Transaction in Own Shares

Rhea-AI Summary

Shell plc announced share repurchases conducted on June 12, 2025, as part of its existing buyback program announced on May 2, 2025. The company purchased a total of 1,218,000 shares across multiple venues: 572,000 shares on London venues (LSE, Chi-X, BATS) at prices between £25.9450-£26.1400, and 646,000 shares on European venues (XAMS, CBOE DXE, TQEX) at prices between €30.6200-€30.9500. BNP PARIBAS SA is managing the trading decisions independently until July 25, 2025, operating within pre-set parameters for both on-market and off-market purchases in accordance with UK and EU regulations.

Positive

• Continued execution of share buyback program demonstrates strong capital return commitment to shareholders
• Multi-venue purchase strategy across UK and European markets shows efficient execution
• Independent management by BNP PARIBAS SA ensures compliance and market best practices

Negative

• Share repurchases reduce company's cash reserves
• Buyback spending might limit funds available for operational investment or growth opportunities

Insights

Corporate Finance Specialist

Shell continues its share buyback program, repurchasing over 1.2 million shares across multiple exchanges as part of its previously announced plan.

Shell plc's latest share repurchase disclosure reveals the company bought back approximately 1.22 million shares on June 12, 2025, across multiple trading venues. This activity is part of Shell's ongoing buyback program previously announced on May 2, 2025, which is scheduled to continue until July 25, 2025.

Breaking down the transactions, Shell purchased 572,000 shares on UK exchanges at prices ranging from £25.95 to £26.14, with a volume-weighted average price of about £26.06. On European exchanges, the company acquired approximately 646,000 shares at prices between €30.62 and €30.95, with average prices around €30.76.

This share repurchase program operates through both on-market and off-market mechanisms, with BNP PARIBAS SA making independent trading decisions within pre-established parameters. The buyback adheres to UK Listing Rules, EU and UK Market Abuse Regulations, and related delegated regulations.

Share buybacks typically benefit existing shareholders by reducing the number of outstanding shares, which can increase earnings per share and potentially support share prices. For Shell, this represents a continuation of its capital return strategy, using available cash to reduce share count rather than holding excess capital or directing it toward additional investments.

Transaction in Own Shares

12 June, 2025

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Shell plc (the ‘Company’) announces that on 12 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
12/06/2025	440,806	£26.1400	£25.9450	£26.0634	LSE	GBP
12/06/2025	84,018	£26.1400	£25.9450	£26.0604	Chi-X (CXE)	GBP
12/06/2025	47,176	£26.1400	£25.9650	£26.0557	BATS (BXE)	GBP
12/06/2025	373,634	€30.9500	€30.6200	€30.7610	XAMS	EUR
12/06/2025	224,006	€30.8800	€30.6250	€30.7524	CBOE DXE	EUR
12/06/2025	48,360	€30.8700	€30.6450	€30.7365	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 12

FAQ

How many shares did Shell (SHEL) purchase on June 12, 2025?

Shell purchased a total of 1,218,000 shares across different venues - 572,000 shares on London venues and 646,000 shares on European venues.

What was the price range for Shell's share buyback on June 12, 2025?

On London venues, shares were purchased between £25.9450-£26.1400, while on European venues the price range was €30.6200-€30.9500.

When will Shell's current buyback program end?

The current buyback program, managed by BNP PARIBAS SA, will run until July 25, 2025.

Which trading venues did Shell use for its share repurchases?

Shell purchased shares across six venues: LSE, Chi-X (CXE), BATS (BXE) in the UK, and XAMS, CBOE DXE, and TQEX in Europe.

Who is managing Shell's share buyback program?

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