Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announced share repurchases conducted on December 17, 2024, as part of its ongoing buyback program. The company purchased 1,650,000 shares on the London Stock Exchange at prices between £24.0350 and £24.2500, with a volume-weighted average price of £24.1513. Additionally, 1,030,000 shares were bought on XAMS at prices between €29.3350 and €29.6100, averaging €29.4693.

These purchases are part of Shell's share buy-back programme announced on October 31, 2024, managed independently by Citigroup Global Markets until January 24, 2025. The program operates under UK Listing Rules and Market Abuse Regulations, including both on-market and off-market components.

Positive

• Ongoing share buyback program demonstrates strong capital return commitment to shareholders
• Significant daily purchase volume indicates robust execution of buyback program

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback activity shows continued execution of their capital return strategy, with 2.68 million shares purchased across London and Amsterdam exchanges. The average purchase price of £24.15 in London and €29.47 in Amsterdam reflects current market conditions. This systematic approach to share repurchases, part of their program announced in October 2024, demonstrates Shell's commitment to returning value to shareholders. Share buybacks typically support stock price by reducing share count and improving per-share metrics. The execution through Citigroup ensures market compliance and independent trading decisions, which is important for maintaining market integrity. The transaction's timing and volume suggest a well-structured approach to capital allocation, balancing shareholder returns with operational needs.

Transaction in Own Shares

17 December, 2024

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Shell plc (the ‘Company’) announces that on 17 December 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
17/12/2024	1,650,000	£24.2500	£24.0350	£24.1513	LSE	GBP
17/12/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
17/12/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
17/12/2024	1,030,000	€29.6100	€29.3350	€29.4693	XAMS	EUR
17/12/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
17/12/2024	-	€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 17-Dec-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on December 17, 2024?

Shell repurchased 1,650,000 shares on the London Stock Exchange and 1,030,000 shares on XAMS (Amsterdam) on December 17, 2024.

What was the price range for Shell's (SHEL) share buyback on December 17, 2024?

On the London Stock Exchange, shares were purchased between £24.0350 and £24.2500, while on XAMS, the price range was €29.3350 to €29.6100.

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

The current buyback program, managed by Citigroup Global Markets , will continue until January 24, 2025.

When did Shell (SHEL) announce this share buyback program?

Shell announced this share buyback program on October 31, 2024.