Transaction in Own Shares

Rhea-AI Summary

On June 3, 2024, Shell announced the repurchase of its shares as part of an existing buy-back program. The aggregated details are as follows: 1,064,139 shares were purchased on the LSE at a volume-weighted average price of £28.0573 per share; 173,735 shares on Chi-X at £28.1101; and 112,126 shares on BATS at £28.0957. Additionally, 838,336 shares were bought on XAMS at €33.0935, 300,846 shares on CBOE DXE at €33.0732, and 60,818 shares on TQEX at €33.2768. The program, announced on May 2, 2024, is managed by BNP PARIBAS Financial Markets SNC and will continue until July 26, 2024. The buy-back activities comply with Chapter 12 of the Listing Rules, EU MAR, and UK MAR.

Positive

• Shell repurchased a significant number of shares, potentially increasing shareholder value.
• The buy-back program is carried out under pre-set parameters ensuring regulatory compliance.
• The process is managed by BNP PARIBAS Financial Markets SNC, adding credibility and expertise.

Negative

• Share repurchases can lead to reduced cash reserves, potentially impacting liquidity.
• The financial impact of spending on share buy-backs might limit funds available for other investments.
• Repurchasing shares at high prices could be seen as not the best use of company resources.

Transaction in Own Shares

3 June, 2024

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Shell plc (the ‘Company’) announces that on 3 June, 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
03/06/2024	1,064,139	£28.5650	£27.8650	£28.0573	LSE	GBP
03/06/2024	173,735	£28.5550	£27.9250	£28.1101	Chi-X (CXE)	GBP
03/06/2024	112,126	£28.5200	£27.8900	£28.0957	BATS (BXE)	GBP
03/06/2024	838,336	€33.6850	€32.9200	€33.0935	XAMS	EUR
03/06/2024	300,846	€33.6800	€32.9200	€33.0732	CBOE DXE	EUR
03/06/2024	60,818	€33.6800	€32.9250	€33.2768	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 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 06 03

FAQ

What is the date of Shell's recent share buy-back?

The share buy-back was conducted on June 3, 2024.

How many shares did Shell repurchase on June 3, 2024?

Shell repurchased a total of 2,550,000 shares.

What was the highest price paid per share in Shell's recent buy-back?

The highest price paid was £28.5650 on LSE and €33.6850 on XAMS.

Which financial institution is managing Shell's share buy-back program?

BNP PARIBAS Financial Markets SNC is managing the buy-back program.

When will Shell's share buy-back program end?

The buy-back program will continue until July 26, 2024.

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

The program aims to increase shareholder value by reducing the number of outstanding shares.

On which trading venues were Shell's shares repurchased?

Shares were repurchased on LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX.