Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has executed significant share repurchases across multiple trading venues on September 1, 2025, as part of its previously announced buyback programme. The company purchased a total of 497,559 shares on the London exchanges (LSE, Chi-X, and BATS) at prices ranging from £27.0950 to £27.3050, and 500,000 shares on European exchanges (XAMS and CBOE DXE) at prices between €31.4550 and €31.6500.

The purchases are part of Shell's share buy-back programme announced on July 31, 2025, which will continue until October 24, 2025. HSBC Bank plc is managing the trading decisions independently, executing both on-market and off-market purchases within pre-set parameters and in accordance with regulatory requirements.

Positive

• Strategic share buyback program demonstrates confidence in company's financial position
• Multiple trading venue approach ensures efficient price execution and market liquidity
• Independent management by HSBC Bank ensures transparent and compliant execution

Negative

• Capital expenditure on share buybacks reduces cash available for operational investments
• Share repurchases may limit funds available for potential strategic acquisitions or debt reduction

Insights

Corporate Finance Expert

Shell continues its planned share buyback program, repurchasing 997,559 shares across multiple venues as part of its previously announced initiative.

Shell has executed another round of share repurchases under its buyback program that was announced on July 31, 2025. Today's transaction involved acquiring 497,559 shares across UK trading venues at prices ranging between £27.0950 and £27.3050, with a volume-weighted average price of approximately £27.18 per share. Additionally, Shell purchased 500,000 shares on European exchanges at prices between €31.4550 and €31.6500, with an average price around €31.54.

This buyback activity is part of Shell's structured repurchase program that will continue until October 24, 2025, with HSBC Bank making independent trading decisions within pre-established parameters. The initiative includes both on-market purchases (executed within general market authority) and off-market transactions (conducted under shareholder-approved buyback contracts).

Share repurchases typically benefit remaining shareholders by reducing the number of outstanding shares, which can increase earnings per share and potentially support share price. For Shell specifically, this continuation of its buyback program suggests management maintains confidence in the company's financial position and commitment to returning capital to shareholders. The structured nature of the program—with independent execution by HSBC and clear regulatory compliance—provides transparency and predictability to the market regarding Shell's capital allocation strategy through October 2025.

Transaction in Own Shares   

1 September, 2025

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Shell plc (the ‘Company’) announces that on 1 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
01/09/2025	224,527	£27.3050	£27.0950	£27.1882	LSE	GBP
01/09/2025	140,223	£27.2950	£27.0950	£27.1844	Chi-X (CXE)	GBP
01/09/2025	132,809	£27.2950	£27.0950	£27.1798	BATS (BXE)	GBP
01/09/2025	269,691	€31.6500	€31.4550	€31.5479	XAMS	EUR
01/09/2025	230,309	€31.6500	€31.4550	€31.5464	CBOE DXE	EUR
01/09/2025	-	-	-	-	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) 20250901

FAQ

How many shares did Shell (SHEL) purchase on September 1, 2025?

Shell purchased 997,559 shares in total across multiple venues - 497,559 shares on London exchanges (LSE, Chi-X, and BATS) and 500,000 shares on European exchanges (XAMS and CBOE DXE).

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

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

What was the price range for Shell's share purchases on September 1, 2025?

On London exchanges, shares were purchased between £27.0950 and £27.3050, while on European exchanges, the price range was €31.4550 to €31.6500.

Who manages Shell's share buyback programme?

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

What regulatory frameworks govern Shell's share buyback programme?

The programme is conducted under UK Listing Rules Chapter 9, EU and UK Market Abuse Regulation (MAR), and related delegated regulations, including post-Brexit provisions.