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Transaction in Own Shares

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Shell plc (SHEL) has executed a significant share buyback transaction on April 16, 2025, as part of its previously announced buyback programme from January 30, 2025. The company purchased:

  • 800,000 shares across LSE, Chi-X, and BATS venues in GBP, with prices ranging from £23.55 to £24.40
  • 450,000 shares across XAMS and CBOE DXE venues in EUR, with prices ranging from €27.70 to €28.59

The buyback program, managed independently by Natixis, will continue until April 25, 2025. The purchases are being conducted through both on-market and off-market mechanisms, following UK Listing Rules, EU MAR, and UK MAR regulations.

Shell plc (SHEL) ha effettuato una significativa operazione di riacquisto di azioni il 16 aprile 2025, nell'ambito del programma di buyback annunciato il 30 gennaio 2025. La società ha acquistato:

  • 800.000 azioni sui mercati LSE, Chi-X e BATS in sterline britanniche, con prezzi compresi tra £23,55 e £24,40
  • 450.000 azioni sui mercati XAMS e CBOE DXE in euro, con prezzi compresi tra €27,70 e €28,59

Il programma di riacquisto, gestito in modo indipendente da Natixis, proseguirà fino al 25 aprile 2025. Gli acquisti vengono effettuati sia tramite meccanismi di mercato che fuori mercato, nel rispetto delle norme UK Listing Rules, EU MAR e UK MAR.

Shell plc (SHEL) ha realizado una importante operación de recompra de acciones el 16 de abril de 2025, como parte de su programa de recompra anunciado el 30 de enero de 2025. La compañía adquirió:

  • 800,000 acciones en las plataformas LSE, Chi-X y BATS en libras esterlinas, con precios entre £23,55 y £24,40
  • 450,000 acciones en las plataformas XAMS y CBOE DXE en euros, con precios entre €27,70 y €28,59

El programa de recompra, gestionado de forma independiente por Natixis, continuará hasta el 25 de abril de 2025. Las compras se realizan mediante mecanismos tanto en mercado como fuera de mercado, cumpliendo con las normas UK Listing Rules, EU MAR y UK MAR.

Shell plc (SHEL)은 2025년 4월 16일, 2025년 1월 30일에 발표된 자사주 매입 프로그램의 일환으로 대규모 자사주 매입 거래를 실행했습니다. 회사는 다음과 같이 매입했습니다:

  • 영국 런던 증권거래소(LSE), Chi-X, BATS에서 800,000주를 GBP로, 가격은 £23.55에서 £24.40 사이
  • XAMS 및 CBOE DXE에서 450,000주를 EUR로, 가격은 €27.70에서 €28.59 사이

자사주 매입 프로그램은 Natixis가 독립적으로 관리하며 2025년 4월 25일까지 계속됩니다. 매입은 온마켓과 오프마켓 방식을 모두 통해 진행되며, UK Listing Rules, EU MAR 및 UK MAR 규정을 준수합니다.

Shell plc (SHEL) a réalisé une opération significative de rachat d’actions le 16 avril 2025, dans le cadre de son programme de rachat annoncé le 30 janvier 2025. La société a acheté :

  • 800 000 actions sur les plateformes LSE, Chi-X et BATS en GBP, avec des prix allant de £23,55 à £24,40
  • 450 000 actions sur les plateformes XAMS et CBOE DXE en EUR, avec des prix allant de €27,70 à €28,59

Le programme de rachat, géré de manière indépendante par Natixis, se poursuivra jusqu’au 25 avril 2025. Les achats sont effectués via des mécanismes sur et hors marché, conformément aux règles UK Listing Rules, EU MAR et UK MAR.

Shell plc (SHEL) hat am 16. April 2025 eine bedeutende Aktienrückkauftransaktion im Rahmen des bereits am 30. Januar 2025 angekündigten Rückkaufprogramms durchgeführt. Das Unternehmen erwarb:

  • 800.000 Aktien an den Handelsplätzen LSE, Chi-X und BATS in GBP, mit Preisen zwischen £23,55 und £24,40
  • 450.000 Aktien an den Handelsplätzen XAMS und CBOE DXE in EUR, mit Preisen zwischen €27,70 und €28,59

Das Rückkaufprogramm, das unabhängig von Natixis verwaltet wird, läuft bis zum 25. April 2025. Die Käufe erfolgen sowohl über Markt- als auch außerbörsliche Mechanismen und unterliegen den UK Listing Rules, EU MAR und UK MAR Vorschriften.

Positive
  • Ongoing share buyback program demonstrates strong capital return commitment to shareholders
  • Substantial single-day purchase of 1.25 million shares indicates aggressive execution of buyback program
Negative
  • None.

Insights

Shell's latest share buyback execution represents another step in their capital return strategy, with the company purchasing 1.25 million shares across multiple trading venues on April 16. The company acquired 800,000 shares across UK venues at prices between £23.55 and £24.40, while purchasing an additional 450,000 shares on European exchanges at prices ranging from €27.70 to €28.59.

Calculating the approximate daily expenditure, Shell spent roughly £19.2 million on UK purchases and €12.7 million on European acquisitions. This represents a total daily commitment of approximately £30 million to reduce their share count.

This transaction is part of Shell's previously announced buyback program running through April 25, 2025, with independent financial institution Natixis executing trades on Shell's behalf. The program features both on-market and off-market components, operating within regulatory frameworks including UK Listing Rules and Market Abuse Regulations.

For shareholders, buybacks generally create value through multiple mechanisms. By reducing the number of outstanding shares, Shell can potentially increase earnings per share even without growing absolute profits. Additionally, buybacks create a price support mechanism by introducing a significant buyer to the market. For a company with Shell's substantial $188 billion market capitalization, this represents a disciplined approach to capital allocation that complements their dividend program.

The continuation of this buyback program signals management's confidence in Shell's financial position and their belief that the current share price represents good value for deploying capital. For investors, this demonstrates Shell's commitment to returning value while maintaining flexibility in their capital allocation strategy.

Transaction in Own Shares

16 April, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 16 April 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
16/04/2025 600,000  £ 24.4000  £ 23.5500  £ 24.0188 LSE GBP
16/04/2025 100,000  £ 24.3950  £ 23.5650  £ 24.0197 Chi-X (CXE) GBP
16/04/2025 100,000  £ 24.3950  £ 23.5650  £ 23.9563 BATS (BXE) GBP
16/04/2025 350,000  € 28.5850  € 27.7000  € 28.2658 XAMS EUR
16/04/2025 100,000  € 28.5850  € 27.6950  € 28.1981 CBOE DXE EUR
16/04/2025 0 - - - 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 January 2025.

In respect of this programme, Natixis will make trading decisions in relation to the securities independently of the Company for a period from 30 January 2025 up to and including 25 April 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 Natixis on behalf of the Company as a part of the buy-back programme is detailed below.

Enquiries

Media International: +44 (0) 207 934 5550

Media Americas: +1 832 337 4335

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment


FAQ

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

Shell purchased a total of 1.25 million shares across multiple trading venues, including 800,000 shares in GBP and 450,000 shares in EUR.

What is the price range for Shell's (SHEL) share buyback on April 16, 2025?

In GBP, shares were purchased between £23.55 and £24.40. In EUR, the price range was €27.70 to €28.59.

When will Shell's (SHEL) current share buyback programme end?

The current share buyback programme is scheduled to end on April 25, 2025.

Who is managing Shell's (SHEL) share buyback programme?

Natixis is independently managing the trading decisions for Shell's share buyback programme.
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