Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announced on 08 October 2024 that it purchased 1,000,000 shares on the London Stock Exchange at a volume weighted average price of £25.9778 per share, and 935,000 shares on Euronext Amsterdam at a volume weighted average price of €31.2828 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 from 1 August 2024 to 25 October 2024. It includes both on-market and off-market limbs, conducted in accordance with UK and EU market abuse regulations and the UK Listing Rules.

Positive

• Shell is actively implementing its share buy-back programme, potentially increasing shareholder value
• The company is repurchasing shares on multiple exchanges, demonstrating global market presence

Negative

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

Insights

Financial Analyst

Shell plc's recent share repurchase of 1,000,000 shares on the London Stock Exchange and 935,000 shares on Euronext Amsterdam is part of its ongoing buyback program announced on August 1, 2024. The company paid an average of £25.9778 per share in London and €31.2828 per share in Amsterdam. This action demonstrates Shell's commitment to returning value to shareholders and optimizing its capital structure. Share buybacks can potentially increase earnings per share and stock price by reducing the number of outstanding shares. However, investors should note that this uses cash that could be invested in growth opportunities or used to strengthen the balance sheet. The relatively large volume of shares repurchased in a single day (0.05% of market cap) suggests Shell is aggressively executing its buyback program, which could be viewed positively by the market as a sign of confidence in the company's financial position and future prospects.

Transaction in Own Shares

08 October, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 08 October 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
08/10/2024	1,000,000	£26.3350	£25.7200	£25.9778	LSE	GBP
08/10/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
08/10/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
08/10/2024	935,000	€31.6800	€30.9900	€31.2828	XAMS	EUR
08/10/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
08/10/2024	-	€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 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 08-Oct-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on October 8, 2024?

Shell (SHEL) repurchased a total of 1,935,000 shares on October 8, 2024, with 1,000,000 shares on the London Stock Exchange and 935,000 shares on Euronext Amsterdam.

What was the average price paid per share for Shell's (SHEL) stock repurchase on October 8, 2024?

On October 8, 2024, Shell (SHEL) paid a volume weighted average price of £25.9778 per share on the London Stock Exchange and €31.2828 per share 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.

Who is managing Shell's (SHEL) share buy-back programme?

Citigroup Global Markets is independently managing the trading decisions for Shell's (SHEL) share buy-back programme.