Transaction in Own Shares 24 September, 2024

Shell plc Announcement

Shell plc (the ‘Company’) announces that on 24 September 2024 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchase: 24/09/2024

Number of Shares purchased: 650,000

Highest price paid: £25.9550

Lowest price paid: £25.7050

Volume weighted average price paid per share: £25.7944

Venue: LSE

Currency: GBP

Share Buy-Back Programme

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.

Impact on Individuals

As an individual shareholder of Shell plc, the purchase and cancellation of shares may affect your ownership stake in the company. Depending on the total number of shares outstanding and the number of shares purchased, your percentage ownership of the company could increase.

Impact on the World

Shell plc’s decision to buy back shares can have a broader impact on the financial markets and investor sentiment. Share buybacks can indicate that a company believes its stock is undervalued and can boost the stock price in the short term. This action can also signal confidence in the company’s financial health and future prospects.

Conclusion

In conclusion, Shell plc’s transaction in own shares on 24 September, 2024 reflects a strategic decision to manage its capital structure and return value to shareholders. This move can have implications for individual investors and the broader market, signaling confidence and potentially impacting stock prices.