Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announces share repurchases conducted on November 21, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 910,000 shares on LSEG at prices between £25.5350 and £26.0050, with a volume-weighted average price of £25.8102. Additionally, 640,000 shares were purchased on XAMS at prices between €30.9500 and €31.5350, with a volume-weighted average price of €31.2976. The buyback program, managed independently by Citigroup Global Markets , will continue until January 24, 2025.

Positive

• Ongoing share buyback program demonstrates strong capital return commitment to shareholders
• Substantial share repurchase volume indicates robust capital allocation strategy

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback activity shows significant capital deployment, with 910,000 shares purchased on the London Stock Exchange at an average price of £25.81 and 640,000 shares on Euronext Amsterdam at €31.30. This strategic repurchase, part of the program announced on October 31, demonstrates strong financial positioning and commitment to shareholder returns.

The dual-market execution (LSE and Euronext) optimizes liquidity and pricing efficiency. The volume-weighted average prices indicate disciplined execution, staying within a tight range of 1.8% between high and low prices. This systematic approach to capital return supports share price stability while potentially reducing share count by approximately 0.04% in a single day.

Transaction in Own Shares

21 November, 2024

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Shell plc (the ‘Company’) announces that on 21 November 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
21/11/2024	910,000	£26.0050	£25.5350	£25.8102	LSE	GBP
21/11/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
21/11/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
21/11/2024	640,000	€31.5350	€30.9500	€31.2976	XAMS	EUR
21/11/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
21/11/2024	-	€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 21-Nov-24 - complete

FAQ

How many shares did Shell (SHEL) purchase on November 21, 2024?

Shell purchased 910,000 shares on LSEG and 640,000 shares on XAMS on November 21, 2024.

What was the price range for Shell's (SHEL) share purchases on November 21, 2024?

On LSEG, shares were purchased between £25.5350 and £26.0050, and on XAMS between €30.9500 and €31.5350.

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

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