Transaction in Own Shares

Rhea-AI Summary

Shell plc announced share repurchases conducted on November 7, 2024, as part of its buyback programme. The company purchased 1,034,291 shares on LSEG at prices between £26.0050 and £26.2900, with a volume-weighted average price of £26.1342. Additionally, 676,000 shares were bought on XAMS at prices between €31.5650 and €31.8900, averaging €31.7236. These purchases are part of the company's share buy-back programme announced on October 31, 2024, which will run until January 24, 2025, managed independently by Citigroup Global Markets

Positive

• Ongoing share buyback program demonstrates strong capital return policy to shareholders
• Company maintains financial flexibility to execute share repurchases across multiple exchanges

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback activity shows continued commitment to their capital return program, with 1,034,291 shares purchased on the London Stock Exchange at a volume-weighted average price of £26.13 and 676,000 shares on Euronext Amsterdam at €31.72. This is part of their previously announced buyback program from October 31st, managed independently by Citigroup through January 24th, 2025. The systematic execution across multiple venues demonstrates careful price management and liquidity consideration. While buybacks generally signal management's confidence in the company's value and support share price stability, the daily transaction volume represents a relatively small portion of Shell's market cap, making this a routine capital management activity rather than a market-moving event.

Transaction in Own Shares

07 November, 2024

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Shell plc (the ‘Company’) announces that on 07 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
07/11/2024	1,034,291	£26.2900	£26.0050	£26.1342	LSE	GBP
07/11/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
07/11/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
07/11/2024	676,000	€31.8900	€31.5650	€31.7236	XAMS	EUR
07/11/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
07/11/2024	-	€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 07-Nov-24 - complete

FAQ

How many shares did Shell (SHEL) purchase on November 7, 2024?

Shell purchased 1,034,291 shares on LSEG and 676,000 shares on XAMS, totaling 1,710,291 shares on November 7, 2024.

What was the price range for Shell's (SHEL) share purchases on LSEG on November 7, 2024?

Shell purchased shares on LSEG at prices ranging from £26.0050 to £26.2900, with a volume-weighted average price of £26.1342.

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

Shell's current share buyback programme, announced on October 31, 2024, will run until January 24, 2025.