Transaction in Own Shares

Rhea-AI Summary

Shell plc announces share repurchases conducted on November 18, 2024, as part of its buyback programme announced on October 31, 2024. The company purchased 1,150,000 shares on LSEG at prices between £25.5200 and £25.9900 (VWAP: £25.7597), and 850,000 shares on XAMS at prices between €30.9250 and €31.4050 (VWAP: €31.1502). The programme, managed independently by Citigroup Global Markets , will run until January 24, 2025, operating under UK and EU market regulations.

Positive

• Ongoing share buyback program demonstrates strong capital return policy to shareholders
• Substantial share repurchase volume of 2 million shares across markets indicates strong execution of buyback program

Negative

• None.

News Market Reaction – SHEL

+1.30%

1 alert

+1.30% News Effect

On the day this news was published, SHEL gained 1.30%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Transaction in Own Shares

18 November, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 18 November 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
18/11/2024	1,150,000	£25.9900	£25.5200	£25.7597	LSE	GBP
18/11/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
18/11/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
18/11/2024	850,000	€31.4050	€30.9250	€31.1502	XAMS	EUR
18/11/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
18/11/2024	-	€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 31 October 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 31 October 2024 up to and including 24 January 2025.

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 18-Nov-24 - complete

FAQ

How many shares did Shell (SHEL) purchase on November 18, 2024?

Shell purchased a total of 2 million shares on November 18, 2024, comprising 1,150,000 shares on LSEG and 850,000 shares on XAMS.

What was the price range for Shell's (SHEL) share purchases on November 18, 2024?

On LSEG, shares were purchased between £25.5200 and £25.9900, while on XAMS, the price range was €30.9250 to €31.4050.

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

The current share buyback programme will run until January 24, 2025.