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Transaction in Own Shares

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Shell plc (SHEL) has announced share repurchases conducted on January 7, 2025, as part of its existing buyback programme. The company purchased 850,000 shares on the London Stock Exchange at prices between £25.77 and £26.25, with a volume-weighted average price of £26.067. Additionally, 620,000 shares were purchased on XAMS at prices between €31.35 and €31.90, averaging €31.7037.

These purchases are part of Shell's buyback programme announced on October 31, 2024, which will continue until January 24, 2025. Citigroup Global Markets is executing the trades independently within pre-set parameters, including both on-market and off-market transactions, in compliance with UK Listing Rules and Market Abuse Regulations.

Shell plc (SHEL) ha annunciato il riacquisto di azioni effettuato il 7 gennaio 2025, come parte del suo programma di buyback esistente. L'azienda ha acquistato 850.000 azioni presso la Borsa di Londra a prezzi compresi tra 25,77 £ e 26,25 £, con un prezzo medio ponderato per volume di 26,067 £. Inoltre, 620.000 azioni sono state acquistate su XAMS a prezzi compresi tra 31,35 € e 31,90 €, con una media di 31,7037 €.

Questi acquisti fanno parte del programma di riacquisto di Shell annunciato il 31 ottobre 2024, che continuerà fino al 24 gennaio 2025. Citigroup Global Markets esegue gli scambi in modo indipendente all'interno di parametri predefiniti, inclusi sia transazioni sul mercato che fuori mercato, in conformità con le Regole di quotazione del Regno Unito e le Regolamentazioni sulla manipolazione del mercato.

Shell plc (SHEL) ha anunciado la recompra de acciones realizada el 7 de enero de 2025, como parte de su programa de recompra existente. La compañía compró 850.000 acciones en la Bolsa de Londres a precios entre £25.77 y £26.25, con un precio promedio ponderado de £26.067. Además, se adquirieron 620.000 acciones en XAMS a precios entre €31.35 y €31.90, promediando €31.7037.

Estas compras son parte del programa de recompra de Shell anunciado el 31 de octubre de 2024, que continuará hasta el 24 de enero de 2025. Citigroup Global Markets está ejecutando las operaciones de forma independiente dentro de parámetros preestablecidos, que incluyen transacciones tanto en el mercado como fuera de él, en cumplimiento con las Reglas de Cotización del Reino Unido y las Regulaciones sobre Abuso de Mercado.

Shell plc (SHEL)는 2025년 1월 7일 기존 자사주 매입 프로그램의 일환으로 진행된 주식 매입을 발표했습니다. 이 회사는 런던 증권 거래소에서 850,000주를 25.77파운드에서 26.25파운드 사이의 가격으로 매입했으며, 거래량 가중 평균 가격은 26.067파운드입니다. 또한, XAMS에서 620,000주를 31.35유로에서 31.90유로 사이의 가격으로 매입하여 평균 31.7037유로에 이르렀습니다.

이 매입은 2024년 10월 31일에 발표된 Shell의 자사주 매입 프로그램의 일환이며, 2025년 1월 24일까지 계속될 예정입니다. Citigroup Global Markets는 미리 설정된 매개 변수 내에서 독립적으로 거래를 실행하며, 시장 내 거래와 비시장 거래를 포함하여 영국 상장 규칙 및 시장 남용 규정을 준수합니다.

Shell plc (SHEL) a annoncé des rachats d'actions réalisés le 7 janvier 2025, dans le cadre de son programme de rachat existant. La société a acheté 850 000 actions à la Bourse de Londres à des prix compris entre 25,77 £ et 26,25 £, avec un prix moyen pondéré par le volume de 26,067 £. De plus, 620 000 actions ont été achetées sur XAMS à des prix compris entre 31,35 € et 31,90 €, avec une moyenne de 31,7037 €.

Ces achats font partie du programme de rachat de Shell annoncé le 31 octobre 2024, qui se poursuivra jusqu'au 24 janvier 2025. Citigroup Global Markets exécute les transactions de manière indépendante dans des paramètres prédéfinis, y compris des transactions en marché et hors marché, en conformité avec les règles de cotation du Royaume-Uni et les règlements sur les abus de marché.

