Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) has announced share repurchases conducted on December 9, 2024, as part of its previously announced buyback programme. The company purchased 782,347 shares on LSEG at prices between £24.8650 and £25.4900, with a volume-weighted average price of £25.1563. Additionally, 453,033 shares were purchased on XAMS at prices between €30.2350 and €31.0100, with a volume-weighted average price of €30.6839.

The purchases are part of Shell's share buy-back programme announced on October 31, 2024, which will continue until January 24, 2025. Citigroup Global Markets is executing the trades independently within pre-set parameters, in accordance with UK Listing Rules and Market Abuse Regulations.

Positive

• Ongoing share buyback program demonstrates strong capital return to shareholders
• Substantial share repurchases across multiple exchanges showing commitment to the buyback program

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback activity shows significant capital deployment with 782,347 shares purchased on the London Stock Exchange at a VWAP of £25.1563 and 453,033 shares on Euronext Amsterdam at €30.6839. This continuation of their previously announced buyback program demonstrates strong commitment to shareholder returns. The timing and execution strategy, delegated to Citigroup Global Markets , suggests a disciplined approach to capital allocation. The purchase prices indicate a strategic accumulation within a tight range, with London trades between £24.8650 and £25.4900, reflecting current market conditions. This buyback activity, part of a broader program running until January 2025, supports Shell's ongoing efforts to optimize capital structure and enhance shareholder value through reduced share count.

Transaction in Own Shares

09 December, 2024

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Shell plc (the ‘Company’) announces that on 09 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
09/12/2024	782,347	£25.4900	£24.8650	£25.1563	LSE	GBP
09/12/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
09/12/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
09/12/2024	453,033	€31.0100	€30.2350	€30.6839	XAMS	EUR
09/12/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
09/12/2024	-	€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 09-Dec-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on December 9, 2024?

Shell (SHEL) repurchased 782,347 shares on LSEG and 453,033 shares on XAMS, totaling 1,235,380 shares on December 9, 2024.

What was the price range for Shell's (SHEL) share buyback on December 9, 2024?

On LSEG, Shell's shares were purchased between £24.8650 and £25.4900, while on XAMS, the price range was €30.2350 to €31.0100.

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

Shell's current share buyback program, announced on October 31, 2024, will continue until January 24, 2025.