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Transaction in Own Shares

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On May 21, 2024, Shell announced the repurchase of its shares as part of its ongoing buy-back program. The company purchased a total of 1,619,000 shares across multiple trading venues: LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX. Prices for these buybacks ranged from £27.79 to £28.11 per share on GBP venues and €32.665 to €33.065 on EUR venues. The buy-back program, initiated on May 2, 2024, will continue until July 26, 2024, with BNP PARIBAS Financial Markets SNC making independent trading decisions within pre-set parameters and regulatory guidelines, including the Market Abuse Regulation (MAR) and its UK equivalent.

Positive
  • Shell repurchased 1,619,000 shares, indicating strong financial health.
  • The buy-back program shows Shell's commitment to returning value to shareholders.
  • Share repurchases typically reduce the number of outstanding shares, potentially increasing earnings per share (EPS).
  • The program is conducted in compliance with strict regulatory guidelines, ensuring transparency.
Negative
  • Shell's share repurchases indicate a significant cash outflow.
  • The buy-back program's end date of July 26, 2024, may create short-term volatility in the stock price.
  • Repurchasing shares at relatively high prices (£27.79 to £28.11 and €32.665 to €33.065) could be seen as less efficient use of capital if the stock price declines.

Transaction in Own Shares

21 May, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 21 May, 2024 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchaseNumber of Shares purchasedHighest price paid

 
Lowest price paid

 
Volume weighted average price paid per shareVenueCurrency
21/05/2024564,993£28.1100£27.7900£27.9700LSEGBP
21/05/2024164,077£27.9900£27.7900£27.8872Chi-X (CXE)GBP
21/05/2024115,930£28.0700£27.7900£27.9027BATS (BXE)GBP
21/05/2024515,151€33.0650€32.6650€32.8419XAMSEUR
21/05/2024202,252€33.0650€32.6650€32.8572CBOE DXEEUR
21/05/202457,597€33.0350€32.6650€32.8017TQEXEUR

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 2 May 2024.

In respect of this programme, BNP PARIBAS Financial Markets SNC will make trading decisions in relation to the securities independently of the Company for a period from 2 May 2024 up to and including 26 July 2024.

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 12 of the 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 BNP PARIBAS Financial Markets SNC 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


FAQ

What did Shell announce on May 21, 2024?

Shell announced that it repurchased 1,619,000 shares as part of its ongoing buy-back program.

How many shares did Shell repurchase on May 21, 2024?

Shell repurchased a total of 1,619,000 shares.

What was the highest price Shell paid for its shares on May 21, 2024?

The highest price paid for Shell shares on May 21, 2024, was £28.11.

What trading venues were involved in Shell's share buy-back on May 21, 2024?

The trading venues involved were LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX.

What is the end date for Shell's buy-back program?

The buy-back program will continue until July 26, 2024.

Who is making the trading decisions for Shell's buy-back program?

BNP PARIBAS Financial Markets SNC is making the trading decisions independently of Shell.

What are the price ranges for Shell's repurchased shares in GBP?

The price ranges for repurchased shares in GBP were £27.79 to £28.11.

What are the price ranges for Shell's repurchased shares in EUR?

The price ranges for repurchased shares in EUR were €32.665 to €33.065.

How does Shell ensure compliance in its buy-back program?

Shell's buy-back program adheres to the Market Abuse Regulation (MAR) and its UK equivalent, ensuring compliance and transparency.

Shell plc

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