Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announced on August 22, 2024, the purchase of 1,602,362 shares for cancellation as part of its existing share buy-back programme. The transactions were executed across different venues:

- London Stock Exchange: 811,882 shares at a volume-weighted average price of £27.0078
- Euronext Amsterdam: 790,480 shares at a volume-weighted average price of €32.0497

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

Positive

• Continuation of share buyback program, potentially increasing shareholder value
• Significant number of shares (1,602,362) repurchased in a single day
• Execution of buybacks across multiple markets (London and Amsterdam) showing global strategy

Negative

• Substantial cash outflow for share repurchases may impact available funds for other investments or operations

News Market Reaction – SHEL

+0.22%

1 alert

+0.22% News Effect

On the day this news was published, SHEL gained 0.22%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Transaction in Own Shares

22 August, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 22 August 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
22/08/2024	811,882	£27.1000	£26.8850	£27.0078	LSE	GBP
22/08/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
22/08/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
22/08/2024	790,480	€32.1400	€31.9250	€32.0497	XAMS	EUR
22/08/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
22/08/2024	-	€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 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 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 22-Aug-24 - complete

FAQ

How many shares did Shell plc (SHEL) repurchase on August 22, 2024?

Shell plc (SHEL) repurchased a total of 1,602,362 shares on August 22, 2024, with 811,882 shares on the London Stock Exchange and 790,480 shares on Euronext Amsterdam.

What was the price range for Shell's (SHEL) share repurchases on August 22, 2024?

On the London Stock Exchange, Shell (SHEL) paid between £26.8850 and £27.1000 per share. On Euronext Amsterdam, the price range was €31.9250 to €32.1400 per share.

When did Shell plc (SHEL) announce its current share buy-back programme?

Shell plc (SHEL) announced its current share buy-back programme on August 1, 2024.

Who is managing the trading decisions for Shell's (SHEL) share buyback program?

Citigroup Global Markets is making independent trading decisions for Shell's (SHEL) share buyback program from August 1, 2024, to October 25, 2024.