Transaction in Own Shares

Rhea-AI Summary

Shell (LSE:SHEL) reported that on 20 August 2026 it bought back ordinary shares for cancellation across multiple trading venues as part of its existing share buy-back programme announced on 30 July 2026.

Purchases were executed on the LSE, Chi-X (CXE), BATS (BXE) in GBP and on XAMS in EUR, with disclosed highest, lowest and volume-weighted average prices per venue. According to Shell, Goldman Sachs International is independently executing the on- and off-market limbs under pre-set parameters and in compliance with UK and EU market abuse and buy-back regulations for the period from 30 July to 23 October 2026.

News Explained

The company has purchased shares designated for cancellation, but the release establishes purchase—not cancellation—as the current state.

Shell reports that it bought ordinary shares on 20 August 2026 for cancellation, making the company the buyer and placing the disclosed step at purchase rather than completed cancellation.

The release lists 753,342 shares bought on the LSE, 295,430 on Chi-X, 99,724 on BATS, and 25,000 on XAMS.

The purchases sit within the programme’s on- and off-market limbs: on-market activity uses the company’s general authority, while off-market activity uses a shareholder-approved contract and preset parameters.

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Transaction in Own Shares

August 20, 2026

• • • • • • • • • • • • • • • •

Shell plc (the 'Company') announces that on 20 August 2026 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
20/08/2026	753,342	£ 34.5900	£ 34.0750	£ 34.4258	LSE	GBP
20/08/2026	295,430	£ 34.5850	£ 34.0750	£ 34.4204	Chi-X (CXE)	GBP
20/08/2026	99,724	£ 34.5700	£ 34.0850	£ 34.3954	BATS (BXE)	GBP
20/08/2026	25,000	€ 40.4850	€ 40.1200	€ 40.3129	XAMS	EUR
20/08/2026	-	-	-	-	CBOE DXE	EUR
20/08/2026	-	-	-	-	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 30 July 2026.

In respect of this programme, Goldman Sachs International will make trading decisions in relation to the securities independently of the Company for a period from 30 July 2026 up to and including 23 October 2026.

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 Goldman Sachs International 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 

Attachment

• 20260820_Shell RNS - full version

FAQ

What did Shell (SHEL) announce about its share buyback on 20 August 2026?

Shell announced that on 20 August 2026 it repurchased ordinary shares for cancellation across several European trading venues. According to Shell, these transactions are part of its ongoing share buy-back programme that began on 30 July 2026 under pre-set parameters and regulatory rules.

Which trading venues were used for the Shell (SHEL) share repurchases on 20 August 2026?

Shell reported share purchases on the LSE, Chi-X (CXE), BATS (BXE) in GBP and XAMS in EUR on 20 August 2026. According to Shell, additional venues CBOE DXE and TQEX were listed with no reported trades that day under the buy-back programme.

What price ranges did Shell (SHEL) pay per share in the 20 August 2026 buyback?

Shell disclosed highest, lowest and volume-weighted average prices for each venue on 20 August 2026. According to Shell, GBP trades showed prices between £34.0750 and £34.5900, while EUR trades on XAMS ranged between €40.1200 and €40.4850 during that day’s repurchases.

Who executes Shell’s (SHEL) share buy-back trades and over what period in 2026?

According to Shell, Goldman Sachs International independently makes trading decisions for the buy-back programme. The mandate runs from 30 July 2026 up to and including 23 October 2026, covering both on-market and off-market repurchases under pre-set parameters and shareholder-approved authorities.

Under which regulations is the Shell (SHEL) 2026 share buy-back programme conducted?

Shell stated that the programme is conducted in accordance with Chapter 9 of the UK Listing Rules, EU MAR and UK MAR. According to Shell, it also follows the EU MAR Delegated Regulation and its UK onshored equivalent governing share buy-back programmes and market abuse rules.

Are Shell’s (SHEL) 20 August 2026 repurchased shares being held or cancelled?

Shell confirmed that the shares bought on 20 August 2026 are being purchased for cancellation rather than treasury. According to Shell, these transactions form part of the on- and off-market limbs of its previously announced 2026 share buy-back programme.