Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announced the repurchase of 1,705,873 shares on September 10, 2024, as part of its ongoing share buy-back programme. The company bought 865,088 shares on the London Stock Exchange at prices ranging from £25.0250 to £25.5300, with a volume-weighted average price of £25.3126. Additionally, 840,785 shares were purchased on Euronext Amsterdam at prices between €29.9450 and €30.6000, with a volume-weighted average price of €30.3194.

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

Positive

• Shell is actively implementing its share buy-back programme, potentially increasing shareholder value
• The company is repurchasing shares on multiple exchanges, demonstrating global market presence
• The buy-back programme is being executed within pre-set parameters and regulatory compliance, showing good corporate governance

Negative

• Large-scale share repurchases may reduce the company's cash reserves
• The buy-back programme could potentially limit funds available for other investments or growth opportunities

News Market Reaction – SHEL

-2.27%

1 alert

-2.27% News Effect

On the day this news was published, SHEL declined 2.27%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Transaction in Own Shares

10 September, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 10 September 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
10/09/2024	865,088	£25.5300	£25.0250	£25.3126	LSE	GBP
10/09/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
10/09/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
10/09/2024	840,785	€30.6000	€29.9450	€30.3194	XAMS	EUR
10/09/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
10/09/2024	-	€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 10-Sep-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on September 10, 2024?

Shell (SHEL) repurchased a total of 1,705,873 shares on September 10, 2024, consisting of 865,088 shares on the London Stock Exchange and 840,785 shares on Euronext Amsterdam.

What was the price range for Shell's (SHEL) share repurchases on September 10, 2024?

On the London Stock Exchange, Shell (SHEL) repurchased shares between £25.0250 and £25.5300. On Euronext Amsterdam, the price range was €29.9450 to €30.6000.

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

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

Until when will Citigroup Global Markets manage Shell's (SHEL) trading decisions for the buy-back programme?

Citigroup Global Markets will manage Shell's (SHEL) trading decisions for the buy-back programme until October 25, 2024.