Transaction in Own Shares

Rhea-AI Summary

On 21 February 2023, Shell plc announced the purchase of 1,233,898 shares for cancellation. Additional purchases included 148,266 shares on Chi-X and 237,836 shares on BATS. The highest price for shares was £25.310, with the lowest at £24.805, while the volume-weighted average price was £24.936. Overall, 1,065,000 shares were bought for €28.284 on the XAMS. This transaction is part of an ongoing share buy-back program initiated on 2 February 2023, which allows BNP Paribas Exane to trade independently until 28 April 2023, following regulatory compliance under UK MAR and EU MAR.

Positive

• 1,233,898 shares purchased for cancellation, signaling a commitment to shareholder returns.
• The ongoing share buy-back program indicates confidence in the company's valuation.

Negative

• None.

21 February, 2023

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 21 February 2023 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
21/02/2023	1,233,898	£25.310	£24.805	£24.936	LSE	GBP
21/02/2023	148,266	£25.310	£24.805	£24.960	Chi-X (CXE)	GBP
21/02/2023	237,836	£25.300	£24.805	£24.948	BATS (BXE)	GBP
21/02/2023	1,065,000	€28.535	€28.130	€28.284	XAMS	EUR
21/02/2023	260,000	€28.535	€28.130	€28.308	CBOE DXE	EUR
21/02/2023	25,000	€28.515	€28.175	€28.307	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 February 2023.

In respect of this programme, BNP Paribas Exane will make trading decisions in relation to the securities independently of the Company for a period from 2 February 2023 up to and including 28 April 2023.

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 Exane 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 2023 02 21

FAQ

What shares did Shell plc purchase on 21 February 2023?

Shell plc purchased 1,233,898 shares for cancellation on 21 February 2023.

What was the average price paid for Shell shares on 21 February 2023?

The volume-weighted average price paid per share was £24.936.

How many shares did Shell buy during its buy-back program on 21 February 2023?

During the buy-back program on 21 February 2023, Shell bought a total of 1,233,898 shares for cancellation among other purchases.

Who is managing Shell's share buy-back program?

BNP Paribas Exane manages Shell's share buy-back program, making independent trading decisions until 28 April 2023.