Transaction in Own Shares

Rhea-AI Summary

Shell plc announced the purchase of its own shares on May 23, 2024, as part of its ongoing buy-back program. The company repurchased shares across various trading venues including the LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX. The highest price paid per share was £27.8400 and €32.8250, while the lowest was £27.5250 and €32.4900. The total number of shares repurchased was 1,542,225 in GBP and 754,999 in EUR. BNP PARIBAS Financial Markets SNC manages the trading independently for the buy-back program which runs until July 26, 2024. This action aligns with Shell's strategic financial management policies within the regulations of EU MAR and UK MAR.

Positive

• Shell plc successfully repurchased a significant total of 2,297,224 shares.
• The buy-back program indicates confidence in Shell's financial health and future performance.
• The highest price paid per share reflects strong market value.
• The program is conducted in compliance with EU MAR and UK MAR, ensuring regulatory adherence.

Negative

• The share repurchase might reduce available capital for other investments or operations.
• The buy-back program can be perceived as a lack of better investment opportunities.

Transaction in Own Shares

23 May, 2024

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Shell plc (the ‘Company’) announces that on 23 May, 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
23/05/2024	532,328	£27.8400	£27.5250	£27.7069	LSE	GBP
23/05/2024	161,841	£27.8400	£27.5600	£27.7096	Chi-X (CXE)	GBP
23/05/2024	93,056	£27.8400	£27.5650	£27.7152	BATS (BXE)	GBP
23/05/2024	514,226	€32.8250	€32.4900	€32.6855	XAMS	EUR
23/05/2024	183,175	€32.8200	€32.4900	€32.6843	CBOE DXE	EUR
23/05/2024	57,599	€32.7950	€32.5100	€32.6776	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 05 23

FAQ

What is the date of Shell's latest share buy-back?

Shell's latest share buy-back occurred on May 23, 2024.

How many shares did Shell repurchase on May 23, 2024?

On May 23, 2024, Shell repurchased a total of 2,297,224 shares.

What was the highest price paid per share by Shell during the buy-back on May 23, 2024?

The highest price paid per share by Shell was £27.8400 and €32.8250.

Which trading venues were involved in Shell's share repurchase program on May 23, 2024?

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

Who manages Shell's share buy-back program?

BNP PARIBAS Financial Markets SNC manages Shell's share buy-back program independently.