Transaction in Own Shares

Rhea-AI Summary

Shell plc announced a share buyback transaction on June 13, 2025, as part of its existing share repurchase program announced on May 2, 2025. The company purchased a total of 1,372,000 shares across multiple venues: 702,000 shares in GBP on LSE, Chi-X, and BATS, and 670,000 shares in EUR on XAMS, CBOE DXE, and TQEX. The highest price paid was £26.9950 on LSE and €31.8000 on XAMS. BNP PARIBAS SA is managing the trading decisions independently until July 25, 2025, with both on-market and off-market components following preset parameters and regulatory requirements.

Positive

• Share buyback program demonstrates confidence in company's financial position and commitment to returning value to shareholders
• Multi-venue execution strategy suggests efficient price discovery and liquidity management
• Program is well-structured with independent management by BNP PARIBAS SA, ensuring market compliance and transparency

Negative

• Share buybacks reduce company's cash reserves that could be used for operational growth or investments
• Program may limit financial flexibility during market uncertainties

Insights

Financial Analyst

Shell continues executing its announced share buyback program with purchase of over 1.3M shares across multiple venues.

Shell has repurchased approximately 1.37 million shares across various trading venues as part of its ongoing buyback program. The company acquired 702,000 shares on London-based exchanges at prices between £26.19 and £26.99, with a volume-weighted average price of about £26.45 per share. Additionally, Shell purchased about 670,000 shares on European exchanges at prices ranging from €30.94 to €31.80.

This activity is part of Shell's share repurchase program previously announced on May 2, 2025, which will continue through July 25, 2025. BNP PARIBAS SA is executing these trades independently within pre-established parameters. The program operates through both on-market and off-market mechanisms in compliance with UK Listing Rules, EU and UK Market Abuse Regulations.

Share buybacks typically benefit shareholders by reducing the number of outstanding shares, which can increase earnings per share and potentially support share price. For Shell specifically, this consistent repurchasing activity demonstrates management's commitment to returning capital to shareholders and confidence in the company's cash generation capabilities. The buyback program represents a significant component of Shell's capital allocation strategy alongside its dividend policy.

Transaction in Own Shares

13 June, 2025

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Shell plc (the ‘Company’) announces that on 13 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
13/06/2025	548,032	£26.9950	£26.1850	£26.4585	LSE	GBP
13/06/2025	106,312	£26.7350	£26.1900	£26.3975	Chi-X (CXE)	GBP
13/06/2025	47,656	£26.7350	£26.1900	£26.3672	BATS (BXE)	GBP
13/06/2025	521,428	€31.8000	€30.9400	€31.2709	XAMS	EUR
13/06/2025	130,720	€31.7500	€30.9600	€31.1872	CBOE DXE	EUR
13/06/2025	17,852	€31.5450	€31.0000	€31.1994	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 13

FAQ

How many shares did Shell (SHEL) buy back on June 13, 2025?

Shell purchased a total of 1,372,000 shares across multiple venues, including 702,000 shares in GBP and 670,000 shares in EUR.

What was the highest price paid for Shell shares in the June 13, 2025 buyback?

The highest price paid was £26.9950 on the London Stock Exchange (LSE) and €31.8000 on the Amsterdam Exchange (XAMS).

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

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

What is the purpose of Shell's share buyback program?

The program aims to return value to shareholders through share repurchases, executed through both on-market and off-market transactions.

How is Shell's share buyback program regulated?

The program is conducted under UK Listing Rules, EU MAR, UK MAR, and related delegated regulations, ensuring compliance with market abuse prevention rules.