Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) reports that on 03 November 2025 it purchased and cancelled a total of 1,466,089 shares under its existing buy-back programme. Purchases were executed on LSE (735,106 shares, VWAP £28.4781, high £28.8850, low £28.3000) and XAMS (730,983 shares, VWAP €32.5466, high €32.9400, low €32.3000).

The transactions form part of the on- and off-market limbs of the programme announced 30 October 2025, with Merrill Lynch International making independent trading decisions from 30 October 2025 to 30 January 2026. The programme is conducted under UK MAR and EU MAR rules.

Positive

• 1,466,089 shares purchased and cancelled on 03/11/2025
• On-market executions on LSE and XAMS with disclosed VWAPs
• Buy-back conducted under existing shareholder-approved programme and UK/EU MAR compliance

Negative

• Highest disclosed price paid: €32.9400 on XAMS
• Highest disclosed price paid: £28.8850 on LSE

Insights

Equity Capital Markets Analyst

Shell executed on-market buybacks on 03 November, 2025 within an existing programme running to 30 January, 2026.

The Company purchased 735,106 shares on the LSE at a volume-weighted average of 28.4781 GBP and 730,983 shares on XAMS at a volume-weighted average of 32.5466 EUR.

These trades form part of the announced buy-back programme beginning 30 October, 2025, with Merrill Lynch International authorised to trade independently through 30 January, 2026. The programme will use both on-market and off-market mechanisms and follow applicable EU/UK MAR rules.

Key dependencies and risks include the remaining size and pace of the programme and continued compliance with the stated trading parameters. Watch for further daily breakdowns and total cumulative purchases under the programme over the next three months to assess scale and capital deployment.

Transaction in Own Shares   

03 November, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 03 November, 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
03/11/2025	735,106	28.8850	28.3000	28.4781	LSE	GBP
03/11/2025	-	-	-	-	Chi-X (CXE)	GBP
03/11/2025	-	-	-	-	BATS (BXE)	GBP
03/11/2025	730,983	32.9400	32.3000	32.5466	XAMS	EUR
03/11/2025	-	-	-	-	CBOE DXE	EUR
03/11/2025	-	-	-	-	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 30 October 2025.

In respect of this programme, Merrill Lynch International will make trading decisions in relation to the securities independently of the Company for a period from 30 October 2025 up to and including 30 January 2026.

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 Merrill Lynch International 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

• 2025.11.03 Shell RNS (with fills)

FAQ

How many Shell plc (SHEL) shares were cancelled on 03 November 2025?

Shell cancelled a total of 1,466,089 shares on 03 November 2025.

What were the VWAPs for SHEL share purchases on 03 November 2025?

The VWAPs were £28.4781 on LSE and €32.5466 on XAMS.

Which venues executed Shell (SHEL) buybacks on 03 November 2025?

Purchases were executed on LSE and XAMS (other listed venues showed no trades).

What is the timeframe for Merrill Lynch International to trade under the SHEL buy-back programme?

Merrill Lynch will make independent trading decisions from 30 October 2025 to 30 January 2026.

Under what rules is Shell (SHEL) conducting its 2025 buy-back programme?

The programme is conducted in accordance with UK MAR and EU MAR (as onshored into UK law) and Chapter 9 of the UK Listing Rules.