Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) purchased a total of 1,650,000 shares for cancellation on 14 October 2025 across multiple trading venues.

Breakdown by venue: LSE 386,674 shares (VWAP £26.8568), Chi-X 174,493 (VWAP £26.8318), BATS 263,833 (VWAP £26.8575), XAMS 426,354 (VWAP €30.9232) and CBOE DXE 398,646 (VWAP €30.9186). Highest prices paid were £27.01 and €31.095.

These purchases form part of Shell's on- and off-market buy-back programme announced 31 July 2025, with HSBC Bank plc executing trades independently for the programme through 24 October 2025.

Positive

• 1,650,000 shares purchased for cancellation on 14/10/2025
• Buy-back executed across multiple venues: LSE, Chi-X, BATS, XAMS, CBOE DXE
• Transactions are part of the existing buy-back programme announced 31 July 2025
• HSBC Bank plc will trade independently on behalf of Shell through 24 October 2025

Negative

• Highest price paid reached £27.0100 and €31.0950
• Purchases executed at varying VWAPs: GBP ~£26.85 and EUR ~€30.92

Insights

Corporate Finance Analyst

Shell repurchased 1,650,000 shares for cancellation on 14 October, 2025, via multiple EU/UK venues under its buy‑back programme.

Shell plc executed on‑market and off‑market purchases across LSE, Chi‑X, BATS, XAMS and CBOE DXE on 14 October, 2025. The disclosed trades total 1,650,000 shares: 386,674 (LSE) at a VWAP of £26.8568, 174,493 (Chi‑X) at £26.8318, 263,833 (BATS) at £26.8575, 426,354 (XAMS) at a VWAP of €30.9232, and 398,646 (CBOE DXE) at €30.9186. The transactions form part of the share buy‑back programme authorised on 31 July 2025 and run through 24 October 2025, with HSBC Bank plc making independent trading decisions within pre‑set parameters.

The business mechanism reduces outstanding shares via cancellation, which can increase per‑share metrics if earnings remain unchanged. Key dependencies and constraints are the programme’s remaining authorization, the independent trading mandate given to HSBC Bank plc, and compliance with UK MAR and the EU MAR Delegated Regulation as on‑shored into UK law. Watch the aggregate progress of the programme and any future aggregate totals or changes to the repurchase window through 24 October 2025; those items determine how material the buyback will be to per‑share metrics over the near term.

Transaction in Own Shares   

14 October, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 14 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
14/10/2025	386,674	£27.0100	£26.6600	£26.8568	LSE	GBP
14/10/2025	174,493	£27.0100	£26.6600	£26.8318	Chi-X (CXE)	GBP
14/10/2025	263,833	£27.0050	£26.6600	£26.8575	BATS (BXE)	GBP
14/10/2025	426,354	€31.0950	€30.6950	€30.9232	XAMS	EUR
14/10/2025	398,646	€31.0950	€30.6950	€30.9186	CBOE DXE	EUR
14/10/2025	-	-	-	-	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) 20251014

FAQ

How many shares did Shell (SHEL) buy and cancel on 14 October 2025?

Shell bought and cancelled a total of 1,650,000 shares on 14 October 2025.

What were the VWAPs Shell (SHEL) paid on 14/10/2025 across GBP and EUR venues?

Reported VWAPs were approximately £26.85 on GBP venues and €30.92 on EUR venues.

Which trading venues did Shell (SHEL) use for the 14 October 2025 buy-back?

Trades on 14 October 2025 were executed on LSE, Chi-X (CXE), BATS (BXE), XAMS and CBOE DXE.

Is the 14 October 2025 share purchase part of an existing buy-back programme for Shell (SHEL)?

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

Who executed the buy-back trades for Shell (SHEL) and until when will they trade independently?

HSBC Bank plc executed the trades on Shell's behalf and will make trading decisions independently through 24 October 2025.

What were the highest and lowest prices paid by Shell (SHEL) on 14 October 2025?

Highest prices paid were £27.0100 and €31.0950; lowest prices reported were £26.6600 and €30.6950.