Transaction in Own Shares

Shell plc announced the purchase of a significant number of its own shares for cancellation.

Rhea-AI Summary

Shell plc announced the purchase of a significant number of its own shares for cancellation. The company disclosed detailed information on the shares purchased, including the highest and lowest prices paid, as well as the volume-weighted average price per share. These transactions are part of the company's existing share buy-back program. BNP PARIBAS Financial Markets SNC will make trading decisions independently for a specified period. The buy-back program will be conducted in accordance with relevant regulations.

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Transaction in Own Shares

9 May, 2024

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Shell plc (the ‘Company’) announces that on 9 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
09/05/2024	595,978	£29.2350	£28.9500	£29.0895	LSE	GBP
09/05/2024	128,609	£29.2350	£28.9700	£29.0808	Chi-X (CXE)	GBP
09/05/2024	100,413	£29.2400	£28.9750	£29.0602	BATS (BXE)	GBP
09/05/2024	573,341	€34.1350	€33.8100	€33.9810	XAMS	EUR
09/05/2024	189,968	€34.1300	€33.8100	€33.9871	CBOE DXE	EUR
09/05/2024	41,691	€34.1100	€33.8400	€33.9108	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 09

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Shell plc announce regarding its own shares on 9 May, 2024?

Shell plc announced the purchase of a significant number of its own shares for cancellation on 9 May, 2024.

What is the significance of the share purchases made by Shell plc?

The share purchases are part of the company's existing share buy-back program, aimed at repurchasing its own shares.

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

BNP PARIBAS Financial Markets SNC will make trading decisions independently for a specified period in relation to the share buy-back program.

In what manner will the on-market limb of Shell plc's share buy-back program be effected?

The on-market limb will be conducted within certain pre-set parameters and in accordance with the company's general authority to repurchase shares on-market.

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

The program will be conducted in accordance with Chapter 12 of the Listing Rules, Article 5 of the Market Abuse Regulation 596/2014/EU, and relevant statutory instruments, including UK MAR and the EU MAR Delegated Regulation.