Shape Format toolbar not disabled in EXE

In XLS Padlock under the Security > Restirctions settings, I selected ‘Disable all ribbons and toolbars’. The Excel file contains shapes. When opening the EXE, no toolbars are visible. However, when I click on one of the shapes, the ‘Shape Format’ toolbar pops up. How I prevent this from happening? I do not want the user to be able to edit the shapes. Help would be much appreciated!