Transaction in Own Shares

On 05 December 2024, Shell plc, a leading energy company, announced the purchase of shares for the purpose of cancellation. This move is part of the company's existing share buy-back program, initially disclosed on 31 October 2024. The shares bought back will be canceled, thereby reducing the overall share count.

Details of the Purchase

The company provided detailed information regarding the shares purchased according to various trading venues. Here are the specifics:

Date of Purchase	Shares Purchased	Highest Price Paid	Lowest Price Paid	Average Price	Venue	Currency
05/12/2024	1,245,200	£25.2000	£24.9000	£25.0211	LSE	GBP
05/12/2024	819,800	€30.7000	€30.3150	€30.4537	XAMS	EUR

The remaining trading venues such as Chi-X, BATS, CBOE DXE, and TQEX reported no purchases during this transaction period.

Trading Decisions and Regulations

Shell plc has delegated trading decisions related to its share buy-back program to Citigroup Global Markets Limited, which will operate independently in this regard from 31 October 2024 to 24 January 2025. The buy-back activities will adhere to the company's general authority to repurchase shares on-market and off-market, pursuant to relevant regulations.

This program complies with Chapter 9 of the UK Listing Rules and is also subject to Article 5 of the Market Abuse Regulation. The goal is to ensure that all transactions are conducted transparently and within the legal frameworks established by both EU MAR and UK MAR. This includes provisions from the Financial Services Act of 2021 and associated regulations to prevent market abuse and protect investors.

The proactive management of share purchases signifies Shell’s commitment to maintaining a robust financial structure and enhancing shareholder value. Such initiatives are critical in today's fluctuating market landscape.

transaction, shares, buyback