Transaction in Own Shares

Rhea-AI Summary

Shell plc announces share repurchases conducted on November 22, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 1,023,000 shares on LSEG at prices between £25.93 and £26.18, with a volume-weighted average price of £26.0541. Additionally, 650,000 shares were purchased on XAMS at prices between €31.46 and €31.805, averaging €31.6149. The programme, managed independently by Citigroup Global Markets , will continue until January 24, 2025, operating under UK and EU market regulations.

Positive

• Ongoing share buyback program demonstrates strong capital return commitment to shareholders
• Active market presence with significant share repurchases across multiple exchanges

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback activity shows continued execution of their capital return program, with 1,023,000 shares purchased on the London Stock Exchange at an average price of £26.0541 and 650,000 shares on Euronext Amsterdam at €31.6149. This strategic repurchase, part of their previously announced buyback program, demonstrates Shell's commitment to returning value to shareholders. The timing and execution through Citigroup suggests disciplined capital management, taking advantage of current market conditions. The buyback volume indicates strong cash flow position and confidence in the company's financial outlook. For investors, this systematic reduction in share count should support earnings per share metrics and potentially provide price support in the market. The structured approach with pre-set parameters and regulatory compliance adds credibility to the program's execution.

Transaction in Own Shares

22 November, 2024

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Shell plc (the ‘Company’) announces that on 22 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
22/11/2024	1,023,000	£26.1800	£25.9300	£26.0541	LSE	GBP
22/11/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
22/11/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
22/11/2024	650,000	€31.8050	€31.4600	€31.6149	XAMS	EUR
22/11/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
22/11/2024	-	€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 22-Nov-24 - complete

FAQ

How many shares did Shell (SHEL) purchase on November 22, 2024?

Shell purchased 1,023,000 shares on LSEG and 650,000 shares on XAMS on November 22, 2024.

What was the price range for Shell's (SHEL) share purchases on LSEG on November 22, 2024?

Shell purchased shares on LSEG at prices ranging from £25.93 to £26.18, with a volume-weighted average price of £26.0541.

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

The current share buyback programme will continue until January 24, 2025.