Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announced a share buyback transaction on May 2, 2025, purchasing a total of 1,750,000 shares across multiple trading venues. The purchases included: - 890,000 shares on London venues (LSE, BATS, Chi-X) at prices between £24.62-£25.39 - 860,000 shares on European venues (XAMS, CBOE DXE) at prices between €28.98-€30.01 The buyback is part of Shell's previously announced share repurchase program, managed independently by BNP PARIBAS SA from May 2 to July 25, 2025. The program includes both on-market and off-market purchases, conducted in accordance with regulatory requirements including EU MAR and UK MAR guidelines.

Positive

• Continued execution of share buyback program demonstrates strong capital return commitment to shareholders
• Multi-venue purchase strategy shows efficient execution of the buyback program
• Independent management by BNP PARIBAS SA ensures market compliance and professional execution

Negative

• Share repurchases reduce company's cash reserves
• Capital spent on buybacks could limit funds available for other investments or growth opportunities

Transaction in Own Shares

2 May, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 2 May, 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
02/05/2025	690,000	£25.3950	£24.6200	£24.9829	LSE	GBP
02/05/2025	100,000	£25.3600	£24.6300	£24.9852	BATS (BXE)	GBP
02/05/2025	100,000	£25.3500	£24.6550	£24.9844	Chi-X (CXE)	GBP
02/05/2025	694,000	€30.0100	€28.9850	€29.4596	XAMS	EUR
02/05/2025	166,000	€29.8800	€28.9850	€29.4510	CBOE DXE	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 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 05 02

FAQ

How many shares did Shell (SHEL) purchase in its May 2, 2025 buyback transaction?

Shell purchased a total of 1,750,000 shares across multiple trading venues, including 890,000 shares on London venues and 860,000 shares on European venues.

What is the duration of Shell's current share buyback program announced on May 2, 2025?

The share buyback program will run from May 2, 2025, to July 25, 2025, managed independently by BNP PARIBAS SA.

What was the price range for Shell's share purchases on May 2, 2025?

On London venues, shares were purchased between £24.62-£25.39, while on European venues, the price range was €28.98-€30.01.

Who manages Shell's share buyback program?

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

What trading venues did Shell use for its May 2, 2025 share purchases?

Shell purchased shares across multiple venues including LSE, BATS (BXE), Chi-X (CXE), XAMS, and CBOE DXE.