Transaction in Own Shares

Rhea-AI Summary

Shell plc announces share repurchases conducted on November 28, 2024, as part of its previously announced buyback programme. The company purchased 999,400 shares on LSEG at prices between £25.2450 and £25.4100, with a volume-weighted average price of £25.3022. Additionally, 776,700 shares were purchased on XAMS at prices between €30.5700 and €30.7700, averaging €30.6521. These purchases are part of the programme announced on October 31, 2024, managed independently by Citigroup Global Markets until January 24, 2025.

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 execution of their capital return program announced on October 31st. The company purchased 999,400 shares on the London Stock Exchange at a volume-weighted average price of £25.30 and 776,700 shares on Euronext Amsterdam at €30.65. This systematic approach to share repurchases demonstrates Shell's commitment to returning excess capital to shareholders, which typically supports share price stability and earnings per share growth through reduced share count. The timing and execution through Citigroup Global Markets , operating independently within preset parameters, helps ensure market compliance and optimal pricing. This is part of a broader buyback program running through January 24, 2025, reflecting Shell's strong cash position and confidence in their business outlook.

Transaction in Own Shares

28 November, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 28 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
28/11/2024	999,400	£25.4100	£25.2450	£25.3022	LSE	GBP
28/11/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
28/11/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
28/11/2024	776,700	€30.7700	€30.5700	€30.6521	XAMS	EUR
28/11/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
28/11/2024	-	€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 28-Nov-24 - complete

FAQ

How many shares did Shell (SHEL) buy back on November 28, 2024?

Shell purchased 999,400 shares on LSEG and 776,700 shares on XAMS, totaling 1,776,100 shares on November 28, 2024.

What was the price range for Shell's (SHEL) share buyback on November 28, 2024?

On LSEG, shares were purchased between £25.2450 and £25.4100, while on XAMS, the price range was €30.5700 to €30.7700.

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.