Transaction in Own Shares

Rhea-AI Summary

Shell plc announces share repurchases conducted on November 5, 2024, as part of its previously announced buyback programme. The company purchased 1,078,300 shares on LSEG at prices between £25.8450 and £26.1000, with a volume-weighted average price of £26.0212. Additionally, 709,150 shares were purchased on XAMS at prices between €31.1200 and €31.4500, with a volume-weighted average price of €31.3435. The buyback programme, managed independently by Citigroup Global Markets , will run from October 31, 2024, to January 24, 2025, following UK and EU market regulations.

Positive

• Ongoing share buyback program demonstrates strong capital return to shareholders
• Significant share repurchase volume indicates robust capital allocation strategy

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback execution shows significant market activity with 1,078,300 shares purchased on the London Stock Exchange at prices between £25.85 and £26.10, plus 709,150 shares on Euronext Amsterdam ranging from €31.12 to €31.45. This strategic capital return initiative, part of the program announced on October 31, demonstrates Shell's continued commitment to shareholder value enhancement. The substantial volume and competitive pricing suggest strong execution efficiency, while the dual-market approach (UK and Netherlands) reflects Shell's international shareholder base. The systematic nature of these buybacks, managed independently by Citigroup, indicates a well-structured approach to capital allocation and market participation.

Transaction in Own Shares

05 November, 2024

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Shell plc (the ‘Company’) announces that on 05 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
05/11/2024	1,078,300	£26.1000	£25.8450	£26.0212	LSE	GBP
05/11/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
05/11/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
05/11/2024	709,150	€31.4500	€31.1200	€31.3435	XAMS	EUR
05/11/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
05/11/2024	-	€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 05-Nov-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on November 5, 2024?

Shell repurchased 1,078,300 shares on LSEG and 709,150 shares on XAMS on November 5, 2024.

What was the price range for Shell's (SHEL) share buyback on November 5, 2024?

On LSEG, shares were purchased between £25.8450 and £26.1000, and on XAMS between €31.1200 and €31.4500.

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

The current share buyback program will run until January 24, 2025.