Transaction in Own Shares

Rhea-AI Summary

Shell plc announces share repurchases conducted on November 13, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 75,000 shares on LSEG at prices between £25.0400 and £25.3450, with a volume-weighted average price of £25.1787. Additionally, 48,000 shares were purchased on XAMS at prices between €30.4150 and €30.8250, with a volume-weighted average price of €30.6077. Citigroup Global Markets is executing the trades independently until January 24, 2025, following pre-set parameters and market regulations.

Positive

• Ongoing share buyback program demonstrates strong capital return policy to shareholders

Negative

• None.

Insights

Financial Analyst

Shell's latest share buyback activity shows continued execution of their capital return program, with 75,000 shares purchased on the London Stock Exchange at a volume-weighted average price of £25.1787 and 48,000 shares on Euronext Amsterdam at €30.6077. This is part of their previously announced buyback program from October 31, which will run through January 24, 2025.

The systematic approach to share repurchases demonstrates Shell's strong capital position and commitment to shareholder returns. With a market cap over $205 billion, these daily purchases represent a measured approach to capital deployment. The dual-listing buyback structure (LSE and Euronext) helps maintain balanced market liquidity while supporting share price stability across both major trading venues.

The execution through Citigroup with pre-set parameters provides transparency and compliance with market regulations, while the independent trading decisions help ensure market efficiency and price discovery.

Transaction in Own Shares

13 November, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 13 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
13/11/2024	75,000	£25.3450	£25.0400	£25.1787	LSE	GBP
13/11/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
13/11/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
13/11/2024	48,000	€30.8250	€30.4150	€30.6077	XAMS	EUR
13/11/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
13/11/2024	-	€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 13-Nov-24 - complete

FAQ

How many shares did Shell (SHEL) purchase on November 13, 2024?

Shell purchased 75,000 shares on LSEG and 48,000 shares on XAMS, totaling 123,000 shares on November 13, 2024.

What was the price range for Shell's (SHEL) share purchases on LSEG on November 13, 2024?

On LSEG, Shell purchased shares between £25.0400 (lowest) and £25.3450 (highest), with a volume-weighted average price of £25.1787.

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

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