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Transaction in Own Shares

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Shell plc (SHEL) has announced share repurchases conducted on January 21, 2025, as part of its existing buyback programme announced on October 31, 2024. The company purchased 1,210,000 shares on the London Stock Exchange at prices ranging from £26.9150 to £27.2300, with a volume-weighted average price of £27.0474. Additionally, 720,000 shares were purchased on XAMS at prices between €32.0300 and €32.4150, with a volume-weighted average price of €32.2119.

The share buyback program is being executed by Citigroup Global Markets , which will make independent trading decisions until January 24, 2025. The program includes both on-market and off-market components, conducted in accordance with UK Listing Rules, EU MAR, and UK MAR regulations.

Shell plc (SHEL) ha annunciato il riacquisto di azioni effettuato il 21 gennaio 2025, come parte del suo programma di buyback esistente annunciato il 31 ottobre 2024. L'azienda ha acquistato 1.210.000 azioni sulla Borsa di Londra a prezzi compresi tra £26.9150 e £27.2300, con un prezzo medio ponderato per il volume di £27.0474. Inoltre, 720.000 azioni sono state acquistate su XAMS a prezzi tra €32.0300 e €32.4150, con un prezzo medio ponderato per il volume di €32.2119.

Il programma di riacquisto delle azioni è gestito da Citigroup Global Markets, che prenderà decisioni di trading indipendenti fino al 24 gennaio 2025. Il programma include sia componenti di mercato che fuori mercato, effettuati in conformità con le norme di quotazione del Regno Unito, la normativa UE MAR e la normativa MAR del Regno Unito.

Shell plc (SHEL) ha anunciado recompra de acciones realizada el 21 de enero de 2025, como parte de su programa de recompra existente anunciado el 31 de octubre de 2024. La compañía adquirió 1.210.000 acciones en la Bolsa de Valores de Londres a precios que oscilaron entre £26.9150 y £27.2300, con un precio medio ponderado por volumen de £27.0474. Además, 720.000 acciones fueron compradas en XAMS a precios entre €32.0300 y €32.4150, con un precio medio ponderado por volumen de €32.2119.

El programa de recompra de acciones está siendo ejecutado por Citigroup Global Markets, que tomará decisiones de trading independientes hasta el 24 de enero de 2025. El programa incluye componentes tanto en mercado como fuera de mercado, llevado a cabo de acuerdo con las Normas de Cotización del Reino Unido, la normativa MAR de la UE y la normativa MAR del Reino Unido.

Shell plc (SHEL)는 2025년 1월 21일에 기존의 자사주 매입 프로그램의 일환으로 주식 매입을 발표했습니다. 회사는 런던 증권 거래소에서 1,210,000주를 £26.9150에서 £27.2300의 가격으로 구매했으며, 거래량 가중 평균 가격은 £27.0474입니다. 추가로, 720,000주가 XAMS에서 €32.0300에서 €32.4150의 가격으로 구매되었으며, 거래량 가중 평균 가격은 €32.2119입니다.

주식 매입 프로그램은 Citigroup Global Markets에 의해 실행되고 있으며, 2025년 1월 24일까지 독립적인 거래 결정을 내릴 것입니다. 이 프로그램은 시장 내 및 시장 외의 구성 요소를 포함하며, 영국 상장 규칙, EU MAR 및 영국 MAR 규정에 따라 수행됩니다.

Shell plc (SHEL) a annoncé un rachat d'actions effectué le 21 janvier 2025, dans le cadre de son programme de rachat existant annoncé le 31 octobre 2024. L'entreprise a acheté 1.210.000 actions sur la Bourse de Londres à des prix variant entre £26.9150 et £27.2300, avec un prix moyen pondéré par le volume de £27.0474. De plus, 720.000 actions ont été achetées sur XAMS à des prix entre €32.0300 et €32.4150, avec un prix moyen pondéré par le volume de €32.2119.

