Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) has announced its latest share buyback activity on December 13, 2024, as part of its previously announced program from October 31, 2024. The company purchased 1,250,000 shares on the London Stock Exchange at prices ranging from £24.9250 to £25.1900, with a volume-weighted average price of £25.0688. Additionally, 900,000 shares were purchased on XAMS at prices between €30.2750 and €30.6700, averaging €30.4774.

The buyback program, managed independently by Citigroup Global Markets , will continue until January 24, 2025, operating through both on-market and off-market mechanisms in accordance with UK Listing Rules and Market Abuse Regulations.

Positive

• Ongoing share buyback program demonstrates strong capital return commitment to shareholders
• Significant daily purchase volume indicates robust execution of buyback strategy

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback activity shows significant capital deployment with 1.25 million shares purchased on the London Stock Exchange at a VWAP of £25.0688 and 900,000 shares on Euronext Amsterdam at €30.4774. This represents a substantial daily buyback volume, continuing the program announced on October 31, 2024. The execution prices reflect a tight trading range, indicating disciplined implementation. The buyback demonstrates Shell's strong cash position and commitment to returning capital to shareholders. This systematic approach to capital return, combined with the company's robust operational performance, typically supports positive market sentiment. The program's pre-set parameters and independent execution by Citigroup ensure market compliance and systematic implementation through January 24, 2025.

Market Research Analyst

The scale of today's buyback activity, totaling over 2.15 million shares across two major exchanges, signals strong corporate confidence in Shell's valuation and future prospects. The dual-exchange execution strategy optimizes liquidity and price discovery while maintaining market stability. With Shell's substantial market cap of $195.4 billion, this buyback represents a measured approach to capital return that shouldn't significantly impact daily trading dynamics. The tight price ranges on both exchanges (£24.93-£25.19 and €30.28-€30.67) suggest well-managed execution with minimal market impact. This systematic buyback approach typically provides reliable price support and enhances earnings per share metrics.

Transaction in Own Shares

13 December, 2024

• • • • • • • • • • • • • • • •        

Shell plc (the ‘Company’) announces that on 13 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
13/12/2024	1,250,000	£25.1900	£24.9250	£25.0688	LSE	GBP
13/12/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
13/12/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
13/12/2024	900,000	€30.6700	€30.2750	€30.4774	XAMS	EUR
13/12/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
13/12/2024	-	€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 13-Dec-24 - complete

FAQ

How many shares did Shell (SHEL) purchase on December 13, 2024?

Shell purchased 1,250,000 shares on the London Stock Exchange and 900,000 shares on XAMS (Amsterdam) on December 13, 2024.

What is the price range of Shell's (SHEL) share buyback on December 13, 2024?

On the London Stock Exchange, shares were purchased between £24.9250 and £25.1900, while on XAMS, the price range was €30.2750 to €30.6700.

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

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

Who manages Shell's (SHEL) share buyback program?

Citigroup Global Markets independently manages the trading decisions for Shell's share buyback program.

When did Shell (SHEL) announce this share buyback program?

Shell announced this share buyback program on October 31, 2024.