Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has executed significant share repurchases across multiple trading venues on July 25, 2025, as part of its previously announced buyback programme. The company purchased a total of 875,711 shares across LSE, Chi-X, and BATS in GBP, with prices ranging from £26.4650 to £26.7600. Additionally, 819,071 shares were acquired across XAMS, CBOE DXE, and TQEX in EUR, with prices ranging from €30.4800 to €30.8700.

The purchases are part of Shell's share buy-back programme announced on May 2, 2025, with BNP PARIBAS SA managing the trading decisions independently until July 25, 2025. The programme includes both on-market and off-market components, conducted in accordance with UK Listing Rules and Market Abuse Regulations.

Positive

• Implementation of substantial share buyback program across multiple trading venues
• Strategic reduction of share count to potentially enhance shareholder value
• Execution of trades at relatively stable price ranges, indicating careful management of the buyback program

Negative

• Significant cash expenditure on share repurchases could impact available capital for other investments
• Complex regulatory compliance requirements across multiple jurisdictions

News Market Reaction – SHEL

-0.54%

1 alert

-0.54% News Effect

On the day this news was published, SHEL declined 0.54%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Transaction in Own Shares

25 July, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 25 July, 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
25/07/2025	631,347	£26.7600	£26.4650	£26.6486	LSE	GBP
25/07/2025	158,149	£26.7600	£26.4650	£26.6817	Chi-X (CXE)	GBP
25/07/2025	86,215	£26.7600	£26.4650	£26.6888	BATS (BXE)	GBP
25/07/2025	481,359	€30.8700	€30.4800	€30.7186	XAMS	EUR
25/07/2025	299,614	€30.8650	€30.4850	€30.7302	CBOE DXE	EUR
25/07/2025	38,098	€30.8550	€30.6900	€30.7777	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 07 25

FAQ

How many shares did Shell (SHEL) repurchase on July 25, 2025?

Shell purchased a total of 1,694,782 shares across multiple venues - 875,711 shares in GBP (LSE, Chi-X, BATS) and 819,071 shares in EUR (XAMS, CBOE DXE, TQEX).

What was the price range for Shell's share buyback on July 25, 2025?

In GBP, shares were purchased between £26.4650 and £26.7600. In EUR, the price range was €30.4800 to €30.8700.

Who is managing Shell's buyback program and for how long?

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

What regulations govern Shell's share buyback program?

The program is governed by UK Listing Rules Chapter 9, EU and UK Market Abuse Regulation 596/2014/EU, and the Commission Delegated Regulation (EU) 2016/1052.

How is Shell's share buyback program structured?

The program includes both on-market and off-market components, with the on-market portion operating within pre-set parameters and the off-market portion following shareholder-approved buyback contracts.