Transaction in Own Shares

Rhea-AI Summary

Shell plc announces share repurchases conducted on October 24, 2024, as part of its existing buyback programme. The company purchased 956,930 shares on LSEG at prices between £25.3800 and £25.7250 (VWAP: £25.5256), and 907,870 shares on XAMS at prices between €30.7550 and €31.1850 (VWAP: €30.9489). The purchases are part of the programme announced on August 1, 2024, managed independently by Citigroup Global Markets until October 25, 2024, following UK Listing Rules and Market Abuse Regulations.

Positive

• Continued execution of share buyback program, returning value to shareholders
• Significant volume of shares purchased across multiple exchanges (1.86M shares total)

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback update reveals significant market activity with 956,930 shares purchased on the London Stock Exchange at a volume-weighted average price of £25.5256 and 907,870 shares on Euronext Amsterdam at €30.9489. This strategic repurchase, part of their previously announced buyback program, demonstrates Shell's continued commitment to returning value to shareholders.

The execution through Citigroup Global Markets , operating independently within pre-set parameters, ensures market compliance and efficient capital allocation. The dual-market approach (London and Amsterdam) reflects Shell's Anglo-Dutch heritage and provides liquidity across key European trading venues. The weighted average prices indicate disciplined execution, staying within a tight range that suggests minimal market impact despite the substantial volume.

Transaction in Own Shares

24 October, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 24 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
24/10/2024	956,930	£25.7250	£25.3800	£25.5256	LSE	GBP
24/10/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
24/10/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
24/10/2024	907,870	€31.1850	€30.7550	€30.9489	XAMS	EUR
24/10/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
24/10/2024	-	€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 24-Oct-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on October 24, 2024?

Shell (SHEL) repurchased a total of 1,864,800 shares on October 24, 2024, consisting of 956,930 shares on LSEG and 907,870 shares on XAMS.

What was the price range for Shell's (SHEL) share buyback on October 24, 2024?

On LSEG, Shell purchased shares between £25.3800 and £25.7250, and on XAMS between €30.7550 and €31.1850.

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

The current share buyback program, managed by Citigroup Global Markets , will run until October 25, 2024.