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Transaction in Own Shares

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Shell plc announces share repurchases conducted on November 6, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 1,065,000 shares on LSEG at prices between £25.7650 and £26.2350, with a volume-weighted average price of £25.9304. Additionally, 688,000 shares were purchased on XAMS at prices between €31.2350 and €31.7850, averaging €31.4428. The programme, managed independently by Citigroup Global Markets , will continue until January 24, 2025, operating under UK and EU market regulations.

Shell plc annuncia riacquisti di azioni effettuati il 6 novembre 2024, nell'ambito del programma di buyback annunciato il 31 ottobre 2024. L'azienda ha acquistato 1.065.000 azioni su LSEG a prezzi compresi tra £25.7650 e £26.2350, con un prezzo medio ponderato di £25.9304. Inoltre, sono state acquistate 688.000 azioni su XAMS a prezzi tra €31.2350 e €31.7850, con una media di €31.4428. Il programma, gestito in modo indipendente da Citigroup Global Markets, continuerà fino al 24 gennaio 2025, operando in conformità con le normative di mercato del Regno Unito e dell'UE.

Shell plc anuncia la recompra de acciones realizada el 6 de noviembre de 2024, como parte de su programa de recompra anunciado el 31 de octubre de 2024. La empresa compró 1.065.000 acciones en LSEG a precios entre £25.7650 y £26.2350, con un precio medio ponderado de £25.9304. Además, se adquirieron 688.000 acciones en XAMS a precios que oscilan entre €31.2350 y €31.7850, promediando €31.4428. El programa, gestionado de forma independiente por Citigroup Global Markets, continuará hasta el 24 de enero de 2025, operando bajo las regulaciones del mercado del Reino Unido y de la UE.

Shell plc는 2024년 11월 6일에 실시한 주식 매입을 발표하며, 이는 2024년 10월 31일에 발표한 자사주 매입 프로그램의 일환입니다. 회사는 LSEG에서 1,065,000주를 £25.7650에서 £26.2350 사이의 가격으로 구매하였으며, 가중 평균 가격은 £25.9304입니다. 또한, XAMS에서는 688,000주가 €31.2350에서 €31.7850 사이의 가격으로 구매되었으며, 평균 가격은 €31.4428입니다. 이 프로그램은 Citigroup Global Markets에 의해 독립적으로 관리되며, 2025년 1월 24일까지 계속되며, 영국 및 EU 시장 규정에 따라 운영됩니다.

Shell plc annonce des rachats d'actions effectués le 6 novembre 2024, dans le cadre de son programme de rachat annoncé le 31 octobre 2024. La société a acheté 1.065.000 actions sur LSEG à des prix compris entre £25.7650 et £26.2350, avec un prix moyen pondéré de £25.9304. De plus, 688.000 actions ont été achetées sur XAMS à des prix compris entre €31.2350 et €31.7850, avec une moyenne de €31.4428. Le programme, géré de manière indépendante par Citigroup Global Markets, se poursuivra jusqu'au 24 janvier 2025, en conformité avec les réglementations des marchés du Royaume-Uni et de l'UE.

Shell plc kündigt Aktienrückkäufe an, die am 6. November 2024 durchgeführt wurden, im Rahmen des Rückkaufprogramms, das am 31. Oktober 2024 angekündigt wurde. Das Unternehmen erwarb 1.065.000 Aktien an der LSEG zu Preisen zwischen £25.7650 und £26.2350, mit einem volumengewichteten Durchschnittspreis von £25.9304. Darüber hinaus wurden 688.000 Aktien an der XAMS zu Preisen zwischen €31.2350 und €31.7850 gekauft, mit einem Durchschnittspreis von €31.4428. Das Programm, das unabhängig von Citigroup Global Markets verwaltet wird, wird bis zum 24. Januar 2025 fortgesetzt und funktioniert nach den Vorschriften der Märkte im Vereinigten Königreich und der EU.

Positive
  • Ongoing share buyback program demonstrates strong capital return policy to shareholders
  • Significant volume of shares purchased (1,753,000 total) indicates substantial commitment to the buyback program
Negative
  • None.

Insights

Shell's latest share buyback activity shows significant capital return commitment, with 1,065,000 shares purchased on the London Stock Exchange at a volume-weighted average price of £25.93, plus an additional 688,000 shares on Euronext Amsterdam at €31.44. This is part of their renewed buyback program announced on October 31, 2024, demonstrating continued strong cash flow generation and shareholder return focus.

The dual-market execution strategy (LSE and Euronext) optimizes liquidity and price efficiency. The volume-weighted average pricing indicates disciplined execution, with tight spreads between highest and lowest prices paid. This systematic approach to capital return supports share price stability while reducing share count, potentially boosting per-share metrics.

Transaction in Own Shares

06 November, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 06 November 2024 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchaseNumber of Shares purchasedHighest price paid

 
Lowest price paid

 
Volume weighted average price paid per shareVenueCurrency
06/11/20241,065,000 £26.2350£25.7650£25.9304LSEGBP
06/11/2024- £0.0000£0.0000£0.0000Chi-X (CXE)
GBP
06/11/2024- £0.0000£0.0000£0.0000BATS (BXE)
GBP
06/11/2024688,000 €31.7850€31.2350€31.4428XAMSEUR
06/11/2024- €0.0000€0.0000€0.0000CBOE DXEEUR
06/11/2024- €0.0000€0.0000€0.0000TQEXEUR

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


FAQ

How many shares did Shell (SHEL) purchase on November 6, 2024?

Shell purchased 1,065,000 shares on LSEG and 688,000 shares on XAMS, totaling 1,753,000 shares on November 6, 2024.

What was the price range for Shell's (SHEL) share purchases on LSEG on November 6, 2024?

Shell purchased shares on LSEG at prices ranging from £25.7650 to £26.2350, with a volume-weighted average price of £25.9304.

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

The current share buyback programme will continue until January 24, 2025.

Shell plc American Depositary Shares (Each represents two Ordinary shares)

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