Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) purchased 2,550,000 shares for cancellation on 10 October 2025 as part of its ongoing buy-back programme announced 31 July 2025. Purchases were executed across multiple venues with reported volume‑weighted average prices in GBP and EUR: LSE, Chi‑X (CXE), BATS (BXE), Euronext Amsterdam (XAMS) and CBOE DXE, while TQEX showed no trades.

The programme is being run under pre-set parameters through on‑ and off‑market limbs, with HSBC Bank plc making independent trading decisions for the programme period running to 24 October 2025, and is conducted in accordance with UK MAR and EU MAR rules.

Positive

• 2,550,000 shares purchased for cancellation on 10 October 2025
• Repurchases executed across five trading venues (LSE,CXE,BXE,XAMS,CBOE DXE)
• Buy-back forms part of programme running through 24 October 2025

Negative

• TQEX venue reported no purchases on 10 October 2025
• Filing does not disclose total cash amount spent on 10 October 2025

Insights

Equity Capital Structure Analyst

Shell executed multi-venue share purchases for cancellation under its ongoing buyback; activity reduces share count and returns capital.

The Company bought a total of 2,550,000+ shares across LSE, Chi‑X, BATS, XAMS and CBOE venues on 10/10/2025, with volume weighted average prices around £27.28 and €31.40 depending on venue; the trades form part of the on‑ and off‑market limbs of the buy‑back programme announced 31/07/2025. Buying for cancellation reduces the number of shares outstanding, which mechanically increases per‑share metrics assuming earnings remain unchanged.

Execution depends on the continuing mandate and the independent trading decisions made by HSBC Bank plc through the programme window to 24/10/2025, and compliance with UK MAR/Chapter 9 rules. Key operational risks include timing concentration, execution prices relative to intrinsic value, and the finite programme size; these facts limit how much capital return this action represents on its own. Watch the cumulative cancelled share total and any disclosures of programme size or remaining authority through 24/10/2025 to assess aggregate capital return and its effect on per‑share metrics over the near term.

Transaction in Own Shares   

10 October, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 10 October, 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
10/10/2025	610,729	£27.6650	£26.8950	£27.2816	LSE	GBP
10/10/2025	174,595	£27.6650	£26.9200	£27.5344	Chi-X (CXE)	GBP
10/10/2025	489,676	£27.6500	£26.8950	£27.2483	BATS (BXE)	GBP
10/10/2025	875,913	€31.8950	€30.9950	€31.4004	XAMS	EUR
10/10/2025	399,087	€31.8650	€31.0100	€31.6079	CBOE DXE	EUR
10/10/2025	-	-	-	-	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) 20251010

FAQ

How many shares did Shell (SHEL) buy back on 10 October 2025?

Shell repurchased 2,550,000 shares for cancellation on 10 October 2025.

Which trading venues did Shell use for the SHEL buyback on 10 October 2025?

Trades were executed on LSE, Chi‑X (CXE), BATS (BXE), XAMS and CBOE DXE; TQEX reported no trades.

When does Shell’s current buy‑back programme for SHEL end?

HSBC will make independent trading decisions under the programme up to and including 24 October 2025.

Are the SHEL repurchases on 10 October 2025 part of an on‑ and off‑market programme?

Yes. Purchases form part of the on‑ and off‑market limbs of the existing buy‑back programme announced 31 July 2025.

Did Shell disclose the price range paid per share for the 10 October 2025 SHEL purchases?

Yes. The filing lists highest and lowest prices by venue and volume‑weighted average prices in GBP and EUR for each venue.

Who executed the SHEL buyback trades on behalf of Shell?

HSBC Bank plc executed the trades and will make trading decisions independently during the programme period.