Transaction in Own Shares

Rhea-AI Summary

Shell plc has announced share repurchases conducted on December 10, 2024, as part of its existing buyback programme. The company purchased 1,115,000 shares on the London Stock Exchange at prices between £25.1550 and £25.3050, with a volume-weighted average price of £25.2266. Additionally, 715,000 shares were purchased on XAMS at prices between €30.6900 and €30.8350, averaging €30.7669.

These purchases are part of Shell's share buy-back programme announced on October 31, 2024, which will run until January 24, 2025. Citigroup Global Markets is executing the trades independently within pre-set parameters, in accordance with UK Listing Rules and Market Abuse Regulations.

Positive

• Active share buyback program demonstrates strong capital return to shareholders
• Substantial share repurchase volume indicates robust financial position

Negative

• None.

Insights

Financial Analyst

Shell continues its share buyback program with a significant purchase of 1,115,000 shares on the London Stock Exchange at a volume-weighted average price of £25.2266, plus 715,000 shares on Euronext Amsterdam at €30.7669. This systematic repurchasing demonstrates Shell's commitment to returning value to shareholders through its previously announced buyback program. The execution through Citigroup, running until January 24, 2025, follows strict regulatory frameworks including UK Listing Rules and Market Abuse Regulations. Share buybacks typically support stock price stability and indicate management's confidence in the company's financial position, effectively reducing the number of outstanding shares and potentially increasing earnings per share for remaining shareholders.

Transaction in Own Shares

10 December, 2024

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Shell plc (the ‘Company’) announces that on 10 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
10/12/2024	1,115,000	£25.3050	£25.1550	£25.2266	LSE	GBP
10/12/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
10/12/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
10/12/2024	715,000	€30.8350	€30.6900	€30.7669	XAMS	EUR
10/12/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
10/12/2024	-	€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 10-Dec-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on December 10, 2024?

Shell purchased 1,115,000 shares on the London Stock Exchange and 715,000 shares on XAMS, totaling 1,830,000 shares on December 10, 2024.

What is the price range of Shell's (SHEL) share buyback on December 10, 2024?

On the London Stock Exchange, shares were purchased between £25.1550 and £25.3050, while on XAMS, the price range was €30.6900 to €30.8350.

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

Shell's current share buyback program, announced on October 31, 2024, will run until January 24, 2025.