Transaction in Own Shares

Rhea-AI Summary

Shell plc announced a share buyback transaction on June 17, 2025, as part of its existing share repurchase program announced on May 2, 2025. The company purchased a total of 1,095,000 shares across multiple venues: 563,000 shares on London exchanges (LSE, Chi-X, BATS) at prices between £26.21-£26.67, and 532,000 shares on European exchanges (XAMS, CBOE DXE, TQEX) at prices between €30.93-€31.42. BNP PARIBAS SA is managing the trading decisions independently until July 25, 2025, conducting both on-market and off-market purchases in accordance with UK Listing Rules, Market Abuse Regulations, and other relevant regulatory frameworks.

Positive

• Shell demonstrates strong financial position by continuing its share buyback program
• The buyback program reduces the number of outstanding shares, potentially increasing earnings per share
• Multiple trading venues utilized for efficient price execution and liquidity

Negative

• Significant cash expenditure on share repurchases could limit funds available for other investments
• Share buybacks might indicate limited growth opportunities for capital deployment

Insights

Financial Analyst

Shell continues its previously announced share buyback program, repurchasing 1.1 million shares across multiple venues.

Shell plc has executed another round of share repurchases as part of its ongoing buyback program announced on May 2, 2025. On June 17, the company bought back approximately 1.1 million shares across multiple trading venues for cancellation. The company purchased 563,000 shares on London exchanges at prices ranging from £26.21 to £26.67, with a volume-weighted average price of about £26.55 per share. Additionally, Shell acquired 532,000 shares on European exchanges at prices between €30.93 and €31.42, averaging approximately €31.31 per share.

This repurchase activity represents continued execution of Shell's capital return strategy to shareholders. The current buyback program is scheduled to run through July 25, 2025, with BNP PARIBAS SA making independent trading decisions within pre-established parameters. The program operates under both on-market and off-market mechanisms, complying with UK Listing Rules, EU and UK Market Abuse Regulations.

Share buybacks typically benefit shareholders by reducing the number of outstanding shares, which can increase earnings per share and potentially support share prices. For a company of Shell's size, this particular day's repurchase volume represents a modest fraction of its total market capitalization but demonstrates the company's commitment to returning capital to shareholders as previously communicated in its May announcement.

Transaction in Own Shares

17 June, 2025

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Shell plc (the ‘Company’) announces that on 17 June, 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
17/06/2025	440,626	£26.6650	£26.2100	£26.5492	LSE	GBP
17/06/2025	68,597	£26.6550	£26.3000	£26.5674	Chi-X (CXE)	GBP
17/06/2025	53,777	£26.6650	£26.2650	£26.5731	BATS (BXE)	GBP
17/06/2025	322,092	€31.4200	€30.9300	€31.3039	XAMS	EUR
17/06/2025	172,300	€31.4150	€30.9750	€31.3076	CBOE DXE	EUR
17/06/2025	37,608	€31.4150	€31.1200	€31.3337	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 06 17

FAQ

How many shares did Shell (SHEL) purchase on June 17, 2025?

Shell purchased a total of 1,095,000 shares across various trading venues, including 563,000 shares on London exchanges and 532,000 shares on European exchanges.

What is the price range for Shell's share buyback on June 17, 2025?

On London exchanges, shares were purchased between £26.21-£26.67, while on European exchanges, the price range was €30.93-€31.42.

When will Shell's current share buyback program end?

The current share buyback program, managed by BNP PARIBAS SA, will continue until July 25, 2025.

Who makes the trading decisions for Shell's share buyback program?

BNP PARIBAS SA makes trading decisions independently of Shell for the share buyback program from May 2, 2025, to July 25, 2025.

What regulations govern Shell's share buyback program?

The program is conducted in accordance with UK Listing Rules, EU and UK Market Abuse Regulations (MAR), and the Commission Delegated Regulation.