Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) has announced a significant share repurchase activity on August 5, 2024, as part of its ongoing buyback program. The company bought back 852,222 shares on the London Stock Exchange at prices ranging from £26.6000 to £27.0650, with a volume-weighted average price of £26.8334. Additionally, 831,503 shares were purchased on the Amsterdam exchange at prices between €31.1950 and €31.8150, averaging €31.5001 per share.

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

Positive

• Shell is actively implementing its share buyback program, potentially increasing shareholder value
• The company has sufficient cash flow to fund significant share repurchases
• The buyback program demonstrates management's confidence in the company's financial position

Negative

• Large share repurchases may reduce the company's cash reserves for other investments or operations

News Market Reaction – SHEL

-2.36%

1 alert

-2.36% News Effect

On the day this news was published, SHEL declined 2.36%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Transaction in Own Shares

05 August, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 05 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
05/08/2024	852,222	£27.0650	£26.6000	£26.8334	LSE	GBP
05/08/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
05/08/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
05/08/2024	831,503	€31.8150	€31.1950	€31.5001	XAMS	EUR
05/08/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
05/08/2024	-	€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 Complete 05-Aug-24

FAQ

How many shares did Shell (SHEL) repurchase on August 5, 2024?

Shell (SHEL) repurchased a total of 1,683,725 shares on August 5, 2024, with 852,222 shares bought on the London Stock Exchange and 831,503 shares on the Amsterdam exchange.

What was the price range for Shell's (SHEL) share buyback on August 5, 2024?

On the London Stock Exchange, Shell (SHEL) bought shares between £26.6000 and £27.0650. On the Amsterdam exchange, the price range was €31.1950 to €31.8150.

When did Shell (SHEL) announce this share buyback program?

Shell (SHEL) announced this share buyback program on August 1, 2024.

Who is managing Shell's (SHEL) share buyback trades?

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