Transaction in Own Shares | Financial Post


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Transaction in own shares

January 25, 2023

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Shell plc (the “Company”) announces that on 25 January 2023 it has purchased the following number of Shares for cancellation.

Aggregate information on Shares purchased by trading venue:

Date of purchase Number of shares purchased Highest price paid Lowest price paid Volume weighted average price paid per share Venue Opportunity
25/01/2023 1,500,000 £23.5950 £23.0700 £23.3866 LSE GBP
25/01/2023 500,000 £23.5950 £23.0700 £23.3876 Chi-X (CXE) GBP
25/01/2023 457 421 £23.5950 £23.0750 £23.3702 BAT WALLS (BXE) GBP
25/01/2023 XAMS EUR
25/01/2023 CBOE DXE EUR
25/01/2023 TQEX EUR

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These share purchases form part of the on- and off-market parts of the company’s existing share buyback program previously announced on 27 October 2022.

In connection with this program, for a period from October 27, 2022 through January 27, 2023, Goldman Sachs International will make trading decisions regarding the securities independently of the Company.

The on-market restriction will be effected within certain predetermined parameters and in accordance with the Company’s general authorization to repurchase shares on the market. The off-market restriction will be effected in accordance with the Company’s general authorization to repurchase shares off-market pursuant to the off-market repurchase agreement approved by its shareholders and the predetermined parameters set forth therein. The program 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 buyback programs (“EU MAR”) and EU MAR as “landed” in UK law from the end of the Brexit Transition Period (at 23:00 on 31 December 2020) by the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, replaced or superseded by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Withdrawal) Regulations (SI 2019/310)),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 “landed” in UK law from the end of the Brexit transition period (at 23:00 on 31 December 2020) by the European Union ( Withdrawal) Act 2018 (as amended d eur the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, renewed, superseded or superseded by the Financial Services Act, 2021 and relevant statutory instruments (including the Market Abuse (Amendment) (EU Withdrawal ) Regulations (SI 2019/310) ), from time to time.

In accordance with EU MAR and UK MAR, a breakdown of the individual transactions made by Goldman Sachs International on behalf of the company as part of the buyback program is set out below.

Queries:

Media International: +44 (0) 207 934 5550

Media America: +1 832 337 4335

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

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