Transaction in Own Shares

Rhea-AI Summary

Shell plc announces share repurchases conducted on November 15, 2024, as part of its buyback programme. The company purchased 1,647,100 shares on LSEG at prices between £25.2500-£25.7400, 100,000 shares on BATS at £25.2800-£25.7400, and 1,130,000 shares on XAMS at €30.6700-€31.2300. These purchases are part of the programme announced on October 31, 2024, managed independently by Citigroup Global Markets until January 24, 2025, following UK Listing Rules and Market Abuse Regulations.

Positive

• Ongoing share buyback program demonstrates strong capital return policy to shareholders
• Substantial volume of shares purchased across multiple exchanges indicates strong execution of buyback strategy

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback activity shows significant market engagement with 2,877,100 shares purchased across multiple venues. The weighted average prices of £25.5991 on LSEG and €31.0514 on XAMS represent a substantial capital deployment. This buyback, part of the program announced on October 31, demonstrates Shell's continued commitment to returning value to shareholders and confidence in their financial position.

The execution through Citigroup, running until January 24, 2025, ensures market compliance and independent trading decisions. The dual-currency purchases across different venues optimize liquidity access and price efficiency. With Shell's robust market cap of $202.4B, this buyback reflects strong capital management while maintaining operational flexibility.

Transaction in Own Shares

15 November, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 15 November 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
15/11/2024	1,647,100	£25.7400	£25.2500	£25.5991	LSE	GBP
15/11/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
15/11/2024	100,000	£25.7400	£25.2800	£25.5960	BATS (BXE)	GBP
15/11/2024	1,130,000	€31.2300	€30.6700	€31.0514	XAMS	EUR
15/11/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
15/11/2024	-	€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 15-Nov-24 - complete

FAQ

How many shares did Shell (SHEL) buy back on November 15, 2024?

Shell purchased 1,647,100 shares on LSEG, 100,000 shares on BATS, and 1,130,000 shares on XAMS on November 15, 2024.

What was the price range for Shell's (SHEL) share buyback on November 15, 2024?

On LSEG and BATS, shares were purchased between £25.25 and £25.74, while on XAMS, shares were bought between €30.67 and €31.23.

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.