Transaction in Own Shares

Rhea-AI Summary

Shell plc announced share repurchases conducted on June 19, 2025, as part of its existing buyback programme announced on May 2, 2025. The company bought back a total of 578,000 shares on the London exchanges (LSE, Chi-X, and BATS) at prices between £26.81 and £27.025, and 487,000 shares on European exchanges (XAMS, CBOE DXE, and TQEX) at prices between €31.505 and €31.81. BNP PARIBAS SA is managing the trading decisions independently until July 25, 2025, with the program conducted under UK and EU market regulations.

Positive

• Continued execution of share buyback program demonstrates strong capital return commitment to shareholders
• Multiple trading venues utilized for efficient share repurchases
• Independent management by BNP PARIBAS SA ensures market compliance and execution efficiency

Negative

• None.

Insights

Corporate Finance Specialist

Shell continues its share buyback program, repurchasing 1.06M shares across multiple venues on June 19.

Shell plc has executed another round of share repurchases as part of its previously announced buyback program. On June 19, 2025, the company acquired approximately 1.06 million shares across multiple trading venues for cancellation. The purchases were split between UK and European markets, with 578,000 shares bought on London-based platforms at prices ranging from £26.81 to £27.03, and about 487,000 shares acquired on European exchanges at prices between €31.51 and €31.81.

This activity represents the continuing execution of Shell's buyback strategy announced on May 2, 2025, which is scheduled to run through July 25, 2025. The program is being independently managed by BNP PARIBAS SA and includes both on-market and off-market components, operating within pre-established parameters and regulatory frameworks.

Share buybacks typically benefit remaining shareholders by reducing the number of outstanding shares, which can improve earnings per share metrics and potentially support share price. For energy majors like Shell, buybacks often signal management's confidence in the company's financial position and cash flow generation capability. This repurchase activity continues Shell's capital return strategy, complementing its dividend program as a method of returning value to shareholders.

Transaction in Own Shares

19 June, 2025

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Shell plc (the ‘Company’) announces that on 19 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
19/06/2025	394,246	£27.0250	£26.8100	£26.9310	LSE	GBP
19/06/2025	97,737	£27.0250	£26.8100	£26.9260	Chi-X (CXE)	GBP
19/06/2025	86,017	£27.0200	£26.8100	£26.9293	BATS (BXE)	GBP
19/06/2025	306,708	€31.8100	€31.5050	€31.6593	XAMS	EUR
19/06/2025	139,418	€31.8100	€31.5300	€31.6585	CBOE DXE	EUR
19/06/2025	40,874	€31.8050	€31.5300	€31.6513	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 19

FAQ

How many shares did Shell (SHEL) repurchase on June 19, 2025?

Shell repurchased approximately 578,000 shares on London exchanges (LSE, Chi-X, and BATS) and 487,000 shares on European exchanges (XAMS, CBOE DXE, and TQEX)

What was the price range for Shell's share buyback on June 19, 2025?

On London exchanges, shares were purchased between £26.81 and £27.025, while on European exchanges, the price range was €31.505 to €31.81

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

BNP PARIBAS SA is managing the trading decisions independently from May 2, 2025 until July 25, 2025

When was Shell's current share buyback programme announced?

Shell's current share buyback programme was announced on May 2, 2025