Transaction in Own Shares

Rhea-AI Summary

Shell plc announced share repurchases conducted on December 5, 2024, as part of its existing buyback programme. The company purchased 1,245,200 shares on LSEG at prices between £24.9000 and £25.2000 (VWAP: £25.0211), and 819,800 shares on XAMS at prices between €30.3150 and €30.7000 (VWAP: €30.4537).

These purchases are part of the company's share buy-back programme announced on October 31, 2024. Citigroup Global Markets is managing the trading decisions independently until January 24, 2025, operating within pre-set parameters and in accordance with market regulations.

Positive

• Ongoing share buyback program demonstrates strong capital return policy to shareholders
• Company maintains financial flexibility to repurchase shares across multiple exchanges

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback activity shows significant capital deployment, with the purchase of 1,245,200 shares on the London Stock Exchange at a volume-weighted average price of £25.02 and 819,800 shares on Euronext Amsterdam at €30.45. This is part of their previously announced buyback program from October 31, 2024. The systematic approach to share repurchases demonstrates Shell's robust capital return strategy and confidence in their financial position.

The dual-market execution (LSE and Euronext) optimizes liquidity and price efficiency. With Citigroup handling the trades independently until January 24, 2025, this structured approach helps maintain market stability and compliance with regulatory requirements. The significant daily volume indicates strong commitment to their shareholder return program, which typically supports share price stability and earnings per share accretion.

Transaction in Own Shares

05 December, 2024

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Shell plc (the ‘Company’) announces that on 05 December 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
05/12/2024	1,245,200	£25.2000	£24.9000	£25.0211	LSE	GBP
05/12/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
05/12/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
05/12/2024	819,800	€30.7000	€30.3150	€30.4537	XAMS	EUR
05/12/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
05/12/2024	-	€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-Dec-24 - complete

FAQ

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

Shell repurchased 1,245,200 shares on LSEG and 819,800 shares on XAMS, totaling 2,065,000 shares on December 5, 2024.

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

On LSEG, shares were purchased between £24.9000 and £25.2000, and on XAMS between €30.3150 and €30.7000.

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

The current share buyback program, managed by Citigroup Global Markets , will continue until January 24, 2025.