Le programme de rachat d'actions est exécuté par Citigroup Global Markets, qui prendra des décisions de trading indépendantes jusqu'au 24 janvier 2025. Le programme comprend des éléments sur le marché et des éléments hors marché, réalisés conformément aux règles de cotation britanniques, au règlement MAR de l'UE et au règlement MAR britannique.

Shell plc (SHEL) hat den Rückkauf von Aktien bekannt gegeben, der am 21. Januar 2025 durchgeführt wurde, als Teil seines bestehenden Rückkaufprogramms, das am 31. Oktober 2024 angekündigt wurde. Das Unternehmen erwarb 1.210.000 Aktien an der Londoner Börse zu Preisen zwischen £26.9150 und £27.2300, mit einem volumengewichteten Durchschnittspreis von £27.0474. Darüber hinaus wurden 720.000 Aktien an XAMS zu Preisen zwischen €32.0300 und €32.4150 gekauft, mit einem volumengewichteten Durchschnittspreis von €32.2119.

Das Aktienrückkaufprogramm wird von Citigroup Global Markets durchgeführt, die bis zum 24. Januar 2025 unabhängige Handelsentscheidungen treffen werden. Das Programm umfasst sowohl Markt- als auch Off-Markt-Komponenten, die gemäß den britischen Notierungsregeln, der EU MAR und den britischen MAR-Vorschriften durchgeführt werden.

Positive
  • Ongoing share buyback program demonstrates strong capital return commitment to shareholders
  • Substantial daily purchase volume indicates significant market presence
Negative
  • None.

Insights

Shell's latest share buyback activity demonstrates continued execution of their capital return program, with 1,210,000 shares purchased on the London Stock Exchange at a volume-weighted average price of £27.0474 and 720,000 shares on Euronext Amsterdam at €32.2119. The total daily purchase value amounts to approximately £55.8 million, showcasing substantial capital deployment. This systematic approach to share repurchases, managed independently by Citigroup Global Markets, reflects Shell's strong cash position and commitment to shareholder returns.

The buyback's execution at these price levels - between £26.9150 and £27.2300 in London - indicates management's confidence in the stock's intrinsic value. The dual-market approach (LSE and Euronext) optimizes liquidity and ensures efficient price discovery. With Shell's market cap around $202 billion, these daily purchases represent a measured yet meaningful reduction in outstanding shares, potentially supporting earnings per share metrics.

The timing aligns with the previously announced buyback program from October 2024, operating under both UK and EU regulatory frameworks post-Brexit. The structured nature of the program, with preset parameters and independent execution, helps maintain market integrity while delivering on shareholder return objectives.

Transaction in Own Shares

21 January, 2025

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

Shell plc (the ‘Company’) announces that on 21 January 2025 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchaseNumber of Shares purchasedHighest price paid


Lowest price paid


Volume weighted average price paid per shareVenueCurrency
21/01/20251,210,000 £27.2300£26.9150£27.0474LSEGBP
21/01/2025- £0.0000£0.0000£0.0000Chi-X (CXE)GBP
21/01/2025- £0.0000£0.0000£0.0000BATS (BXE)GBP
21/01/2025720,000 €32.4150€32.0300€32.2119XAMSEUR
21/01/2025- €0.0000€0.0000€0.0000CBOE DXEEUR
21/01/2025- €0.0000€0.0000€0.0000TQEXEUR

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


FAQ

How many shares did Shell (SHEL) repurchase on January 21, 2025?

Shell repurchased 1,210,000 shares on the London Stock Exchange and 720,000 shares on XAMS (Amsterdam) on January 21, 2025.

What was the price range for Shell's (SHEL) share buyback on January 21, 2025?

On the London Stock Exchange, shares were purchased between £26.9150 and £27.2300, while on XAMS, the price range was €32.0300 to €32.4150.

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

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

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

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

Shell plc American Depositary Shares (Each represents two Ordinary shares)

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