Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has announced its latest share buyback transaction completed on September 12, 2025. The company purchased a total of 1,600,000 shares across multiple trading venues, including LSE, Chi-X, BATS, XAMS, and CBOE DXE.

The shares were purchased at varying prices, with LSE transactions ranging from £26.30 to £26.63 per share, and European venue transactions ranging from €30.57 to €30.95. This buyback is part of Shell's previously announced share repurchase programme from July 31, 2025, which will continue until October 24, 2025, managed independently by HSBC Bank plc.

The programme operates under both on-market and off-market parameters, complying with UK Listing Rules and Market Abuse Regulations.

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 ensures market integrity and compliance

Negative

• Capital expenditure on buybacks reduces cash available for operational investments

Insights

Financial Analyst

Shell continues its share buyback program, repurchasing 1.6 million shares across multiple trading venues as part of its capital return strategy.

Shell's latest share repurchase disclosure reveals the company bought back approximately 1.6 million shares on September 12 across multiple trading venues - acquiring 800,000 shares on UK platforms (LSE, Chi-X, BATS) at average prices around £26.41 and another 800,000 shares on European exchanges at roughly €30.69. These repurchases are part of Shell's previously announced buyback program from July 31, scheduled to run through October 24, 2025.

This systematic capital return mechanism has significant implications. Each repurchased share is being cancelled rather than held as treasury stock, directly reducing Shell's outstanding share count. This share reduction mathematically increases each remaining shareholder's ownership percentage while potentially enhancing earnings per share metrics over time.

The buyback is being executed through a structured arrangement with HSBC Bank making independent trading decisions within pre-set parameters, demonstrating Shell's commitment to systematic capital return while maintaining regulatory compliance. The combination of on-market and off-market purchase methods provides Shell flexibility in execution while adhering to UK Listing Rules, Market Abuse Regulations, and other relevant frameworks.

Shell's continued share repurchases signal management's confidence in the company's financial position and underlying value proposition, typically viewed positively as it returns excess capital to shareholders rather than pursuing potentially less valuable alternative uses of cash.

Transaction in Own Shares   

12 September, 2025

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Shell plc (the ‘Company’) announces that on 12 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
12/09/2025	355,485	£26.6300	£26.3000	£26.4208	LSE	GBP
12/09/2025	189,123	£26.6300	£26.3000	£26.4212	Chi-X (CXE)	GBP
12/09/2025	255,392	£26.6250	£26.3000	£26.4120	BATS (BXE)	GBP
12/09/2025	496,182	€30.9550	€30.5700	€30.7007	XAMS	EUR
12/09/2025	303,818	€30.9450	€30.5700	€30.6828	CBOE DXE	EUR
12/09/2025	-	-	-	-	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) 20250912

FAQ

How many shares did Shell (SHEL) purchase on September 12, 2025?

Shell purchased a total of 1,600,000 shares across multiple trading venues, including 355,485 shares on LSE, 189,123 on Chi-X, 255,392 on BATS, 496,182 on XAMS, and 303,818 on CBOE DXE.

What is the price range for Shell's share buyback on September 12, 2025?

On the LSE, shares were purchased between £26.30 and £26.63, with a volume-weighted average price of £26.42. On European venues, prices ranged from €30.57 to €30.95.

When will Shell's current share buyback program end?

The current share buyback program, which began on July 31, 2025, will continue until October 24, 2025.

Who manages Shell's share buyback program?

HSBC Bank plc independently manages the trading decisions for Shell's share buyback program.

What regulations govern Shell's share buyback program?

The program is conducted in accordance with Chapter 9 of the UK Listing Rules, Article 5 of the Market Abuse Regulation (EU MAR), UK MAR, and the Commission Delegated Regulation.