Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) has announced share repurchases conducted on December 6, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 1,326,000 shares on LSEG at prices between £24.69 and £25.115, with a volume-weighted average price of £24.9072. Additionally, 804,000 shares were purchased on XAMS at prices between €30.01 and €30.525, averaging €30.2857.

The purchases are part of Shell's share buy-back programme managed by Citigroup Global Markets , which will make independent trading decisions from October 31, 2024, through January 24, 2025. The programme includes both on-market and off-market components, conducted in accordance with UK Listing Rules and Market Abuse Regulations.

Positive

• Ongoing share buyback program demonstrates strong capital return commitment to shareholders
• Substantial share repurchase volume of 2.13 million shares across markets indicates robust execution of buyback strategy

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback activity shows continued commitment to their capital return program, with purchases of 1,326,000 shares on the London Stock Exchange at a VWAP of £24.91 and 804,000 shares on Euronext Amsterdam at €30.29. This strategic move, part of their previously announced buyback program, demonstrates strong cash flow generation and confidence in the company's financial position. The execution through Citigroup until January 2025 ensures compliance with regulatory requirements while maintaining market stability. The dual-market approach (LSE and Euronext) reflects Shell's international shareholder base and enhances liquidity across key trading venues. This systematic capital return approach typically supports share price stability and enhances earnings per share through share count reduction.

Transaction in Own Shares

06 December, 2024

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Shell plc (the ‘Company’) announces that on 06 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
06/12/2024	1,326,000	£25.1150	£24.6900	£24.9072	LSE	GBP
06/12/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
06/12/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
06/12/2024	804,000	€30.5250	€30.0100	€30.2857	XAMS	EUR
06/12/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
06/12/2024	-	€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 06-Dec-24 - complete

FAQ

How many shares did Shell (SHEL) purchase on December 6, 2024?

Shell purchased 1,326,000 shares on LSEG and 804,000 shares on XAMS, totaling 2,130,000 shares on December 6, 2024.

What was the price range for Shell's (SHEL) share purchases on December 6, 2024?

On LSEG, shares were purchased between £24.69 and £25.115, while on XAMS, the price range was €30.01 to €30.525.

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

The current share buyback programme, managed by Citigroup Global Markets , will continue until January 24, 2025.