Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announced the purchase of 3,938,531 shares for cancellation on July 16, 2024, as part of its existing share buy-back programme. The purchases were made across multiple venues, including LSEG, BATS, Chi-X, XAMS, CBOE DXE, and TQEX, with prices ranging from £27.6800 to £28.1250 for GBP transactions and €33.0500 to €33.5450 for EUR transactions.

This share buy-back is part of the programme announced on May 2, 2024, with BNP PARIBAS Financial Markets SNC making independent trading decisions until July 26, 2024. The programme complies with relevant regulations, including EU MAR, UK MAR, and the Commission Delegated Regulation (EU) 2016/1052.

Positive

• Ongoing share buy-back programme demonstrates confidence in company's financial position
• Diversified purchase across multiple trading venues may help optimize execution

Negative

• Significant cash outflow for share repurchases may impact available funds for other investments or operations

Transaction in Own Shares

16 July, 2024

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Shell plc (the ‘Company’) announces that on 16 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
16/07/2024	1,480,986	£28.1250	£27.6800	£27.9607	LSE	GBP
16/07/2024	845,014	£28.1250	£27.6800	£27.9367	BATS (BXE)	GBP
16/07/2024	214,000	£28.1250	£27.6800	£27.9717	Chi-X (CXE)	GBP
16/07/2024	989,114	€33.5450	€33.0550	€33.3292	XAMS	EUR
16/07/2024	349,999	€33.5450	€33.0500	€33.3348	CBOE DXE	EUR
16/07/2024	59,418	€33.5450	€33.0500	€33.4264	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 16

FAQ

How many shares did Shell plc (SHEL) purchase on July 16, 2024?

Shell plc (SHEL) purchased a total of 3,938,531 shares for cancellation on July 16, 2024.

What was the price range for Shell's (SHEL) share purchases on July 16, 2024?

The price range for Shell's (SHEL) share purchases on July 16, 2024, was £27.6800 to £28.1250 for GBP transactions and €33.0500 to €33.5450 for EUR transactions.

When did Shell plc (SHEL) announce its current share buy-back programme?

Shell plc (SHEL) announced its current share buy-back programme on May 2, 2024.

Until what date will BNP PARIBAS Financial Markets SNC make trading decisions for Shell's (SHEL) share buy-back programme?

BNP PARIBAS Financial Markets SNC will make trading decisions for Shell's (SHEL) share buy-back programme until July 26, 2024.