Transaction in Own Shares
Rhea-AI Summary
Shell (SHEL) purchased shares for cancellation on 21 November 2025 as part of its ongoing buy-back programme announced 30 October 2025. Purchases by venue: 749,814 shares on LSE at a volume-weighted average price of £27.7761 and 748,549 shares on XAMS at a volume-weighted average price of €31.6612.
The programme is being executed by Merrill Lynch International independently for the period 30 October 2025–30 January 2026, and will be conducted under UK MAR and related rules.
Positive
- 749,814 shares bought on LSE at VWAP £27.7761
- 748,549 shares bought on XAMS at VWAP €31.6612
- Buy-back executed by Merrill Lynch International under independent mandate (30/10/2025–30/01/2026)
Negative
- Price variance across venues: LSE VWAP £27.7761 vs XAMS VWAP €31.6612
News Market Reaction
On the day this news was published, SHEL gained 0.08%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Transaction in Own Shares
21 November, 2025
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 21 November, 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 |
| 21/11/2025 | 749,814 | 27.9000 | 27.6050 | 27.7761 | LSE | GBP |
| 21/11/2025 | - | - | - | - | Chi-X (CXE) | GBP |
| 21/11/2025 | - | - | - | - | BATS (BXE) | GBP |
| 21/11/2025 | 748,549 | 31.8100 | 31.4250 | 31.6612 | XAMS | EUR |
| 21/11/2025 | - | - | - | - | CBOE DXE | EUR |
| 21/11/2025 | - | - | - | - | 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 30 October 2025.
In respect of this programme, Merrill Lynch International will make trading decisions in relation to the securities independently of the Company for a period from 30 October 2025 up to and including 30 January 2026.
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 Merrill Lynch International 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
Attachment
FAQ
How many shares did Shell (SHEL) purchase on 21 November 2025?
What were the volume-weighted average prices for SHEL purchases on 21 November 2025?
Who is executing Shell's buy-back programme (SHEL) and what are the dates?
Is Shell's (SHEL) buy-back being conducted under market rules?
Which trading venues did Shell (SHEL) report purchases on for 21 November 2025?
