Transaction in Own Shares

Rhea-AI Summary

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Shell plc announces the purchase of a significant number of shares for cancellation as part of its share buy-back program. The company disclosed detailed information on the shares purchased, including the highest and lowest prices paid and the volume-weighted average price per share. Citigroup Global Markets will handle trading decisions independently as part of the buy-back program. The purchases will be conducted on and off-market in compliance with regulatory requirements.

Positive

• Shell plc purchased a total of 823,000 shares on the London Stock Exchange (LSE) at a volume-weighted average price of £29.1365 per share.
• The company also bought 769,000 shares on XAMS at a volume-weighted average price of €34.1073 per share.
• Citigroup Global Markets will oversee trading decisions independently as part of Shell's share buy-back program.
• The purchases are in line with regulatory requirements under the EU Market Abuse Regulation and UK Market Abuse Regulation.
• The buy-back program was previously announced on 1 February 2024, with trading decisions made up to 26 April 2024.
• The on-market and off-market purchases are conducted within preset parameters and in accordance with the company's general authority to repurchase shares.

Negative

• None.

Transaction in Own Shares

24 April, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 24 April 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
24/04/2024	823,000	£29.2200	£29.0100	£29.1365	LSE	GBP
24/04/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
24/04/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
24/04/2024	769,000	€34.2250	€33.9600	€34.1073	XAMS	EUR
24/04/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
24/04/2024	-	€0.0000	€0.0000	€0.0000	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 1 February 2024.

In respect of this programme, Citigroup Global Markets Limited will make trading decisions in relation to the securities independently of the Company for a period from 1 February 2024 up to and including 26 April 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 Citigroup Global Markets Limited 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

• Shell Share Buyback RNS - 24-Apr-24 - complete

FAQ

How many shares did Shell plc purchase on the London Stock Exchange (LSE)?

Shell plc purchased 823,000 shares on the LSE.

What is the volume-weighted average price per share for the shares purchased on XAMS?

The volume-weighted average price per share for the shares purchased on XAMS was €34.1073.

Who will make trading decisions for Shell plc's share buy-back program?

Citigroup Global Markets will make trading decisions independently for Shell plc's share buy-back program.

When was the buy-back program previously announced?

The buy-back program was previously announced on 1 February 2024.

What regulations govern Shell plc's buy-back program?

The purchases are conducted in compliance with the EU Market Abuse Regulation and UK Market Abuse Regulation.