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Transaction in Own Shares

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Shell plc announces the purchase of own shares for cancellation as part of its share buy-back program. The company bought a total of 3,648,304 shares across various trading venues at different prices. Citigroup Global Markets will make trading decisions independently until 26 April 2024. The buy-back program is conducted in compliance with EU and UK market regulations.
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Transaction in Own Shares

08 April, 2024

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Shell plc (the ‘Company’) announces that on 08 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
08/04/20241,719,639 £28.2550£27.7650£28.0624LSEGBP
08/04/2024244,510 £28.2550£27.7700£28.0412Chi-X (CXE)GBP
08/04/20241,112,967 £28.2550£27.7450£28.0427BATS (BXE)GBP
08/04/2024571,188 €33.1200€32.5550€32.8455XAMSEUR
08/04/2024- €0.0000€0.0000€0.0000CBOE DXEEUR
08/04/2024- €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 for cancellation?

Shell plc purchased a total of 3,648,304 shares for cancellation.

What is the highest price paid for the shares by Shell plc?

The highest price paid by Shell plc for the shares was £28.2550 on the LSE.

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 until 26 April 2024.

In what currency were the shares purchased on XAMS?

The shares purchased on XAMS were in Euros (EUR).

When was the share buy-back program announced by Shell plc?

The share buy-back program was announced on 1 February 2024 by Shell plc.

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.