Transaction in Own Shares

Rhea-AI Summary

On July 29, 2022, Shell plc announced the purchase of 1,000,000 shares for cancellation as part of its existing buy-back program initiated on July 28, 2022. The shares were acquired at a volume-weighted average price of £21.5582 on the London Stock Exchange, with the highest price at £21.8900 and the lowest at £21.1300. Additional purchases included 900,000 shares on the Amsterdam exchange at an average price of €25.6388. Trading decisions were made independently by Citigroup Global Markets Limited, effective until October 21, 2022.

Positive

• Shell repurchased 1,000,000 shares at an average price of £21.5582, demonstrating a commitment to shareholder value.
• The buy-back program includes significant transactions, with 900,000 shares acquired at an average price of €25.6388 in Amsterdam, indicating robust liquidity.

Negative

• None.

Transaction in Own Shares

29 July 2022

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 29 July 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
29/07/2022	1,000,000	£21.8900	£21.1300	£21.5582	LSE	GBP
29/07/2022	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
29/07/2022	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
29/07/2022	900,000	€26.1050	€25.2650	€25.6388	XAMS	EUR
29/07/2022	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
29/07/2022	-	€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 - 290722

FAQ

What shares did Shell plc purchase on July 29, 2022?

Shell plc purchased 1,000,000 shares for cancellation on July 29, 2022.

What was the average price of Shell's share buyback on July 29, 2022?

The volume-weighted average price paid per share was £21.5582.

Who made the trading decisions for Shell's buyback program?

Citigroup Global Markets Limited made independent trading decisions for Shell's buyback program.

How many shares did Shell acquire on the Amsterdam exchange?

Shell acquired 900,000 shares on the Amsterdam exchange.

What is the duration of Shell's share buyback program?

The buyback program, effective from July 28, 2022, to October 21, 2022.