Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) has announced its latest share buyback activity on December 12, 2024. The company purchased 1,020,000 shares on the London Stock Exchange at prices ranging from £25.0000 to £25.2250, with a volume-weighted average price of £25.1038. Additionally, 725,000 shares were purchased on XAMS at prices between €30.5250 and €30.8850, averaging €30.7007.

These purchases are part of Shell's share buy-back programme announced on October 31, 2024. Citigroup Global Markets is managing the trading decisions independently until January 24, 2025, operating within pre-set parameters for both on-market and off-market transactions.

Positive

• Ongoing share buyback program demonstrates strong capital return commitment to shareholders
• Substantial share repurchase volume of 1.745 million shares across exchanges

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback update shows continued execution of their $3.5 billion Q4 2024 program, with purchases of 1.02M shares on LSE at an average price of £25.10 and 725K shares on XAMS at €30.70. This systematic capital return demonstrates strong cash flow generation and commitment to shareholder returns. The buyback, managed independently by Citigroup, operates within pre-set parameters until January 24, 2025. Share repurchases typically support stock price by reducing share count and increasing EPS. The steady execution at current price levels suggests management views the stock as undervalued, considering Shell's robust operational performance and energy market fundamentals.

Transaction in Own Shares

12 December, 2024

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Shell plc (the ‘Company’) announces that on 12 December 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
12/12/2024	1,020,000	£25.2250	£25.0000	£25.1038	LSE	GBP
12/12/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
12/12/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
12/12/2024	725,000	€30.8850	€30.5250	€30.7007	XAMS	EUR
12/12/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
12/12/2024	-	€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 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 12-Dec-24 - complete

FAQ

How many shares did Shell (SHEL) buy back on December 12, 2024?

Shell purchased a total of 1,745,000 shares on December 12, 2024, comprising 1,020,000 shares on LSE and 725,000 shares on XAMS.

What is the price range for Shell's (SHEL) share buyback on December 12, 2024?

On LSE, shares were purchased between £25.0000 and £25.2250, while on XAMS, the price range was €30.5250 to €30.8850.

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

The current buyback program, managed by Citigroup Global Markets , will continue until January 24, 2025.

When did Shell (SHEL) announce this buyback program?

Shell announced this share buy-back programme on October 31, 2024.