Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announces share repurchases conducted on October 25, 2024, as part of its existing buyback programme. The company purchased 569,895 shares on LSEG at prices between £25.3350 and £25.5700, with a volume-weighted average price of £25.4558. Additionally, 650,741 shares were purchased on XAMS at prices between €30.6650 and €30.9750, averaging €30.8302. These transactions are part of the programme announced on August 1, 2024, managed independently by Citigroup Global Markets

Positive

• Ongoing share buyback program demonstrates strong capital return commitment to shareholders
• Active repurchase of over 1.22 million shares across multiple exchanges indicates robust execution of buyback strategy

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback activity shows continued execution of their capital return program, with a significant daily purchase of 569,895 shares on the London Stock Exchange at a volume-weighted average price of £25.4558, plus 650,741 shares on Euronext Amsterdam at €30.8302. This represents a substantial daily investment of approximately £34.5 million in share repurchases.

The buyback demonstrates Shell's strong cash position and commitment to returning capital to shareholders. This program, which runs until October 25, 2024, is being executed through Citigroup Global Markets , ensuring independent trading decisions within pre-set parameters. The consistent implementation of buybacks typically supports share price stability and signals management's confidence in the company's valuation and future prospects.

Transaction in Own Shares

25 October, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 25 October 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
25/10/2024	569,895	£25.5700	£25.3350	£25.4558	LSE	GBP
25/10/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
25/10/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
25/10/2024	650,741	€30.9750	€30.6650	€30.8302	XAMS	EUR
25/10/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
25/10/2024	-	€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 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 25-Oct-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on October 25, 2024?

Shell (SHEL) repurchased a total of 1,220,636 shares on October 25, 2024, consisting of 569,895 shares on LSEG and 650,741 shares on XAMS.

What was the price range for Shell's (SHEL) share buyback on October 25, 2024?

On LSEG, shares were purchased between £25.3350 and £25.5700, while on XAMS, the price range was €30.6650 to €30.9750.

When did Shell (SHEL) announce this share buyback programme?

Shell announced this share buyback programme on August 1, 2024.