Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) reports that on 20 October 2025 it purchased and cancelled a total of 1,400,000 shares under its ongoing buy-back programme announced on 31 July 2025.

Purchases were executed across venues in GBP and EUR: 715,000 shares on LSE/Chi-X/BATS at a combined VWAP of approximately £27.13, and 685,000 shares on XAMS/CBOE DXE at a combined VWAP of approximately €31.305. HSBC Bank plc made the trades independently for the programme, which runs through 24 October 2025. Transactions comply with UK MAR and related buy-back rules.

Positive

• Total shares cancelled: 1,400,000 on 20 October 2025
• GBP tranche VWAP: approximately £27.13 on 715,000 shares
• EUR tranche VWAP: approximately €31.305 on 685,000 shares
• Executed under existing programme announced 31 July 2025 with independent broker execution

Negative

• Repurchases deploy company capital to buybacks rather than alternative uses

Insights

Equity Capital Allocation Analyst

Shell executed part of its announced buy‑back, canceling 1,400,000 shares across UK and European venues.

The company purchased a total of 1,400,000 shares for cancellation on 20/10/2025, with GBP trades at VWAPs near £27.13 and EUR trades near €31.305. Trades ran on LSE, Chi‑X, BATS, XAMS and CBOE DXE under the existing buy‑back programme managed by HSBC Bank plc.

The buy‑back reduces share count directly and reflects active capital allocation within pre‑set parameters. Execution depends on the remaining programme authority and HSBC’s independent trading window through 24/10/2025. Watch for aggregate programme totals and any announcements when the programme completes within the authorised period; the LEI is 21380068P1DRHMJ8KU70.

Transaction in Own Shares   

20 October, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 20 October, 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
20/10/2025	332,203	£27.2200	£26.8500	£27.1336	LSE	GBP
20/10/2025	174,464	£27.2200	£26.8500	£27.1247	Chi-X (CXE)	GBP
20/10/2025	208,333	£27.2200	£26.8650	£27.1305	BATS (BXE)	GBP
20/10/2025	384,417	€31.4300	€30.9850	€31.3055	XAMS	EUR
20/10/2025	300,583	€31.4300	€30.9850	€31.3049	CBOE DXE	EUR
20/10/2025	-	-	-	-	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) 20251020

FAQ

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

Shell repurchased and cancelled 1,400,000 shares on 20 October 2025.

What were the VWAPs for Shell (SHEL) buyback on 20 October 2025?

The combined GBP VWAP was about £27.13 (715,000 shares) and the EUR VWAP about €31.305 (685,000 shares).

Who executed Shell's (SHEL) buyback trades on 20 October 2025?

HSBC Bank plc executed the trades independently on behalf of Shell as part of the buy-back programme.

Is Shell's (SHEL) 20 October 2025 share repurchase part of a broader programme?

Yes. The purchases form part of the on- and off-market limbs of Shell's buy-back programme announced on 31 July 2025.

Until when will HSBC make trading decisions for Shell's (SHEL) buy-back programme?

HSBC will make trading decisions independently for the programme from 31 July 2025 up to and including 24 October 2025.