Shell plc (SHEL) hat den Rückkauf von Aktien bekannt gegeben, der am 7. Januar 2025 im Rahmen seines bestehenden Rückkaufprogramms durchgeführt wurde. Das Unternehmen hat 850.000 Aktien an der Londoner Börse zu Preisen zwischen 25,77 £ und 26,25 £ gekauft, mit einem volumenweighted Durchschnittspreis von 26,067 £. Darüber hinaus wurden 620.000 Aktien an der XAMS zu Preisen zwischen 31,35 € und 31,90 € erworben, mit einem Durchschnitt von 31,7037 €.

Diese Käufe sind Teil des von Shell am 31. Oktober 2024 angekündigten Rückkaufprogramms, das bis zum 24. Januar 2025 fortgesetzt wird. Citigroup Global Markets führt die Handelsgeschäfte unabhängig innerhalb vorab festgelegter Parameter aus, einschließlich Markt- und Off-Markt-Transaktionen, unter Einhaltung der UK Listing Rules und der Marktmissbrauchsregeln.

Positive
  • Ongoing share buyback program demonstrates strong capital return commitment to shareholders
  • Significant daily purchase volume indicates robust execution of buyback program
  • Multi-exchange repurchase strategy (LSE and XAMS) shows comprehensive market approach
Negative
  • None.

Insights

Shell's latest share buyback execution demonstrates continued commitment to its capital return strategy. The company purchased 850,000 shares on the London Stock Exchange at a volume-weighted average price of £26.0670 and 620,000 shares on Euronext Amsterdam at €31.7037. The total daily buyback value amounts to approximately £41.8 million.

This systematic share repurchase program, part of the broader initiative announced on October 31, 2024, effectively reduces the share count and typically supports earnings per share metrics. The execution prices show a tight trading range, indicating disciplined implementation. The dual-market approach (London and Amsterdam) reflects Shell's Anglo-Dutch heritage and ensures balanced market liquidity.

For retail investors, buybacks typically signal management's confidence in the company's financial position and often provide price support. With Shell's substantial market cap of $197.6 billion, these daily purchases represent a measured approach to capital return while maintaining financial flexibility for core operations.

The execution metrics reveal strategic timing in the buyback implementation. The London purchases were made with a spread of £0.48 between the highest (£26.25) and lowest (£25.77) prices, while Amsterdam trades showed a €0.55 spread (€31.90 to €31.35). This tight range suggests careful execution to minimize market impact.

The absence of trades on alternative venues (Chi-X, BATS, CBOE DXE, TQEX) indicates a focus on primary exchanges where liquidity is deepest. This approach helps maintain price stability and reduces execution costs. The program's predetermined parameters and independent execution by Citigroup Global Markets add a layer of market integrity and compliance with both UK and EU regulations.

Transaction in Own Shares

07 January, 2025

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

Shell plc (the ‘Company’) announces that on 07 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
07/01/2025850,000 £26.2500£25.7700£26.0670LSEGBP
07/01/2025- £0.0000£0.0000£0.0000Chi-X (CXE)GBP
07/01/2025- £0.0000£0.0000£0.0000BATS (BXE)GBP
07/01/2025620,000 €31.9000€31.3500€31.7037XAMSEUR
07/01/2025- €0.0000€0.0000€0.0000CBOE DXEEUR
07/01/2025- €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 7, 2025?

Shell purchased 850,000 shares on the London Stock Exchange and 620,000 shares on XAMS (Amsterdam), totaling 1,470,000 shares on January 7, 2025.

What is the price range of Shell's (SHEL) share buyback on January 7, 2025?

On the London Stock Exchange, shares were purchased between £25.77 and £26.25, while on XAMS, the price range was €31.35 to €31.90.

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

The current share buyback program, announced on October 31, 2024, will continue until January 24, 2025.

Who is executing Shell's (SHEL) share buyback program?

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

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

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