Transaction in Own Shares

Rhea-AI Summary

Shell plc announced the purchase of 47,606 shares on January 27, 2023 as part of its share buy-back program initiated on October 27, 2022. The highest and lowest prices paid for the shares were £23.9350 and £23.6900, respectively, with a volume weighted average price of £23.7753. The transactions were conducted through various venues including LSE and Chi-X in GBP. Goldman Sachs International managed the trading decisions, operating independently of the Company. This buy-back is being executed in compliance with relevant Market Abuse Regulations.

Positive

• Executed the purchase of 47,606 shares, indicating commitment to shareholder value.
• Share buy-back program aligns with prior announcements, showing consistency in strategy.

Negative

• None.

Transaction in Own Shares

January 27, 2023

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Shell plc (the "Company") announces that on 27 January 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
27/01/2023	47,606	£ 23.9350	£ 23.6900	£ 23.7753	LSE	GBP
27/01/2023	-	-	-	-	Chi-X (CXE)	GBP
27/01/2023	-	-	-	-	BATS (BXE)	GBP
27/01/2023	-	-	-	-	XAMS	EUR
27/01/2023	-	-	-	-	CBOE DXE	EUR
27/01/2023	-	-	-	-	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 27 October 2022.

In respect of this programme, Goldman Sachs International will make trading decisions in relation to the securities independently of the Company for a period from 27 October 2022 up to and including 27 January 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 Goldman Sachs International 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 shares did Shell plc buy back on January 27, 2023?

Shell plc bought back 47,606 shares on January 27, 2023.

What was the highest price paid for Shell plc shares on January 27, 2023?

The highest price paid for Shell plc shares was £23.9350 on January 27, 2023.

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

Goldman Sachs International is managing Shell plc's share buy-back program.

What is the purpose of the share buy-back program announced by Shell plc?

The purpose of the share buy-back program is to enhance shareholder value.

Which trading venues were used for Shell plc's share purchases?

Shell plc's share purchases were made on trading venues including LSE and Chi-X.