Transaction in Own Shares

Rhea-AI Summary

Shell plc announced share repurchases conducted on June 20, 2025, as part of its existing buyback programme. The company bought a total of 2,120,000 shares across multiple venues: 1,070,000 shares on London exchanges (LSE, Chi-X, BATS) at prices between £26.54-£26.93, and 1,050,000 shares on European exchanges (XAMS, CBOE DXE, TQEX) at prices between €31.24-€31.69. These purchases are part of Shell's buyback programme announced on May 2, 2025, managed independently by BNP PARIBAS SA until July 25, 2025. The programme includes both on-market and off-market purchases, conducted in accordance with UK and EU market regulations.

Positive

• Significant share buyback demonstrates strong commitment to returning value to shareholders
• Multiple trading venues utilized for efficient price execution
• Independent management by BNP PARIBAS SA ensures market compliance and trading expertise

Negative

• None.

Insights

Financial Analyst

Shell continues its share buyback program, repurchasing over 2.1 million shares across multiple exchanges as part of its previously announced plan.

Shell's latest share repurchase activity represents the ongoing execution of its buyback program announced on May 2, 2025. On June 20, the company purchased approximately 2.12 million shares across various trading venues - about 1.07 million shares on UK exchanges (LSE, Chi-X, BATS) and 1.05 million shares on European exchanges (XAMS, CBOE DXE, TQEX).

The average purchase price was £26.80 on the London Stock Exchange and around €31.54 on European exchanges. These repurchases form part of both the on-market and off-market components of Shell's existing buyback program, which will continue through July 25, 2025, with BNP PARIBAS making independent trading decisions within pre-established parameters.

Share buybacks like these typically benefit shareholders by reducing the number of outstanding shares, which can increase earnings per share and potentially support share prices. For Shell specifically, this continued commitment to returning capital to shareholders through buybacks demonstrates management's confidence in the company's financial position and cash flow generation capacity.

The program is being conducted in accordance with relevant UK and EU market regulations, ensuring proper oversight and transparency. While this represents a routine update on an existing program rather than a new initiative, the systematic execution of these share repurchases remains an important element of Shell's broader capital allocation strategy.

Transaction in Own Shares

20 June, 2025

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Shell plc (the ‘Company’) announces that on 20 June, 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
20/06/2025	798,230	£26.9300	£26.5400	£26.8019	LSE	GBP
20/06/2025	174,698	£26.9300	£26.5450	£26.8186	Chi-X (CXE)	GBP
20/06/2025	97,072	£26.9150	£26.5650	£26.7986	BATS (BXE)	GBP
20/06/2025	697,001	€31.6950	€31.2400	€31.5418	XAMS	EUR
20/06/2025	310,615	€31.6950	€31.2400	€31.5422	CBOE DXE	EUR
20/06/2025	42,384	€31.6850	€31.3250	€31.5480	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 06 20

FAQ

How many shares did Shell (SHEL) repurchase on June 20, 2025?

Shell repurchased approximately 2.12 million shares in total, with 1.07 million shares on London exchanges and 1.05 million shares on European exchanges.

What was the price range for Shell's share buyback on June 20, 2025?

On London exchanges, shares were purchased between £26.54-£26.93, while on European exchanges, the price range was €31.24-€31.69.

Who is managing Shell's current buyback program?

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

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

The current buyback programme runs from May 2, 2025 to July 25, 2025.

On which exchanges did Shell (SHEL) conduct its share repurchases?

Shell conducted repurchases on multiple venues including LSE, Chi-X (CXE), BATS (BXE) in London, and XAMS, CBOE DXE, and TQEX in Europe.