Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has executed significant share repurchases across multiple trading venues on July 22, 2025, as part of its previously announced buyback programme. The company acquired a total of 962,000 shares in GBP across LSE, Chi-X, and BATS venues, with prices ranging from £25.99 to £26.35. Additionally, 868,000 shares were purchased in EUR across XAMS, CBOE DXE, and TQEX venues, with prices ranging from €30.09 to €30.48.

The transactions are part of Shell's share buy-back programme announced on May 2, 2025, with BNP PARIBAS SA managing the trading decisions independently until July 25, 2025. The programme includes both on-market and off-market components, conducted in accordance with UK Listing Rules and Market Abuse Regulations.

Positive

• None.

Negative

• Large cash expenditure on buybacks could limit funds available for operational investment
• Share repurchases may reduce market liquidity for the stock

News Market Reaction

+1.18%

1 alert

+1.18% News Effect

On the day this news was published, SHEL gained 1.18%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Transaction in Own Shares

22 July, 2025

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Shell plc (the ‘Company’) announces that on 22 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
22/07/2025	697,838	£26.3500	£25.9900	£26.1681	LSE	GBP
22/07/2025	170,675	£26.3050	£26.0200	£26.1221	Chi-X (CXE)	GBP
22/07/2025	93,487	£26.2950	£26.0350	£26.1347	BATS (BXE)	GBP
22/07/2025	539,877	€30.4800	€30.0900	€30.2767	XAMS	EUR
22/07/2025	286,424	€30.4850	€30.1150	€30.2840	CBOE DXE	EUR
22/07/2025	41,699	€30.2700	€30.1150	€30.2175	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 22

FAQ

How many shares did Shell (SHEL) repurchase on July 22, 2025?

Shell purchased approximately 962,000 shares in GBP (across LSE, Chi-X, and BATS) and 868,000 shares in EUR (across XAMS, CBOE DXE, and TQEX) on July 22, 2025.

What is the price range of Shell's share buyback on July 22, 2025?

In GBP markets, shares were purchased between £25.99 to £26.35. In EUR markets, the price range was €30.09 to €30.48.

Who is managing Shell's buyback program and until when?

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

What are the regulatory frameworks governing Shell's share buyback?

The buyback is conducted under UK Listing Rules Chapter 9, EU and UK Market Abuse Regulation 596/2014/EU, and the Commission Delegated Regulation (EU) 2016/1052.

How is Shell's share buyback program structured?

The program consists of both on-market and off-market components, with the on-market portion operating within pre-set parameters and the off-market portion following shareholder-approved buyback contracts.