Transaction in Own Shares

Rhea-AI Summary

Shell plc announces the purchase of own shares for cancellation as part of its existing share buy-back program. The transactions were made on various trading venues at different prices, with Citigroup Global Markets making trading decisions independently until 26 April 2024. The program is conducted in compliance with relevant regulations.

Transaction in Own Shares

16 April, 2024

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Shell plc (the ‘Company’) announces that on 16 April 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
16/04/2024	1,060,000	£28.7250	£28.2250	£28.4595	LSE	GBP
16/04/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
16/04/2024	491,395	£28.7250	£28.2650	£28.4893	BATS (BXE)	GBP
16/04/2024	1,040,000	€33.8650	€33.3100	€33.5755	XAMS	EUR
16/04/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
16/04/2024	-	€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 1 February 2024.

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 1 February 2024 up to and including 26 April 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 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

• Shell Share Buyback RNS - 16-Apr-24 - complete

FAQ

How many shares did Shell plc purchase for cancellation on 16 April 2024?

Shell plc purchased a total of 1,060,000 shares for cancellation on 16 April 2024.

What was the highest price paid per share by Shell plc on 16 April 2024?

The highest price paid per share by Shell plc on 16 April 2024 was £28.7250.

Who will make trading decisions for Shell plc's share buy-back program until 26 April 2024?

Citigroup Global Markets will make trading decisions for Shell plc's share buy-back program until 26 April 2024.

In what manner will the on-market limb of Shell plc's share buy-back program be executed?

The on-market limb of Shell plc's share buy-back program will be executed within certain pre-set parameters and in accordance with the Company's general authority to repurchase shares on-market.

How is Shell plc's share buy-back program conducted in compliance with regulations?

Shell plc's share buy-back program is conducted in accordance with Chapter 12 of the Listing Rules, EU MAR, UK MAR, and relevant statutory instruments.