Transaction in Own Shares

Rhea-AI Summary

Shell plc announces share repurchases conducted on November 8, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 1,100,000 shares on LSEG at prices between £25.5850 and £26.0200, with a volume-weighted average price of £25.7808. Additionally, 715,000 shares were purchased on XAMS at prices between €31.1450 and €31.6250, averaging €31.3496. The programme, managed independently by Citigroup Global Markets , will continue until January 24, 2025, operating under UK and EU market regulations.

Positive

• Active share buyback program demonstrates strong capital return policy to shareholders
• Substantial volume of shares purchased (1,815,000 total) indicates significant commitment to the buyback program

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback activity shows significant capital return commitment, with 1,100,000 shares purchased on the London Stock Exchange at an average price of £25.7808 and 715,000 shares on Euronext Amsterdam at €31.3496. This is part of their previously announced buyback program from October 31, extending through January 2025.

The execution through Citigroup Global Markets demonstrates strong corporate governance and compliance with UK and EU regulations. The dual-market approach (LSE and Euronext) optimizes liquidity and pricing efficiency. At current prices, today's buyback represents approximately $47 million in capital return, maintaining Shell's commitment to shareholder value creation through systematic share repurchases.

Transaction in Own Shares

08 November, 2024

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Shell plc (the ‘Company’) announces that on 08 November 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
08/11/2024	1,100,000	£26.0200	£25.5850	£25.7808	LSE	GBP
08/11/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
08/11/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
08/11/2024	715,000	€31.6250	€31.1450	€31.3496	XAMS	EUR
08/11/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
08/11/2024	-	€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 31 October 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 31 October 2024 up to and including 24 January 2025.

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 9 of the UK 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 08-Nov-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on November 8, 2024?

Shell purchased 1,100,000 shares on LSEG and 715,000 shares on XAMS, totaling 1,815,000 shares on November 8, 2024.

What was the price range for Shell's (SHEL) share buyback on November 8, 2024?

On LSEG, shares were purchased between £25.5850 and £26.0200, while on XAMS, the price range was €31.1450 to €31.6250.

When will Shell's (SHEL) current share buyback program end?

The current share buyback program, announced on October 31, 2024, will continue until January 24, 2025.