400,000 shares reduces overall share count, potentially increasing earnings per share.

Negative

• None.

Transaction in Own Shares

25 March 2022

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 25 March 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 (GBP)	Lowest price paid (GBP)	Volume weighted average price paid per Share (GBP)	Venue
25/03/2022	1,400,000	£21.2200	£20.5550	£20.8935	LSE
25/03/2022	494,198	£21.0500	£20.5550	£20.8271	BATS (BXE)
25/03/2022	450,000	£21.2150	£20.5550	£20.9048	Chi-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

• Transaction in Own Shares 250322

FAQ

What shares did Shell plc buy back on March 25, 2022?

Shell plc bought back a total of 1,400,000 shares for cancellation on March 25, 2022.

What was the average price Shell paid for shares on March 25, 2022?

The volume-weighted average price paid per share on March 25, 2022, was £20.8935.

Where were the share purchases of Shell plc conducted?

The shares were purchased on the London Stock Exchange (LSE), BATS, and Chi-X.

How does Shell's share buy-back program affect shareholders?

The share buy-back program may enhance shareholder value by reducing the share count and increasing earnings per share.