Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has executed significant share repurchases across multiple trading venues on July 14, 2025, as part of its previously announced buyback program. The company purchased a total of 2,070,500 shares across various exchanges including LSE, Chi-X, BATS, XAMS, CBOE DXE, and TQEX.

The purchases were made at price ranges of £26.33 to £26.77 in GBP markets and €30.42 to €30.98 in EUR markets. This buyback initiative, managed independently by BNP PARIBAS SA, will continue until July 25, 2025, operating under both on-market and off-market parameters in compliance with UK Listing Rules and Market Abuse Regulations.

Positive

• Substantial share buyback program demonstrates strong commitment to returning value to shareholders
• Multi-exchange execution strategy ensures efficient price discovery and liquidity
• Independent management by BNP PARIBAS SA ensures transparent and compliant execution

Negative

• Significant cash expenditure on buybacks may reduce funds available for operational investments
• Share repurchases could potentially limit stock's float and trading liquidity

Insights

Financial Analyst

Shell continues executing its share buyback program, repurchasing over 2 million shares across multiple venues on July 14.

Shell plc continues implementing its previously announced share buyback program with substantial purchases on July 14, 2025. The company acquired approximately 1.05 million shares across London Stock Exchange and affiliated venues at prices ranging from £26.33 to £26.77. Additionally, Shell purchased about 1.02 million shares across European exchanges at prices between €30.42 and €30.98.

These repurchases are part of Shell's structured buyback program announced on May 2, 2025, which will continue through July 25, 2025. The program includes both on-market purchases (within pre-set parameters) and off-market purchases (per shareholder-approved contract). BNP PARIBAS SA is executing these trades independently from Shell.

Share buybacks typically benefit shareholders by reducing the number of outstanding shares, which can increase earnings per share and return capital to investors. This continuing program signals management's confidence in the company's financial position and commitment to returning value to shareholders. The detailed transaction reporting demonstrates transparency in the execution of the buyback program, with purchases spread across multiple trading venues to optimize execution.

Transaction in Own Shares

14 July, 2025

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Shell plc (the ‘Company’) announces that on 14 July, 2025 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
14/07/2025	758,354	£26.7650	£26.3300	£26.5566	LSE	GBP
14/07/2025	189,837	£26.7650	£26.3350	£26.6048	Chi-X (CXE)	GBP
14/07/2025	102,309	£26.7650	£26.4650	£26.6878	BATS (BXE)	GBP
14/07/2025	607,469	€30.9750	€30.4200	€30.7183	XAMS	EUR
14/07/2025	367,436	€30.9750	€30.4250	€30.7750	CBOE DXE	EUR
14/07/2025	45,095	€30.9650	€30.5600	€30.9164	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 2025.

In respect of this programme, BNP PARIBAS SA will make trading decisions in relation to the securities independently of the Company for a period from 2 May 2025 up to and including 25 July 2025.

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 9 of the UK 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 SA on behalf of the Company as a part of the buy-back programme is detailed below.

Enquiries

Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment

• RNS Report SHELL 2025 07 14

FAQ

How many shares did Shell (SHEL) purchase on July 14, 2025?

Shell purchased a total of 2,070,500 shares across multiple trading venues, including 758,354 shares on LSE, 189,837 on Chi-X, 102,309 on BATS, and additional volumes on European exchanges.

What is the price range for Shell's share buyback on July 14, 2025?

Shell purchased shares at prices ranging from £26.33 to £26.77 in GBP markets and €30.42 to €30.98 in EUR markets.

When will Shell's current share buyback program end?

The current share buyback program, managed by BNP PARIBAS SA, will continue until July 25, 2025.

Who manages Shell's share buyback program?

BNP PARIBAS SA independently manages the trading decisions for Shell's buyback program from May 2, 2025, to July 25, 2025.

What regulations govern Shell's share buyback program?

The program is conducted in accordance with Chapter 9 of the UK Listing Rules, Article 5 of the Market Abuse Regulation (EU MAR), UK MAR, and the Commission Delegated Regulation.