Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has executed significant share repurchases across multiple trading venues on September 16, 2025, as part of its previously announced buyback program. The company purchased a total of 647,594 shares in GBP across LSE, Chi-X, and BATS venues, with prices ranging from £26.1650 to £26.4000. Additionally, 651,514 shares were acquired in EUR through XAMS and CBOE DXE platforms at prices between €30.3400 and €30.6350.

The purchases are part of Shell's share buy-back 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 transactions in accordance with pre-set parameters and regulatory requirements.

Positive

• Continued execution of share buyback program demonstrates strong commitment to returning value to shareholders
• Multiple trading venue approach ensures efficient price discovery and liquidity
• Independent management by HSBC Bank provides transparency and market compliance

Negative

• Capital expenditure on share buybacks reduces cash available for operational investments
• Share repurchases may limit financial flexibility in volatile market conditions

Transaction in Own Shares   

16 September, 2025

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Shell plc (the ‘Company’) announces that on 16 September, 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
16/09/2025	366,984	£26.4000	£26.1650	£26.2871	LSE	GBP
16/09/2025	40,512	£26.3700	£26.1800	£26.2307	Chi-X (CXE)	GBP
16/09/2025	240,098	£26.4000	£26.1650	£26.2940	BATS (BXE)	GBP
16/09/2025	372,052	€30.6350	€30.3400	€30.4853	XAMS	EUR
16/09/2025	279,462	€30.6350	€30.3400	€30.4848	CBOE DXE	EUR
16/09/2025	-	-	-	-	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) 20250916

FAQ

How many shares did Shell (SHEL) purchase on September 16, 2025?

Shell purchased a total of 1,299,108 shares across multiple venues - 647,594 shares in GBP (LSE, Chi-X, BATS) and 651,514 shares in EUR (XAMS, 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.

What was the price range for Shell's share purchases on September 16, 2025?

In GBP, shares were purchased between £26.1650 and £26.4000. In EUR, the price range was €30.3400 to €30.6350.

Who manages Shell's share buyback program?

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

What trading venues did Shell use for its share purchases?

Shell purchased shares across five venues: LSE, Chi-X (CXE), and BATS (BXE) in GBP, and XAMS and CBOE DXE in EUR.