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Transaction in Own Shares

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Shell plc announces the purchase of 1,473,050 shares at a volume-weighted average price of £27.1115 on the LSE, as part of its share buy-back program. Citigroup Global Markets will manage trading decisions independently until 26 April 2024. The program complies with EU and UK regulations.
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Transaction in Own Shares

02 April, 2024

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Shell plc (the ‘Company’) announces that on 02 April 2024 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchaseNumber of Shares purchasedHighest price paid

 
Lowest price paid

 
Volume weighted average price paid per shareVenueCurrency
02/04/20241,473,050 £27.2350£26.5400£27.1115LSEGBP
02/04/2024213,581 £27.2400£26.9600£27.1437Chi-X (CXE)GBP
02/04/2024963,154 £27.2350£26.9300£27.1334BATS (BXE)GBP
02/04/2024250,000 €32.0000€31.3000€31.7907XAMSEUR
02/04/2024- €0.0000€0.0000€0.0000CBOE DXEEUR
02/04/2024- €0.0000€0.0000€0.0000TQEXEUR

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


FAQ

How many shares did Shell plc purchase on 02 April 2024?

Shell plc purchased 1,473,050 shares on 02 April 2024.

At what price did Shell plc buy the shares on the LSE?

Shell plc bought shares on the LSE at prices ranging from £26.5400 to £27.2350.

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.

What regulations does Shell plc's share buy-back program comply with?

Shell plc's share buy-back program complies with EU MAR and UK MAR regulations.

Shell plc

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About SHEL

Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange and secondary listings on Euronext Amsterdam and the New York Stock Exchange.