Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) has announced the repurchase of 811,487 shares on the London Stock Exchange at a volume-weighted average price of £28.0864 per share on August 14, 2024. Additionally, 778,325 shares were bought on Euronext Amsterdam at an average price of €33.0291. These purchases are part of Shell's ongoing share buy-back programme announced on August 1, 2024. The programme, managed independently by Citigroup Global Markets , will continue until October 25, 2024. It includes both on-market and off-market share repurchases, conducted in accordance with regulatory guidelines and pre-set parameters.

Positive

• Shell is actively implementing its share buy-back programme, potentially increasing shareholder value
• The company is repurchasing shares on multiple exchanges, demonstrating a comprehensive approach to the buy-back strategy

Negative

• Significant capital expenditure on share repurchases may reduce funds available for other investments or operations

Transaction in Own Shares

14 August, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 14 August 2024 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchase	Number of Shares purchased	Highest price paid	Lowest price paid	Volume weighted average price paid per share	Venue	Currency
14/08/2024	811,487	£28.1950	£28.0050	£28.0864	LSE	GBP
14/08/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
14/08/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
14/08/2024	778,325	€33.1700	€32.9150	€33.0291	XAMS	EUR
14/08/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
14/08/2024	-	€0.0000	€0.0000	€0.0000	TQEX	EUR

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 August 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 August 2024 up to and including 25 October 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

• RNS Template 14-Aug-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on August 14, 2024?

Shell (SHEL) repurchased a total of 1,589,812 shares on August 14, 2024, with 811,487 shares on the London Stock Exchange and 778,325 shares on Euronext Amsterdam.

What was the average price paid per share for Shell's (SHEL) stock repurchase on August 14, 2024?

On August 14, 2024, Shell (SHEL) paid a volume-weighted average price of £28.0864 per share on the London Stock Exchange and €33.0291 per share on Euronext Amsterdam.

When did Shell (SHEL) announce its current share buy-back programme?

Shell (SHEL) announced its current share buy-back programme on August 1, 2024.

Until what date will Shell's (SHEL) current share buy-back programme continue?

Shell's (SHEL) current share buy-back programme will continue until October 25, 2024.