Transaction in Own Shares

Rhea-AI Summary

Shell plc has announced share repurchases conducted on November 4, 2024, as part of its buyback programme. The company purchased 1,200,000 shares on LSEG at prices between £25.9650 and £26.1850, with a volume-weighted average price of £26.0547. Additionally, 667,500 shares were purchased on XAMS at prices between €31.2100 and €31.4600, averaging €31.3259. 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 commitment 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 significant capital deployment, with the company purchasing 1,200,000 shares on the London Stock Exchange at a volume-weighted average price of £26.0547 and 667,500 shares on Euronext Amsterdam at €31.3259. This represents a substantial daily investment of approximately £52 million, demonstrating strong commitment to their shareholder return program announced on October 31st.

The execution through Citigroup Global Markets until January 24, 2025, provides market stability and compliance with regulatory requirements. The dual-market approach (LSE and Euronext) optimizes liquidity and pricing efficiency. The average purchase prices indicate disciplined execution near market prices, suggesting effective cost management in the buyback implementation.

Transaction in Own Shares

04 November, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 04 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
04/11/2024	1,200,000	£26.1850	£25.9650	£26.0547	LSE	GBP
04/11/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
04/11/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
04/11/2024	667,500	€31.4600	€31.2100	€31.3259	XAMS	EUR
04/11/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
04/11/2024	-	€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 04-Nov-24 - complete

FAQ

How many shares did Shell (SHEL) purchase on November 4, 2024?

Shell purchased 1,200,000 shares on LSEG and 667,500 shares on XAMS, totaling 1,867,500 shares on November 4, 2024.

What was the price range for Shell's (SHEL) share purchases on LSEG on November 4, 2024?

Shell purchased shares on LSEG at prices ranging from £25.9650 to £26.1850, with a volume-weighted average price of £26.0547.

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

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