Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has executed significant share repurchases across multiple trading venues on September 8, 2025, as part of its previously announced buyback program. The company purchased a total of 789,984 shares on the London exchanges (LSE, Chi-X, and BATS) at prices ranging from £26.30 to £26.635, and 885,000 shares on European exchanges (XAMS and CBOE DXE) at prices between €30.465 and €30.885.

The purchases are part of Shell's share buyback programme announced on July 31, 2025, which will continue through October 24, 2025. HSBC Bank plc is executing the trades independently, operating within pre-set parameters for both on-market and off-market transactions.

Positive

• Continued execution of share buyback program demonstrates strong capital return commitment to shareholders
• Multiple trading venue approach ensures efficient price discovery and liquidity
• Independent execution by HSBC Bank provides transparency and market compliance

Negative

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

Insights

Financial Analyst

Shell continues executing its share buyback program, purchasing 1.67 million shares across multiple venues on September 8.

Shell's latest share repurchase activity reveals consistent execution of its previously announced buyback program. On September 8, 2025, the company purchased approximately 1.67 million shares across multiple trading venues in both GBP and EUR denominations. The UK-listed shares were acquired at prices ranging from £26.30 to £26.64, while EUR-denominated shares traded between €30.47 and €30.89.

This repurchase activity represents a standard implementation of Shell's capital return strategy announced on July 31, 2025, which is scheduled to continue through October 24, 2025. The program includes both on-market and off-market components, with HSBC Bank making independent trading decisions within pre-established parameters.

Share buybacks generally support shareholder value by reducing outstanding share count, which can enhance metrics like earnings per share. For a company of Shell's size, this single-day repurchase volume (~£44.5 million equivalent) represents a methodical approach to capital return rather than an aggressive deployment. The buyback execution demonstrates management's ongoing commitment to returning capital while maintaining compliance with various regulatory frameworks including UK Listing Rules, Market Abuse Regulations, and associated Brexit-adjusted provisions.

Transaction in Own Shares   

8 September, 2025

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Shell plc (the ‘Company’) announces that on 8 September, 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
08/09/2025	389,705	£26.6350	£26.3000	£26.4763	LSE	GBP
08/09/2025	149,785	£26.6350	£26.3000	£26.5201	Chi-X (CXE)	GBP
08/09/2025	250,494	£26.6350	£26.3000	£26.4649	BATS (BXE)	GBP
08/09/2025	535,135	€30.8800	€30.4650	€30.6833	XAMS	EUR
08/09/2025	349,865	€30.8850	€30.4650	€30.6814	CBOE DXE	EUR
08/09/2025	-	-	-	-	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 31 July 2025.

In respect of this programme, HSBC Bank plc will make trading decisions in relation to the securities independently of the Company for a period from 31 July 2025 up to and including 24 October 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 HSBC Bank plc 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

• Shell RNS (Extended) 20250908

FAQ

How many shares did Shell (SHEL) purchase on September 8, 2025?

Shell purchased 789,984 shares across London exchanges (LSE, Chi-X, and BATS) and 885,000 shares on European exchanges (XAMS and CBOE DXE) on September 8, 2025.

What is the duration of Shell's current share buyback program?

Shell's current share buyback program runs from July 31, 2025 to October 24, 2025, with HSBC Bank plc making independent trading decisions.

What was the price range for Shell's share purchases on September 8, 2025?

On London exchanges, shares were purchased between £26.30 to £26.635, while on European exchanges, the price range was €30.465 to €30.885.

Who executes Shell's share buyback trades?

HSBC Bank plc executes the trades independently of Shell, operating within pre-set parameters for both on-market and off-market transactions.

What regulations govern Shell's share buyback program?

The program is conducted under UK Listing Rules Chapter 9, EU and UK Market Abuse Regulations (MAR), and related delegated regulations, including post-Brexit provisions.