Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announced a share repurchase transaction on August 27, 2024, as part of its ongoing buyback program. The company bought 793,184 shares on the London Stock Exchange at a volume-weighted average price of £27.3689 per share. Additionally, 770,608 shares were purchased on Euronext Amsterdam at an average price of €32.6523.

This transaction is part of Shell's share buyback programme announced on August 1, 2024. Citigroup Global Markets is managing the trading decisions independently until October 25, 2024. The program adheres to regulatory guidelines, including EU and UK Market Abuse Regulations.

Positive

• Shell is actively executing its share buyback program, potentially increasing shareholder value
• The company has sufficient cash flow to fund share repurchases

Negative

• Large share repurchases may reduce the company's cash reserves for other investments or operations

Transaction in Own Shares

27 August, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 27 August 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
27/08/2024	793,184	£27.6050	£27.2150	£27.3689	LSE	GBP
27/08/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
27/08/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
27/08/2024	770,608	€32.8450	€32.5050	€32.6523	XAMS	EUR
27/08/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
27/08/2024	-	€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 12 of the 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 27-Aug-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on August 27, 2024?

Shell (SHEL) repurchased a total of 1,563,792 shares on August 27, 2024, consisting of 793,184 shares on the London Stock Exchange and 770,608 shares on Euronext Amsterdam.

What was the average price paid per share for Shell's (SHEL) stock repurchase on August 27, 2024?

The volume-weighted average price paid per share was £27.3689 on the London Stock Exchange and €32.6523 on Euronext Amsterdam.

When did Shell (SHEL) announce its current share buyback programme?

Shell (SHEL) announced its current share buyback programme on August 1, 2024.

Who is managing the trading decisions for Shell's (SHEL) share buyback programme?

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