Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) purchased and cancelled a total of 1,498,917 shares on 15 October 2025 across multiple trading venues.

Aggregated trades: 382,398 shares on LSE (VWAP £26.9150), 174,514 on Chi-X (VWAP £26.9106), 217,005 on BATS (VWAP £26.9143), 378,276 on XAMS (VWAP €31.0235) and 346,724 on CBOE DXE (VWAP €31.0204). Purchases were made under the company’s buy-back programme announced 31 July 2025 and executed by HSBC Bank plc within preset parameters; trades are stated to be in accordance with EU MAR and UK MAR.

Positive

• 1,498,917 shares purchased and cancelled on 15 October 2025
• Buy-back executed across five trading venues, showing program reach
• Trades executed under pre-set parameters by HSBC Bank plc

Negative

• Purchases executed at VWAPs around £26.91 and €31.02, representing immediate cash outflow
• No aggregate spend or percentage of issued share capital disclosed, limiting shareholder impact clarity

Insights

Capital markets analyst

Shell executed share repurchases across multiple venues on 15/10/2025, reducing equity and returning capital under its existing programme.

Shell purchased a total of 1,498,917 shares for cancellation on 15/10/2025 across listed venues, with per‑venue volume weighted average prices of £26.9150, £26.9106, £26.9143, €31.0235 and €31.0204 respectively on LSE, Chi‑X, BATS, XAMS and CBOE DXE. These purchases form part of the on‑ and off‑market limbs of the buyback programme that runs from 31/07/2025 to 24/10/2025, with HSBC Bank plc executing trades independently within pre‑set parameters.

The business mechanism is straightforward: the company is cancelling repurchased ordinary shares which reduces share count and returns capital to shareholders under an authorised programme. Key dependencies and risks stem from the programme's prescribed parameters and legal framework; trades must comply with Chapter 9 of the UK Listing Rules and UK MAR/EU MAR requirements described, and execution is delegated to HSBC for the stated period. Concrete items to watch in the near term include the remaining window of the programme through 24/10/2025, any further aggregated purchase notices showing scale or pace, and whether the company announces continuation or expansion of the programme after that date.

Transaction in Own Shares   

15 October, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 15 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
15/10/2025	382,398	£27.0200	£26.8000	£26.9150	LSE	GBP
15/10/2025	174,514	£27.0050	£26.8000	£26.9106	Chi-X (CXE)	GBP
15/10/2025	217,005	£27.0000	£26.8000	£26.9143	BATS (BXE)	GBP
15/10/2025	378,276	€31.1350	€30.8600	€31.0235	XAMS	EUR
15/10/2025	346,724	€31.1350	€30.8600	€31.0204	CBOE DXE	EUR
15/10/2025	-	-	-	-	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) 20251015

FAQ

How many shares did Shell (SHEL) buy back and cancel on 15 October 2025?

Shell purchased and cancelled 1,498,917 shares on 15 October 2025 across multiple venues.

At what prices did Shell (SHEL) execute the 15 October 2025 buybacks?

VWAPs reported were approximately £26.9150 (LSE/UK venues) and €31.0235 (European venues) on 15 October 2025.

Were the 15 October 2025 buybacks by Shell (SHEL) part of an existing programme?

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

Who executed the Shell (SHEL) buyback trades on 15 October 2025?

HSBC Bank plc made the trading decisions and executed the trades within preset parameters up to 24 October 2025.

Do the 15 October 2025 buybacks reduce Shell (SHEL) issued share capital?

Yes. The announcement states the purchased shares were acquired for cancellation, which reduces issued share capital.