Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has executed another phase of its share buyback program on August 27, 2025, purchasing shares across multiple trading venues. The company bought 800,000 shares on London-based venues (LSE, Chi-X, and BATS) at prices ranging from £27.01 to £27.29, and 781,534 shares on European venues (XAMS and CBOE DXE) at prices between €31.43 and €31.75.

This purchase is part of Shell's broader buyback programme announced on July 31, 2025, which will continue until October 24, 2025. HSBC Bank plc is managing the trading decisions independently, executing both on-market and off-market purchases within pre-set parameters.

Positive

• Share buyback demonstrates strong financial position and commitment to return value to shareholders
• Multiple trading venue approach ensures efficient execution and broad market coverage
• Independent management by HSBC Bank ensures transparent and regulated buyback execution

Negative

• Capital expenditure on buybacks reduces funds available for operational investment or debt reduction

Insights

Financial Analyst

Shell continues executing its previously announced share buyback program, repurchasing over 1.5 million shares across multiple venues.

Shell plc has continued implementing its share repurchase program announced on July 31, 2025, buying back 1,581,534 shares across multiple trading venues on August 27. The company purchased 800,000 shares on London-based exchanges at prices ranging from £27.01 to £27.29, with a volume-weighted average price of approximately £27.17. Additionally, Shell acquired 781,534 shares on European exchanges at prices between €31.44 and €31.75.

This repurchase activity represents ongoing execution of Shell's previously announced buyback program that will continue through October 24, 2025. The program consists of both on-market and off-market components, with HSBC Bank making independent trading decisions within preset parameters. Share buybacks typically signal management's confidence in the company's intrinsic value and financial health, while reducing outstanding shares increases earnings per share for remaining shareholders.

The repurchase program operates under strict regulatory frameworks including UK Listing Rules, Market Abuse Regulations, and relevant Brexit transition legislation. This systematic capital return mechanism complements Shell's dividend strategy, creating a two-pronged approach to returning value to shareholders. For investors, continued execution of the buyback program provides certainty around capital allocation priorities and demonstrates Shell's commitment to its previously announced shareholder return framework.

Transaction in Own Shares   

27 August, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 27 August, 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
27/08/2025	387,705	£27.2950	£27.0100	£27.1700	LSE	GBP
27/08/2025	199,344	£27.2950	£27.0100	£27.1688	Chi-X (CXE)	GBP
27/08/2025	212,951	£27.2950	£27.0100	£27.1611	BATS (BXE)	GBP
27/08/2025	444,543	€31.7500	€31.4350	€31.6307	XAMS	EUR
27/08/2025	336,991	€31.7500	€31.4400	€31.6263	CBOE DXE	EUR
27/08/2025	-	-	-	-	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) 20250827

FAQ

How many shares did Shell (SHEL) purchase on August 27, 2025?

Shell purchased a total of 1,581,534 shares across multiple venues - 800,000 shares on London-based venues (LSE, Chi-X, and BATS) and 781,534 shares on European venues (XAMS and CBOE DXE).

What is the duration of Shell's current share buyback program?

The current share buyback program runs from July 31, 2025 to October 24, 2025, with HSBC Bank plc making independent trading decisions during this period.

What was the price range for Shell's share purchases on August 27, 2025?

On London venues, shares were purchased between £27.01 and £27.29, while on European venues, the price range was €31.43 to €31.75.

Who manages Shell's share buyback program?

HSBC Bank plc manages the trading decisions independently of Shell, executing both on-market and off-market purchases within pre-set parameters.

What regulations govern Shell's share buyback program?

The program is conducted under UK Listing Rules Chapter 9, EU and UK Market Abuse Regulation (MAR), and related delegated regulations, including post-Brexit adaptations.