Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announces the purchase and cancellation of 1,033,043 shares on 09/11/2023. The buy-back program, managed by Goldman Sachs International, will run until 26/01/2024, covering both on- and off-market transactions. The program complies with EU MAR and UK MAR regulations.

Transaction in Own Shares

November 09, 2023

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Shell plc (the 'Company') announces that on 09 November 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
09/11/2023	1,033,043	£ 26.2050	£ 25.6950	£ 25.9774	LSE	GBP
09/11/2023	59,004	£ 26.2050	£ 25.9850	£ 26.1262	Chi-X (CXE)	GBP
09/11/2023	-	-	-	-	BATS (BXE)	GBP
09/11/2023	859,145	€ 30.4950	€ 29.9400	€ 30.2284	XAMS	EUR
09/11/2023	45,628	€ 30.4900	€ 30.2400	€ 30.4073	CBOE DXE	EUR
09/11/2023	-	-	-	-	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 2 November 2023.

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 2 November 2023 up to and including 26 January 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 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

• 20231109_Shell RNS - full version

FAQ

What did Shell plc announce on 09/11/2023?

Shell plc announced the purchase and cancellation of a significant number of shares as part of its buy-back program.

Who is managing the buy-back program for Shell plc?

Goldman Sachs International will be making trading decisions independently for the buy-back program until 26/01/2024.

What regulations does the buy-back program comply with?

The program is conducted in accordance with EU MAR and UK MAR regulations.