Transaction in Own Shares

Rhea-AI Summary

Shell plc announced the purchase of 998,560 shares for cancellation on October 27, 2022. The shares were bought on various trading venues, with the highest price at £24.35 and the lowest at £23.15, resulting in a volume weighted average price of £24.097. This transaction is part of an existing share buy-back program, managed by Goldman Sachs International, which will operate from October 27, 2022 to January 27, 2023. The program adheres to EU and UK regulations on share repurchases.

Positive

• Effective share buy-back of 998,560 shares reduces outstanding shares, potentially increasing earnings per share.
• Managed by Goldman Sachs, indicating a strategic approach in executing the buy-back.

Negative

• None.

Transaction in Own Shares

October 27, 2022

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 27 October 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
27/10/2022	998,560	£ 24.3500	£ 23.1500	£ 24.0970	LSE	GBP
27/10/2022	-	-	-	-	Chi-X (CXE)	GBP
27/10/2022	-	-	-	-	BATS (BXE)	GBP
27/10/2022	744,526	€ 27.9800	€ 26.8500	€ 27.6790	XAMS	EUR
27/10/2022	-	-	-	-	CBOE DXE	EUR
27/10/2022	-	-	-	-	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 is Shell plc's recent share buy-back announcement?

Shell plc announced the purchase of 998,560 shares for cancellation on October 27, 2022, as part of its share buy-back program.

When will Shell plc's share buy-back program run?

The share buy-back program will run from October 27, 2022, to January 27, 2023.

What are the prices paid for shares in Shell plc's buy-back program?

The highest price paid was £24.35, and the lowest was £23.15, with a volume weighted average price of £24.097.

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

Goldman Sachs International is managing the share buy-back program for Shell plc.

How does Shell plc's buy-back impact its stock?

The buy-back reduces the number of outstanding shares, which can increase earnings per share and potentially affect stock price positively.