Transaction in Own Shares

Rhea-AI Summary

Shell plc announced share repurchases on June 6, 2025, as part of its ongoing buyback program. The company purchased a total of 705,000 shares on the London exchanges (LSE, Chi-X, and BATS) at prices ranging from £24.86 to £25.07, and 680,000 shares on European exchanges (XAMS, CBOE DXE, and TQEX) at prices between €29.59 and €29.91. These purchases are part of Shell's buyback programme announced on May 2, 2025, which will run until July 25, 2025. BNP PARIBAS SA is executing the trades independently within pre-set parameters, including both on-market and off-market transactions in accordance with regulatory requirements.

Positive

• Continued execution of share buyback program demonstrates strong commitment to returning value to shareholders
• Multiple trading venues utilized for efficient price execution and liquidity
• Independent execution by BNP PARIBAS SA ensures market compliance and transparency

Negative

• Capital expenditure on buybacks reduces cash available for operational investments or debt reduction

Insights

Corporate Finance Specialist

Shell continues executing its share buyback program, repurchasing 1.39M shares across multiple venues on June 6 as part of their previously announced capital return strategy.

Shell's latest buyback activity shows continued execution of its share repurchase program announced on May 2, 2025. On June 6, the company purchased approximately 705,000 shares across London Stock Exchange and related UK venues at a volume-weighted average price of around £24.95 per share. Simultaneously, Shell acquired approximately 680,000 shares across European exchanges at roughly €29.73 per share.

This repurchase activity is part of Shell's broader capital allocation strategy that balances shareholder returns with maintaining financial resilience and investing in energy transition. Buybacks typically benefit shareholders through enhanced earnings per share by reducing the number of outstanding shares, while also potentially providing share price support.

The shares are designated for cancellation, which permanently reduces Shell's share count rather than holding them as treasury shares. BNP Paribas is executing these purchases independently within pre-set parameters until July 25, 2025, in accordance with market regulations including UK Listing Rules and Market Abuse Regulations.

The buyback approach includes both on-market purchases (standard exchange transactions) and off-market limbs (direct repurchases), providing Shell flexibility in execution while maintaining regulatory compliance. This systematic capital return mechanism demonstrates management's commitment to returning excess cash to shareholders while maintaining compliance with complex cross-border regulatory frameworks following Brexit.

Transaction in Own Shares

6 June, 2025

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Shell plc (the ‘Company’) announces that on 6 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
06/06/2025	463,630	£25.0750	£24.8650	£24.9528	LSE	GBP
06/06/2025	144,960	£25.0750	£24.8600	£24.9591	Chi-X (CXE)	GBP
06/06/2025	96,410	£25.0750	£24.8700	£24.9535	BATS (BXE)	GBP
06/06/2025	415,148	€29.9150	€29.5950	€29.7411	XAMS	EUR
06/06/2025	213,319	€29.9150	€29.5950	€29.7239	CBOE DXE	EUR
06/06/2025	51,533	€29.8950	€29.6000	€29.7315	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 06

FAQ

How many shares did Shell (SHEL) repurchase on June 6, 2025?

Shell purchased approximately 1.385 million shares total: 705,000 shares across London exchanges (LSE, Chi-X, and BATS) and 680,000 shares across European exchanges (XAMS, CBOE DXE, and TQEX).

What was the price range for Shell's share buyback on June 6, 2025?

On London exchanges, shares were purchased between £24.86 and £25.07, while on European exchanges, the price range was €29.59 to €29.91.

When will Shell's current buyback program end?

The current buyback program, which was announced on May 2, 2025, will run until July 25, 2025.

Who is executing Shell's share buyback program?

BNP PARIBAS SA is independently executing the trading decisions for Shell's buyback program.

What are the types of buybacks Shell is conducting?

Shell is conducting both on-market and off-market share repurchases as part of its buyback program.