SHELL PLC Stock Price, News & Analysis

Shell International Finance B.V. and Shell plc have published a Prospectus Supplement dated 20 September 2024. The supplement is to be read in conjunction with the Information Memorandum dated 8 November 2023, as supplemented by the first supplement dated 6 February 2024, relating to the Programme. The Information Memorandum constitutes a base prospectus for regulatory purposes.

The announcement provides links to view several key documents, including:

• Shell plc's unaudited condensed consolidated interim financial report (30 June 2024)
• Shell plc's Annual Report and Form 20-F (31 December 2023)
• Shell International Finance B.V.'s unaudited condensed non-consolidated interim financial report (30 June 2024)
• Shell International Finance B.V.'s Annual Report (31 December 2023)

These documents will be available for inspection at the UK's National Storage Mechanism. The Information Memorandum is not intended for U.S. persons or persons in the United States.

Shell plc announces the purchase of 710,831 shares on the London Stock Exchange and 585,684 shares on Euronext Amsterdam on September 19, 2024, as part of its existing share buy-back programme. The highest price paid was £26.0050 on LSE and €31.1900 on Euronext Amsterdam. This programme, announced on August 1, 2024, includes both on-market and off-market share repurchases. Citigroup Global Markets is making independent trading decisions for the programme, which will run until October 25, 2024. The buy-back is conducted in accordance with relevant regulations, including EU MAR, UK MAR, and the Commission Delegated Regulation (EU) 2016/1052.

Shell plc announced early participation results for its ongoing Exchange Offers and an increase in the maximum amount of old notes that can be accepted.

By September 18, 2024, the aggregate principal amount of old notes tendered was $14.32 billion, surpassing the initial $10 billion limit, prompting Shell to raise this limit to $12 billion. This exchange aims to optimize the company's capital structure and align indebtedness with its U.S. operations.

Shell is also offering an Early Participation Premium to all holders who tender their notes by October 3, 2024. The new notes will be issued on October 8, 2024, contingent upon SEC approval of the registration statement.

The offers are managed by Deutsche Bank Securities, Goldman Sachs, and Wells Fargo Securities, with D.F. King & Co. acting as the exchange agent and information agent.

Shell plc (SHEL) announced the repurchase of 910,996 shares on the London Stock Exchange at a volume-weighted average price of £25.6057 on September 17, 2024. Additionally, 912,920 shares were bought on Euronext Amsterdam at an average price of €30.6424. These purchases are part of Shell's ongoing share buy-back programme announced on August 1, 2024, which includes both on-market and off-market transactions. Citigroup Global Markets is managing the trading decisions independently until October 25, 2024. The programme adheres to regulatory guidelines, including EU and UK Market Abuse Regulations.

Shell plc (SHEL) announced on 12 September 2024 the purchase of 867,504 shares on the London Stock Exchange at a volume-weighted average price of £25.2714 per share, and 846,295 shares on Euronext Amsterdam at €30.2120 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 until 25 October 2024. It includes both on-market and off-market limbs, conducted in accordance with pre-set parameters and regulatory guidelines, including Chapter 12 of the Listing Rules, EU MAR, UK MAR, and the Commission Delegated Regulation (EU) 2016/1052.

Shell plc (SHEL) announced the repurchase of 1,705,873 shares on September 10, 2024, as part of its ongoing share buy-back programme. The company bought 865,088 shares on the London Stock Exchange at prices ranging from £25.0250 to £25.5300, with a volume-weighted average price of £25.3126. Additionally, 840,785 shares were purchased on Euronext Amsterdam at prices between €29.9450 and €30.6000, with a volume-weighted average price of €30.3194.

This share repurchase is part of Shell's previously announced buy-back programme from August 1, 2024. Citigroup Global Markets is managing the trading decisions independently until October 25, 2024. The programme adheres to regulatory guidelines, including EU and UK Market Abuse Regulations.

Shell plc has announced the pounds sterling and euro equivalent dividend payments for the second quarter 2024 interim dividend. The dividend, initially announced at US$0.344 per ordinary share, will be paid as follows:

- US$0.344 for those who elected US dollars
- €0.3102 for those who elected euros
- 26.15p for those who elected pounds sterling

The dividend will be payable on September 23, 2024 to shareholders on the Register of Members as of August 16, 2024. Currency conversions were based on market exchange rates from September 4 to September 6, 2024.

Shell plc (SHEL) has announced its latest share buyback activity on September 5, 2024, as part of its ongoing share repurchase program. The company bought back 842,339 shares on the London Stock Exchange at prices ranging from £25.7350 to £25.9000, with a volume-weighted average price of £25.8344. Additionally, 822,036 shares were purchased on the Amsterdam exchange at prices between €30.8650 and €31.0550, averaging €30.9835 per share.

This share buyback is part of Shell's previously announced program from August 1, 2024. Citigroup Global Markets is managing the trading decisions independently until October 25, 2024. The buyback adheres to pre-set parameters and complies with relevant regulations, including EU and UK Market Abuse Regulations.

Shell plc (NYSE: SHEL) has announced exchange offers for up to $10 billion of notes issued by Shell International Finance B.V. The offers cover 12 series of notes, to be exchanged for new notes issued by Shell Finance US Inc. and guaranteed by Shell plc. The new notes will have the same interest rates, maturity dates, and other key terms as the old notes.

Key points:

• Exchange offers aim to optimize Shell's capital structure and align debt with U.S. business
• Maximum aggregate principal amount: $10 billion
• Early participation deadline: September 18, 2024
• Expiration date: October 3, 2024
• Settlement expected on October 8, 2024

The exchange offers are subject to conditions, including SEC effectiveness of the registration statement. This announcement is not an offer to sell or solicitation of an offer to buy securities.