Transaction in Own Shares

Rhea-AI Summary

Shell plc announces share repurchases conducted on October 23, 2024, as part of its existing buyback programme. The company purchased 944,000 shares on LSEG at prices between £25.3750 and £25.6200 (VWAP: £25.4845), and 870,000 shares on XAMS at prices between €30.7500 and €31.1350 (VWAP: €30.9375). These purchases are part of the programme announced on August 1, 2024, managed independently by Citigroup Global Markets until October 25, 2024, following UK Listing Rules and Market Abuse Regulations.

Positive

• Continuing share buyback program demonstrates strong capital return policy to shareholders
• Substantial share repurchase volume of 1.81 million shares across markets indicates robust execution of buyback program

Negative

• None.

Transaction in Own Shares

23 October, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 23 October 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
23/10/2024	944,000	£25.6200	£25.3750	£25.4845	LSE	GBP
23/10/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
23/10/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
23/10/2024	870,000	€31.1350	€30.7500	€30.9375	XAMS	EUR
23/10/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
23/10/2024	-	€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 1 August 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 1 August 2024 up to and including 25 October 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 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 23-Oct-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on October 23, 2024?

Shell purchased 944,000 shares on LSEG and 870,000 shares on XAMS, totaling 1,814,000 shares on October 23, 2024.

What was the price range for Shell's (SHEL) share buyback on October 23, 2024?

On LSEG, shares were purchased between £25.3750 and £25.6200, and on XAMS between €30.7500 and €31.1350.

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

The current share buyback program, managed by Citigroup Global Markets , will continue until October 25, 2024.