Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has executed another phase of its share buyback program on August 21, 2025, purchasing shares across multiple trading venues. The company acquired 597,431 shares in GBP across LSE, Chi-X, and BATS venues, and 500,000 shares in EUR across XAMS and CBOE DXE venues.

The purchases are part of Shell's buyback programme announced on July 31, 2025, which will continue until October 24, 2025. HSBC Bank plc is managing the trading decisions independently, operating within pre-set parameters for both on-market and off-market transactions, in compliance with UK Listing Rules and Market Abuse Regulations.

Insights

Financial Analyst

Shell continues executing its share repurchase program, buying back 1,097,431 shares across multiple trading venues on August 21.

Shell's latest share repurchase activity represents continued execution of the buyback program announced on July 31, 2025. The company purchased 597,431 shares on the London Stock Exchange and related venues at prices ranging from £26.67 to £26.83, with volume-weighted average prices around £26.76. An additional 500,000 shares were purchased on European exchanges at prices between €30.94 and €31.10.

This activity forms part of Shell's structured buyback framework where HSBC makes independent trading decisions within pre-set parameters until October 24, 2025. The purchases were executed through both on-market and off-market mechanisms, adhering to UK Listing Rules, EU and UK Market Abuse Regulations.

Share repurchases typically benefit shareholders by reducing outstanding share count, which can increase earnings per share and potentially support share prices. For Shell specifically, these buybacks represent a capital return strategy that complements its dividend program. The structured nature of the program—with an independent financial institution making trading decisions—helps ensure market-sensitive execution while maintaining regulatory compliance.

While the exact monetary value isn't specified in the release, based on the average prices paid, this single day's repurchase activity represents an approximate £16 million investment in GBP-denominated shares and €15.5 million in EUR-denominated shares. This systematic return of capital to shareholders demonstrates management's continued confidence in Shell's financial position and cash flow generation capability.

Transaction in Own Shares   

21 August, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 21 August, 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
21/08/2025	266,073	£26.8350	£26.6750	£26.7633	LSE	GBP
21/08/2025	180,953	£26.8300	£26.6750	£26.7620	Chi-X (CXE)	GBP
21/08/2025	150,405	£26.8300	£26.6750	£26.7604	BATS (BXE)	GBP
21/08/2025	293,826	€31.1000	€30.9400	€31.0465	XAMS	EUR
21/08/2025	206,174	€31.1000	€30.9400	€31.0397	CBOE DXE	EUR
21/08/2025	-	-	-	-	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) 20250821

FAQ

How many shares did Shell (SHEL) purchase on August 21, 2025?

Shell purchased a total of 1,097,431 shares across different venues - 597,431 shares in GBP (LSE, Chi-X, BATS) and 500,000 shares in EUR (XAMS, CBOE DXE).

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

The current buyback program runs from July 31, 2025 to October 24, 2025, with HSBC Bank plc making independent trading decisions.

What was the price range for Shell's share purchases on August 21, 2025?

On LSE, shares were purchased between £26.6750 and £26.8350, while on European venues, the price range was €30.9400 to €31.1000.

Who manages Shell's share buyback program?

HSBC Bank plc manages the trading decisions independently of Shell, operating within pre-set parameters for both on-market and off-market transactions.

What regulations govern Shell's share buyback program?

The program is conducted under UK Listing Rules Chapter 9, EU and UK Market Abuse Regulations (MAR), and related Commission Delegated Regulations.