Transaction in Own Shares

Rhea-AI Summary

Shell plc announced a share buyback transaction on May 30, 2025, as part of its previously announced buyback programme. The company purchased a total of 1,658,000 shares across multiple venues: 838,000 shares in GBP on LSE, Chi-X, and BATS, and 820,000 shares in EUR on XAMS, CBOE DXE, and TQEX. The GBP purchases ranged from £24.43 to £24.73, while EUR purchases ranged from €29.20 to €29.58. The buyback is being executed by BNP PARIBAS SA independently from May 2 to July 25, 2025, under both on-market and off-market provisions, following UK Listing Rules and Market Abuse Regulations.

Positive

• Shell demonstrates confidence in its value and commitment to returning capital to shareholders through the buyback program
• The buyback program is well-structured with clear parameters and regulatory compliance
• Multiple trading venues are being utilized for efficient execution of the buyback

Negative

• The share buyback reduces the company's cash reserves that could be used for operational growth or investments
• Share buybacks may limit the company's financial flexibility in case of market downturns

Insights

Financial Markets Specialist

Shell's ongoing share buyback program continues with the repurchase of 1.66 million shares across multiple trading venues.

Shell's latest transaction report reveals the company purchased approximately 1.66 million shares for cancellation on May 30, 2025, as part of its previously announced share buyback program. The purchases were executed across multiple venues, with 838,000 shares acquired on London markets at prices ranging from £24.43 to £24.73, and approximately 820,000 shares purchased on European exchanges at prices between €29.20 and €29.58.

This buyback activity represents the continuation of Shell's capital return strategy announced on May 2, 2025, which will run through July 25, 2025. The program includes both on-market and off-market repurchases, with BNP PARIBAS SA making independent trading decisions within pre-established parameters.

Share buybacks typically benefit investors by reducing the number of outstanding shares, which can increase earnings per share and potentially support share price. For a company of Shell's size, this particular day's repurchase volume represents a modest fraction of their total share count but demonstrates ongoing commitment to their capital return framework.

The disciplined execution across multiple trading venues at relatively tight price ranges suggests a structured approach to minimize market impact while maximizing share retirement efficiency. The buyback operates under strict regulatory frameworks including UK Listing Rules and Market Abuse Regulations, providing governance safeguards for the repurchase process.

Transaction in Own Shares

30 May, 2025

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Shell plc (the ‘Company’) announces that on 30 May, 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
30/05/2025	536,589	£24.7250	£24.4300	£24.5634	LSE	GBP
30/05/2025	190,255	£24.7200	£24.4300	£24.5692	Chi-X (CXE)	GBP
30/05/2025	111,156	£24.7200	£24.4550	£24.5842	BATS (BXE)	GBP
30/05/2025	446,721	€29.5650	€29.2100	€29.3498	XAMS	EUR
30/05/2025	310,537	€29.5750	€29.1950	€29.3435	CBOE DXE	EUR
30/05/2025	62,742	€29.5550	€29.2250	€29.3738	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 05 30

FAQ

How many shares did Shell (SHEL) buy back on May 30, 2025?

Shell purchased a total of 1,658,000 shares across different venues - approximately 838,000 shares in GBP and 820,000 shares in EUR.

What is the duration of Shell's current share buyback program?

The current buyback program runs from May 2, 2025, to July 25, 2025, with BNP PARIBAS SA making independent trading decisions.

What was the price range for Shell's share buyback on May 30, 2025?

In GBP, shares were purchased between £24.43 and £24.73, while EUR purchases ranged from €29.20 to €29.58.

Which trading venues did Shell use for its share buyback?

Shell purchased shares across six venues: LSE, Chi-X (CXE), and BATS (BXE) in GBP, and XAMS, CBOE DXE, and TQEX in EUR.

Who is executing Shell's share buyback program?

BNP PARIBAS SA is executing the buyback program independently of Shell during the specified period.