Transaction in Own Shares

Rhea-AI Summary

Shell plc announces share repurchases conducted on November 14, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 1,637,700 shares on LSEG at prices between £25.13-£25.45, 500,000 shares on BATS at similar prices, and 1,416,900 shares on XAMS at €30.61-€30.97, plus 10,544 shares on CBOE DXE. The programme, managed independently by Citigroup Global Markets , will run until January 24, 2025, operating under UK and EU market regulations.

Positive

• Active share buyback program indicates strong capital return policy to shareholders
• Multi-exchange execution demonstrates liquidity and broad market access

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback activity demonstrates continued commitment to shareholder returns, with significant purchases across multiple venues. The company acquired 3.57 million shares across different trading platforms, including £25.33 per share on LSEG and €30.83 on XAMS. This is part of the broader buyback program announced on October 31, 2024, managed independently by Citigroup Global Markets through January 24, 2025.

The systematic execution across multiple exchanges helps maintain market liquidity while supporting share price stability. The weighted average purchase prices indicate disciplined execution within market ranges, suggesting effective cost management. This buyback reflects Shell's strong cash position and confidence in its financial outlook, though the impact on share price typically materializes over time rather than immediately.

Transaction in Own Shares

14 November, 2024

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Shell plc (the ‘Company’) announces that on 14 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
14/11/2024	1,637,700	£25.4500	£25.1300	£25.3326	LSE	GBP
14/11/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
14/11/2024	500,000	£25.4500	£25.1300	£25.3327	BATS (BXE)	GBP
14/11/2024	1,416,900	€30.9750	€30.6100	€30.8284	XAMS	EUR
14/11/2024	10,544	€30.7150	€30.6150	€30.6667	CBOE DXE	EUR
14/11/2024	-	€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 14-Nov-24 - complete

FAQ

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

Shell purchased 1,637,700 shares on LSEG, 500,000 shares on BATS, 1,416,900 shares on XAMS, and 10,544 shares on CBOE DXE.

What is the duration of Shell's (SHEL) current share buyback program?

The current share buyback program runs from October 31, 2024, to January 24, 2025.

What was the price range for Shell's (SHEL) share purchases on LSEG on November 14, 2024?

Shell purchased shares on LSEG at prices ranging from £25.13 to £25.45, with a volume-weighted average price of £25.3326.