Transaction in Own Shares

Rhea-AI Summary

On 21 June 2024, Shell announced the repurchase of its own shares as part of its ongoing share buy-back program initiated on 2 May 2024. The company bought a total of 998,000 shares across various trading venues, including LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX. The transactions were conducted independently by BNP PARIBAS Financial Markets SNC within pre-set parameters. The purchase prices ranged from £27.4700 to £27.7750 for GBP transactions and €32.5850 to €32.9350 for EUR transactions. The program aims to enhance shareholder value and is conducted according to regulatory frameworks stipulated by EU MAR and UK MAR.

Positive

• Shell repurchased 998,000 shares on 21 June 2024.
• Buy-back program aims to enhance shareholder value.
• Transactions were conducted independently by BNP PARIBAS Financial Markets SNC.

Negative

• None.

Transaction in Own Shares

21 June, 2024

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Shell plc (the ‘Company’) announces that on 21 June, 2024 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
21/06/2024	351,708	£27.7750	£27.4700	£27.5604	LSE	GBP
21/06/2024	59,070	£27.6700	£27.4750	£27.5658	Chi-X (CXE)	GBP
21/06/2024	47,222	£27.6650	£27.4750	£27.5829	BATS (BXE)	GBP
21/06/2024	407,125	€32.8000	€32.5850	€32.7160	XAMS	EUR
21/06/2024	103,017	€32.9350	€32.5900	€32.7230	CBOE DXE	EUR
21/06/2024	29,858	€32.8000	€32.6100	€32.7287	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 May 2024.

In respect of this programme, BNP PARIBAS Financial Markets SNC will make trading decisions in relation to the securities independently of the Company for a period from 2 May 2024 up to and including 26 July 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 BNP PARIBAS Financial Markets SNC 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 2024 06 21

FAQ

What is the purpose of Shell's share buy-back program announced on 2 May 2024?

The share buy-back program aims to enhance shareholder value by repurchasing and canceling shares.

How many shares did Shell repurchase on 21 June 2024?

Shell repurchased a total of 998,000 shares on 21 June 2024.

What was the highest price paid by Shell for shares on 21 June 2024?

The highest price paid by Shell was £27.7750 for GBP transactions and €32.9350 for EUR transactions.

Which trading venues were involved in Shell's share repurchase on 21 June 2024?

The trading venues included LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX.

Who executed Shell's share buy-back transactions?

BNP PARIBAS Financial Markets SNC executed the share buy-back transactions independently.