Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announces the purchase of 630,000 shares on the London Stock Exchange and 540,000 shares on Euronext Amsterdam on October 7, 2024, as part of its existing share buy-back programme. The highest price paid was £26.4150 in London and €31.7900 in Amsterdam, with volume-weighted average prices of £26.1905 and €31.5389 respectively.

This share repurchase is part of Shell's on- and off-market buy-back programme announced on August 1, 2024. Citigroup Global Markets is making independent trading decisions for the programme, which will run until October 25, 2024. The buy-back adheres to UK Listing Rules, EU and UK Market Abuse Regulations, and related delegated regulations.

Positive

• Shell is actively implementing its share buy-back programme, demonstrating confidence in its financial position
• The company purchased a significant number of shares: 630,000 on LSE and 540,000 on Euronext Amsterdam

Negative

• None.

Insights

Financial Analyst

Shell's share repurchase program continues with the company buying back 630,000 shares on the London Stock Exchange at a volume-weighted average price of £26.1905 and 540,000 shares on Euronext Amsterdam at €31.5389. This is part of Shell's ongoing strategy to return value to shareholders and optimize its capital structure.

The buyback demonstrates Shell's strong cash position and confidence in its future prospects. It's a positive signal for investors, as it typically increases earnings per share and can support the stock price. However, it's important to note that this reduces the company's cash reserves, which could impact its flexibility for future investments or weathering market downturns.

The program's execution by Citigroup Global Markets , independent of Shell's direct control, ensures compliance with market regulations and adds credibility to the process. This transparency and adherence to regulatory standards (UK Listing Rules, EU MAR, UK MAR) should be viewed favorably by investors and regulators alike.

Transaction in Own Shares

07 October, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 07 October 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
07/10/2024	630,000	£26.4150	£25.8100	£26.1905	LSE	GBP
07/10/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
07/10/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
07/10/2024	540,000	€31.7900	€31.2150	€31.5389	XAMS	EUR
07/10/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
07/10/2024	-	€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 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 07-Oct-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on October 7, 2024?

Shell (SHEL) repurchased 630,000 shares on the London Stock Exchange and 540,000 shares on Euronext Amsterdam on October 7, 2024.

What was the highest price paid for Shell (SHEL) shares during the October 7, 2024 buyback?

The highest price paid for Shell (SHEL) shares was £26.4150 on the London Stock Exchange and €31.7900 on Euronext Amsterdam.

When did Shell (SHEL) announce its current share buy-back programme?

Shell (SHEL) announced its current share buy-back programme on August 1, 2024.

Until what date will Citigroup Global Markets make trading decisions for Shell's (SHEL) buy-back programme?

Citigroup Global Markets will make trading decisions for Shell's (SHEL) buy-back programme until October 25, 2024.