Transaction in Own Shares

Rhea-AI Summary

Shell plc announced a significant share buyback transaction on May 28, 2025. The company purchased a total of 866,000 shares across LSE, Chi-X, and BATS venues in GBP, with prices ranging from £24.40 to £24.64. Additionally, 873,000 shares were acquired across XAMS, CBOE DXE, and TQEX venues in EUR, with prices between €29.24 and €29.53. These purchases are part of Shell's share buyback programme announced on May 2, 2025, which will continue until July 25, 2025. BNP PARIBAS SA is managing the trading decisions independently, with the programme conducted under UK and EU market regulations.

Positive

• Ongoing share buyback program demonstrates strong financial position and commitment to returning value to shareholders
• Multiple trading venues and currencies show broad market coverage and liquidity
• Independent management by BNP PARIBAS SA ensures compliance and professional execution

Negative

• Capital expenditure on buybacks reduces cash available for operational investments
• Share repurchases may limit financial flexibility in case of market downturn

Transaction in Own Shares

28 May, 2025

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Shell plc (the ‘Company’) announces that on 28 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
28/05/2025	551,606	£24.6400	£24.4000	£24.4926	LSE	GBP
28/05/2025	202,189	£24.6150	£24.4000	£24.5103	Chi-X (CXE)	GBP
28/05/2025	112,205	£24.6200	£24.4200	£24.5106	BATS (BXE)	GBP
28/05/2025	507,198	€29.5350	€29.2400	€29.3705	XAMS	EUR
28/05/2025	302,710	€29.5300	€29.2400	€29.3734	CBOE DXE	EUR
28/05/2025	63,092	€29.5150	€29.3300	€29.4084	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 05 28

FAQ

How many shares did Shell (SHEL) buy back on May 28, 2025?

Shell purchased approximately 1.74 million shares in total: 866,000 shares across UK venues (LSE, Chi-X, BATS) and 873,000 shares across European venues (XAMS, CBOE DXE, TQEX).

What is the price range for Shell's share buyback on May 28, 2025?

In the UK markets, shares were purchased between £24.40 and £24.64. In European markets, shares were bought between €29.24 and €29.53.

When will Shell's current share buyback program end?

The current share buyback program, announced on May 2, 2025, will continue until July 25, 2025.

Who manages Shell's share buyback program?

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

What regulations govern Shell's share buyback program?

The program is conducted under UK Listing Rules, EU Market Abuse Regulation (MAR), UK MAR, and related delegated regulations following Brexit.