Transaction in Own Shares

Shell plc (SHEL) has announced the repurchase of its own shares on August 16, 2024, as part of its ongoing share buy-back programme.

Rhea-AI Summary

Shell plc (SHEL) has announced the repurchase of its own shares on August 16, 2024, as part of its ongoing share buy-back programme. The company bought 796,250 shares on the London Stock Exchange at a volume-weighted average price of £27.8748 per share, and 777,488 shares on the Amsterdam exchange at €32.9384 per share. This initiative is part of Shell's previously announced share buy-back programme from August 1, 2024, which will continue until October 25, 2024. Citigroup Global Markets is managing the trading decisions independently, adhering to pre-set parameters and regulatory guidelines including EU MAR and UK MAR.

Positive

• Shell is actively managing its capital structure through a share repurchase program
• The company is executing its previously announced strategy, potentially indicating financial stability

Negative

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

News Market Reaction – SHEL

-0.67%

-0.67% Session move

In the trading session that priced this news, SHEL declined 0.67%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Transaction in Own Shares

16 August, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 16 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
16/08/2024	796,250	£28.0750	£27.7900	£27.8748	LSE	GBP
16/08/2024	-	£0.0000	£0.0000	£0.0000	Chi-X (CXE)	GBP
16/08/2024	-	£0.0000	£0.0000	£0.0000	BATS (BXE)	GBP
16/08/2024	777,488	€33.1550	€32.8300	€32.9384	XAMS	EUR
16/08/2024	-	€0.0000	€0.0000	€0.0000	CBOE DXE	EUR
16/08/2024	-	€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 16-Aug-24 - complete

FAQ

How many shares did Shell (SHEL) repurchase on August 16, 2024?

Shell (SHEL) repurchased a total of 1,573,738 shares on August 16, 2024, with 796,250 shares bought on the London Stock Exchange and 777,488 shares on the Amsterdam exchange.

What was the average price paid per share for Shell's (SHEL) stock repurchase on August 16, 2024?

On August 16, 2024, Shell (SHEL) paid a volume-weighted average price of £27.8748 per share on the London Stock Exchange and €32.9384 per share on the Amsterdam exchange.

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 what date is Shell's (SHEL) current share buy-back programme scheduled to run?

Shell's (SHEL) current share buy-back programme is scheduled to run until October 25, 2024.