Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announced the repurchase of 910,996 shares on the London Stock Exchange at a volume-weighted average price of £25.6057 on September 17, 2024. Additionally, 912,920 shares were bought on Euronext Amsterdam at an average price of €30.6424. These purchases are part of Shell's ongoing share buy-back programme announced on August 1, 2024, which includes both on-market and off-market transactions. Citigroup Global Markets is managing the trading decisions independently until October 25, 2024. The programme adheres to regulatory guidelines, including EU and UK Market Abuse Regulations.

Positive

• Continued execution of share buyback program, potentially increasing shareholder value
• Significant volume of shares repurchased: 910,996 on LSE and 912,920 on Euronext Amsterdam
• Independent management of trading decisions by Citigroup Global Markets , ensuring compliance with regulations

Negative

• Substantial cash outflow for share repurchases, potentially impacting available funds for other investments or operations

Transaction in Own Shares

17 September, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 17 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
17/09/2024	910,996	£25.7150	£25.5050	£25.6057	LSE	GBP
17/09/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
17/09/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
17/09/2024	912,920	€30.7950	€30.5400	€30.6424	XAMS	EUR
17/09/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
17/09/2024	-	€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 17-Sep-24 - complete

FAQ

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

Shell (SHEL) repurchased 910,996 shares on the London Stock Exchange and 912,920 shares on Euronext Amsterdam on September 17, 2024.

What was the average price paid for Shell (SHEL) shares in the latest buyback?

The volume-weighted average price paid for Shell (SHEL) shares was £25.6057 on the London Stock Exchange and €30.6424 on Euronext Amsterdam.

When was Shell's (SHEL) current share buy-back programme announced?

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

Who is managing the trading decisions for Shell's (SHEL) share buyback program?

Citigroup Global Markets is making trading decisions for Shell's (SHEL) share buyback program independently of the company.