Transaction in Own Shares

Rhea-AI Summary

Shell plc disclosed a share repurchase on 09 August 2022, acquiring 1,600,000 shares at an average price of £21.9048 on the LSE. The company also bought 1,300,000 shares at an average price of €25.8480 on XAMS. This initiative is part of its ongoing buy-back program launched on 28 July 2022, managed by Citigroup Global Markets Limited. The buybacks comply with UK and EU regulations concerning market abuse.

Positive

• Completed share repurchase of 1,600,000 shares at an average price of £21.9048 on LSE.
• Executed additional purchase of 1,300,000 shares at an average price of €25.8480 on XAMS.
• Continues the buy-back program initiated on 28 July 2022, indicating strong shareholder return strategy.

Negative

• None.

Transaction in Own Shares

09 August 2022

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 09 August 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
09/08/2022	1,600,000	£22.0950	£21.5000	£21.9048	LSE	GBP
09/08/2022	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
09/08/2022	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
09/08/2022	1,300,000	€26.0000	€25.4250	€25.8480	XAMS	EUR
09/08/2022	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
09/08/2022	-	€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 - complete

FAQ

What date did Shell plc announce its share buyback?

Shell plc announced its share buyback on 09 August 2022.

How many shares did Shell plc purchase on 09 August 2022?

On 09 August 2022, Shell plc purchased 1,600,000 shares.

What was the average price Shell plc paid per share on the LSE?

The average price paid by Shell plc per share on the LSE was £21.9048.

What part of the buyback program is Shell plc currently executing?

Shell plc is currently executing its buy-back program initiated on 28 July 2022.

Which company manages Shell plc's share repurchase program?

Citigroup Global Markets Limited manages Shell plc's share repurchase program.