Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announced on 22 October 2024 that it purchased 826,600 shares on the London Stock Exchange at a volume-weighted average price of £25.5758 per share, and 803,370 shares on Euronext Amsterdam at a volume-weighted average price of €30.9850 per share. These purchases are part of the company's existing share buy-back programme announced on 1 August 2024.

The programme includes both on-market and off-market limbs, with Citigroup Global Markets making independent trading decisions from 1 August 2024 to 25 October 2024. The buyback is conducted in accordance with UK and EU regulations, including the Market Abuse Regulation and the Commission Delegated Regulation.

Positive

• Shell is actively repurchasing its own shares, which can potentially increase shareholder value
• The company is executing a predetermined share buy-back programme, demonstrating commitment to capital return

Negative

• Significant cash outflow for share repurchases may impact the company's liquidity

Insights

Financial Analyst

Shell's share buyback program continues with the purchase of 826,600 shares on the London Stock Exchange and 803,370 shares on Euronext Amsterdam. The weighted average price paid was £25.5758 and €30.9850 respectively. This is part of the company's ongoing capital return strategy, which was announced on August 1, 2024.

Share buybacks can be seen as a positive signal, indicating that the company believes its stock is undervalued and has confidence in its future prospects. For investors, this reduces the number of outstanding shares, potentially increasing earnings per share and stock value. However, it's important to note that this uses cash that could be invested in growth opportunities or returned as dividends.

The buyback is being executed within pre-set parameters and in compliance with UK and EU regulations, which provides transparency and regulatory assurance. The program is set to conclude on October 25, 2024, suggesting a short-term impact on share price and liquidity.

Overall, this continuation of the buyback program aligns with Shell's broader strategy of returning value to shareholders, which could be viewed favorably by the market in the short term.

Transaction in Own Shares

22 October, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 22 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
22/10/2024	826,600	£25.7250	£25.3850	£25.5758	LSE	GBP
22/10/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
22/10/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
22/10/2024	803,370	€31.1550	€30.7900	€30.9850	XAMS	EUR
22/10/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
22/10/2024	-	€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 22-Oct-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on 22 October 2024?

Shell (SHEL) repurchased a total of 1,629,970 shares on 22 October 2024, consisting of 826,600 shares on the London Stock Exchange and 803,370 shares on Euronext Amsterdam.

What was the average price paid per share for Shell's (SHEL) stock repurchase on 22 October 2024?

The volume-weighted average price paid per share was £25.5758 on the London Stock Exchange and €30.9850 on Euronext Amsterdam.

When did Shell (SHEL) announce its current share buy-back programme?

Shell (SHEL) announced its current share buy-back programme on 1 August 2024.

Who is making the trading decisions for Shell's (SHEL) share repurchases?

Citigroup Global Markets is making independent trading decisions for Shell's (SHEL) share repurchases from 1 August 2024 to 25 October 2024.