Transaction in Own Shares

Rhea-AI Summary

On July 9, 2024, Shell plc announced the repurchase of a total of 2,279,662 shares for cancellation as part of its ongoing share buy-back programme. The shares were purchased across multiple trading venues including LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX. The highest and lowest prices paid per share in GBP and EUR varied, with volume-weighted average prices of £28.3341 on LSE and €33.5878 on XAMS. The buy-back programme, initially announced on May 2, 2024, and managed by BNP PARIBAS Financial Markets SNC, will continue until July 26, 2024, following EU MAR and UK MAR regulations. The purpose is to repurchase shares both on- and off-market as authorized by shareholders.

Positive

• Repurchase of 2,279,662 shares for cancellation under the share buy-back programme.
• Share buy-back aimed at reducing outstanding shares, potentially increasing EPS.

Negative

• Substantial financial outlay required for the share buy-back.

Transaction in Own Shares

9 July, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 9 July, 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
09/07/2024	1,110,294	£28.4250	£28.0750	£28.3341	LSE	GBP
09/07/2024	175,135	£28.4200	£28.1400	£28.3317	Chi-X (CXE)	GBP
09/07/2024	106,757	£28.4100	£28.1000	£28.3331	BATS (BXE)	GBP
09/07/2024	623,748	€33.7050	€33.2950	€33.5878	XAMS	EUR
09/07/2024	209,351	€33.6950	€33.3250	€33.5915	CBOE DXE	EUR
09/07/2024	54,377	€33.6850	€33.4300	€33.6220	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 07 09

FAQ

What did Shell announce on July 9, 2024, regarding its share buy-back programme?

Shell announced the repurchase of 2,279,662 shares for cancellation as part of its ongoing share buy-back programme.

How many shares did Shell purchase for cancellation on July 9, 2024?

Shell purchased a total of 2,279,662 shares for cancellation.

What was the volume-weighted average price paid per share by Shell on July 9, 2024?

The volume-weighted average price paid per share was £28.3341 on LSE and €33.5878 on XAMS.

Which trading venues were involved in Shell's share purchase on July 9, 2024?

The trading venues involved were LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX.

Who is managing Shell's share buy-back programme?

BNP PARIBAS Financial Markets SNC is managing Shell's share buy-back programme.