Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announced on 12 September 2024 the purchase of 867,504 shares on the London Stock Exchange at a volume-weighted average price of £25.2714 per share, and 846,295 shares on Euronext Amsterdam at €30.2120 per share. These purchases are part of the company's existing share buy-back programme announced on 1 August 2024. The programme, managed independently by Citigroup Global Markets , will run until 25 October 2024. It includes both on-market and off-market limbs, conducted in accordance with pre-set parameters and regulatory guidelines, including Chapter 12 of the Listing Rules, EU MAR, UK MAR, and the Commission Delegated Regulation (EU) 2016/1052.

Positive

• Shell is actively conducting a share buyback program, potentially increasing shareholder value
• The company has sufficient cash flow to fund share repurchases

Negative

• Significant cash outflow for share repurchases may reduce funds available for other investments or operations

Transaction in Own Shares

12 September, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 12 September 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
12/09/2024	867,504	£25.5400	£25.1100	£25.2714	LSE	GBP
12/09/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
12/09/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
12/09/2024	846,295	€30.5550	€29.9750	€30.2120	XAMS	EUR
12/09/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
12/09/2024	-	€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 1 August 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 1 August 2024 up to and including 25 October 2024.

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 12 of the 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 12-Sep-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on September 12, 2024?

Shell (SHEL) repurchased a total of 1,713,799 shares on September 12, 2024, consisting of 867,504 shares on the London Stock Exchange and 846,295 shares on Euronext Amsterdam.

What was the average price paid per share for Shell's (SHEL) stock repurchase on September 12, 2024?

The volume-weighted average price paid per share was £25.2714 on the London Stock Exchange and €30.2120 on Euronext Amsterdam.

When did Shell (SHEL) announce its current share buy-back programme?

Shell (SHEL) announced its current share buy-back programme on August 1, 2024.

Until what date is Shell's (SHEL) current share buy-back programme scheduled to run?

Shell's (SHEL) current share buy-back programme is scheduled to run until October 25, 2024.