Transaction in Own Shares

Rhea-AI Summary

On 31 May 2022, Shell plc announced the purchase of 3,948,000 shares for cancellation. The shares were bought through a structured share buy-back arrangement managed by BNP Paribas Exane, effective from 5 May 2022 to 22 July 2022. The transactions occurred at a volume-weighted average price of £24.077 per share on the LSE and varied prices on other venues. This purchase is part of Shell's strategy to return capital to shareholders and enhance shareholder value.

Positive

• Completion of buy-back program demonstrates commitment to returning capital to shareholders.
• The average price paid per share (£24.077) indicates efficient use of capital.

Negative

• None.

Transaction in Own Shares
31 May 2022
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 31 May 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 (GBP)	Lowest price paid (GBP)	Volume weighted average price paid per share (GBP)	Venue
31/05/2022	3,004,000	24.215	23.820	24.077	LSE
31/05/2022	479,000	24.215	23.880	24.083	Chi-X (CXE)
31/05/2022	465,000	24.210	23.885	24.080	BATS (BXE)

These share purchases form part of the Company's share buy-back arrangement previously announced on 5 May 2022.

In respect of this arrangement, BNP Paribas Exane will make trading decisions in relation to the Company’s securities independently of the Company for a period from 5 May 2022 up to and including 22 July 2022.

Any such share purchases will be effected within certain pre-set parameters, and in accordance with the Company's general authority to repurchase shares, 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 (on 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 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 Delegation Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (on 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 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 full breakdown of the individual trades made by BNP Paribas Exane on behalf of the Company as a part of the buy-back arrangement is detailed below.

Enquiries
Media International: +44 (0) 207 934 5550
Media Americas: +1 832 337 4355


LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment

• RNS Report SHELL 2022 05 31

FAQ

What shares did SHEL purchase on May 31, 2022?

On May 31, 2022, Shell plc purchased 3,948,000 shares for cancellation.

What was the average price paid for SHEL shares during the buy-back?

The volume-weighted average price paid per SHEL share was £24.077.

Which company managed the SHEL share buy-back program?

The buy-back program was managed by BNP Paribas Exane.

How long is the SHEL buy-back program scheduled?

The SHEL buy-back program is scheduled from 5 May 2022 to 22 July 2022.