Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announced on August 20, 2024, that it purchased 800,653 shares on the London Stock Exchange at a volume-weighted average price of £27.5479 per share. Additionally, 783,270 shares were bought on Euronext Amsterdam at an average price of €32.5586. These purchases are part of Shell's existing share buy-back programme announced on August 1, 2024.

The programme, managed independently by Citigroup Global Markets , will run until October 25, 2024. It includes both on-market and off-market components, adhering to pre-set parameters and regulatory guidelines, including EU and UK Market Abuse Regulations. The buyback aims to reduce Shell's share capital, potentially benefiting remaining shareholders by increasing their proportional ownership.

Positive

• Shell is executing a share buyback program, which can increase shareholder value
• The company has sufficient cash flow to fund share repurchases
• Independent management of the buyback by Citigroup ensures compliance and objectivity

Negative

• Large cash outflow for share repurchases may reduce funds available for other investments or dividends

News Market Reaction – SHEL

-2.02%

1 alert

-2.02% News Effect

On the day this news was published, SHEL declined 2.02%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Transaction in Own Shares

20 August, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 20 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
20/08/2024	800,653	£27.9350	£27.3400	£27.5479	LSE	GBP
20/08/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
20/08/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
20/08/2024	783,270	€32.9650	€32.3300	€32.5586	XAMS	EUR
20/08/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
20/08/2024	-	€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 20-Aug-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on August 20, 2024?

Shell (SHEL) repurchased a total of 1,583,923 shares on August 20, 2024, with 800,653 shares bought on the London Stock Exchange and 783,270 shares on Euronext Amsterdam.

What was the average price paid per share for Shell's (SHEL) stock buyback on August 20, 2024?

On August 20, 2024, Shell (SHEL) paid a volume-weighted average price of £27.5479 per share on the London Stock Exchange and €32.5586 per share on Euronext Amsterdam.

When did Shell (SHEL) announce its current share buyback programme?

Shell (SHEL) announced its current share buyback programme on August 1, 2024.

How long will Shell's (SHEL) current share buyback programme run?

Shell's (SHEL) current share buyback programme, managed by Citigroup Global Markets , will run from August 1, 2024, up to and including October 25, 2024.