Shell plc Announces Purchase of Own Shares as Part of Share Buy-Back Program

Shell plc, a leading global energy company, has recently announced the purchase of its own shares as part of its ongoing share buy-back program. The company has acquired a specific number of shares for cancellation, following the on- and off-market limbs of the program.

Citigroup Global Markets Limited, acting independently of Shell plc, will make trading decisions regarding the securities during the designated period. The on-market limb of the buy-back program will be executed within predetermined parameters and in accordance with the company’s authority to repurchase shares on the market. The off-market limb will be conducted in compliance with the company’s authority to repurchase shares off-market, as approved by its shareholders and outlined in the off-market buyback contract.

Shell plc’s share buy-back program adheres to the regulations set forth in Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU, as well as the relevant UK legislation. The program also complies with the EU MAR Delegated Regulation, which has been “onshored” into UK law.

As per EU MAR and UK MAR requirements, Citigroup Global Markets Limited has provided a breakdown of the individual trades made on behalf of Shell plc as part of the buy-back program.

Shell plc remains committed to its strategic initiatives and continues to create value for its shareholders. The share buy-back program demonstrates the company’s confidence in its long-term prospects and commitment to returning capital to shareholders.

For further information, please contact Shell plc’s media relations teams.