Transaction in Own Shares

Shell plc (SHEL) announced the repurchase of 1,922,000 shares for cancellation on July 23, 2024, as part of its ongoing share buy-back programme.

Rhea-AI Summary

Shell plc (SHEL) announced the repurchase of 1,922,000 shares for cancellation on July 23, 2024, as part of its ongoing share buy-back programme. The purchases were made across multiple venues, including the London Stock Exchange, Chi-X, BATS, Euronext Amsterdam, CBOE DXE, and TQEX. The highest price paid was £27.9750 in GBP and €33.3800 in EUR, while the lowest was £27.4550 in GBP and €32.8350 in EUR.

This share buy-back is part of Shell's programme announced on May 2, 2024, with BNP PARIBAS Financial Markets SNC making independent trading decisions until July 26, 2024. The programme complies with relevant regulations, including EU MAR, UK MAR, and the Commission Delegated Regulation (EU) 2016/1052.

Positive

• Shell is actively implementing its share buy-back programme, potentially increasing shareholder value
• The company is repurchasing shares across multiple trading venues, demonstrating a comprehensive approach to the buy-back

Negative

• None.

News Market Reaction – SHEL

-1.25%

-1.25% Session move

In the trading session that priced this news, SHEL declined 1.25%, 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

23 July, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 23 July, 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
23/07/2024	637,472	£27.9750	£27.4550	£27.7058	LSE	GBP
23/07/2024	160,123	£27.9700	£27.4550	£27.7657	Chi-X (CXE)	GBP
23/07/2024	124,405	£27.9750	£27.4550	£27.8006	BATS (BXE)	GBP
23/07/2024	700,124	€33.3800	€32.8350	€33.0556	XAMS	EUR
23/07/2024	245,239	€33.3800	€32.8450	€33.1199	CBOE DXE	EUR
23/07/2024	54,637	€33.3800	€33.0800	€33.2059	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 2 May 2024.

In respect of this programme, BNP PARIBAS Financial Markets SNC will make trading decisions in relation to the securities independently of the Company for a period from 2 May 2024 up to and including 26 July 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 BNP PARIBAS Financial Markets SNC 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 Report SHELL 2024 07 23

FAQ

How many shares did Shell (SHEL) repurchase on July 23, 2024?

Shell plc (SHEL) repurchased a total of 1,922,000 shares for cancellation on July 23, 2024, across various trading venues.

What was the highest price paid for Shell (SHEL) shares during the July 23, 2024 buy-back?

The highest price paid for Shell (SHEL) shares on July 23, 2024, was £27.9750 in GBP and €33.3800 in EUR.

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

Shell plc (SHEL) announced its current share buy-back programme on May 2, 2024.

Until what date will BNP PARIBAS Financial Markets SNC make trading decisions for Shell's (SHEL) buy-back programme?

BNP PARIBAS Financial Markets SNC will make trading decisions for Shell's (SHEL) buy-back programme until July 26, 2024.