Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) has announced its latest share buyback activity on January 16, 2025, as part of its ongoing share repurchase programme announced on October 31, 2024. The company purchased 1,058,500 shares on the London Stock Exchange at prices ranging from £26.82 to £27.12, with a volume-weighted average price of £26.948. Additionally, 695,500 shares were purchased on XAMS at prices between €32.085 and €32.39, averaging €32.211.

The buyback program is being executed by Citigroup Global Markets , which will make independent trading decisions until January 24, 2025. The program includes both on-market and off-market components, operating under UK Listing Rules, EU MAR, and UK MAR regulations.

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 commitment to their £27.1 billion share repurchase program announced in October 2024. Today's transactions include 1,058,500 shares on the London Stock Exchange at prices between £26.82 and £27.12, plus 695,500 shares on Euronext Amsterdam at €32.09-32.39. The volume-weighted average prices of £26.948 and €32.211 reflect current market conditions.

This systematic buyback approach demonstrates Shell's robust capital allocation strategy and strong cash position. The program's execution through Citigroup ensures market compliance and price efficiency. The dual-market purchases (LSE and Euronext) optimize liquidity and price discovery while supporting the stock's value across key European trading venues. The pre-set parameters and independent execution structure help maintain market integrity and prevent price manipulation.

For investors, these buybacks effectively reduce the share count, potentially increasing earnings per share and supporting stock price stability. The consistent implementation signals management's confidence in Shell's financial health and commitment to returning capital to shareholders alongside their dividend policy.

Transaction in Own Shares

16 January, 2025

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Shell plc (the ‘Company’) announces that on 16 January 2025 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
16/01/2025	1,058,500	£27.1200	£26.8200	£26.9480	LSE	GBP
16/01/2025	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
16/01/2025	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
16/01/2025	695,500	€32.3900	€32.0850	€32.2110	XAMS	EUR
16/01/2025	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
16/01/2025	-	€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 16-Jan-25 - complete

FAQ

How many shares did Shell (SHEL) purchase on January 16, 2025?

Shell purchased 1,058,500 shares on the London Stock Exchange and 695,500 shares on XAMS (Amsterdam) on January 16, 2025.

What was the price range for Shell's (SHEL) share buyback on January 16, 2025?

On the London Stock Exchange, shares were purchased between £26.82 and £27.12, while on XAMS, the price range was €32.085 to €32.39.

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.

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

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