Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) announced a share buyback transaction on May 29, 2025, purchasing a total of 1,860,000 shares across multiple trading venues. The purchases were executed at varying price points: - On LSE, Chi-X, and BATS: approximately 900,000 shares at prices between £24.38-£24.65 - On European venues (XAMS, CBOE DXE, TQEX): about 960,000 shares at €29.13-€29.60 This buyback is part of Shell's previously announced program from May 2, 2025, which will run until July 25, 2025. BNP PARIBAS SA is managing the trading decisions independently, operating within pre-set parameters for both on-market and off-market purchases.

Positive

• Continued execution of share buyback program demonstrates strong commitment to returning value to shareholders
• Multiple venue purchases across UK and European markets shows strategic approach to share repurchases
• Independent management by BNP PARIBAS SA ensures market compliance and professional execution

Negative

• Buyback reduces company's cash reserves available for operations and investments

Insights

Financial Markets Specialist

Shell continues executing its share buyback program, purchasing 1.86M shares across multiple exchanges on May 29.

Shell plc has executed another round of share repurchases as part of its previously announced buyback program. On May 29, 2025, the company purchased approximately 900,000 shares across London-based venues at prices ranging from £24.38 to £24.66, with a volume-weighted average price of about £24.49. Additionally, Shell acquired approximately 960,000 shares across European exchanges at prices between €29.13 and €29.60.

This transaction represents a continuation of Shell's buyback program that was announced on May 2, 2025, which is scheduled to run through July 25, 2025. The program includes both on-market and off-market components, with BNP PARIBAS SA making independent trading decisions within pre-established parameters.

Share buybacks generally create value for shareholders through several mechanisms. By reducing the number of outstanding shares, each remaining share represents a larger ownership stake in the company. This typically improves per-share metrics such as earnings per share. Additionally, buybacks signal management's confidence in the company's financial health and future prospects, as they indicate the company believes its shares represent good value at current market prices.

The buyback is being conducted in accordance with relevant regulations including UK Listing Rules, Market Abuse Regulation, and associated delegated regulations that govern share repurchase programs. These regulatory frameworks ensure transparency and fair market practices during buyback activities.

Transaction in Own Shares

29 May, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 29 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
29/05/2025	607,592	£24.6500	£24.3800	£24.4865	LSE	GBP
29/05/2025	191,894	£24.6550	£24.3900	£24.4896	Chi-X (CXE)	GBP
29/05/2025	100,514	£24.6500	£24.3950	£24.4981	BATS (BXE)	GBP
29/05/2025	586,644	€29.6000	€29.1300	€29.2919	XAMS	EUR
29/05/2025	312,682	€29.6000	€29.1300	€29.3307	CBOE DXE	EUR
29/05/2025	60,674	€29.5950	€29.3100	€29.4960	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 29

FAQ

How many shares did Shell (SHEL) buy back on May 29, 2025?

Shell purchased approximately 1.86 million shares across multiple venues, including about 900,000 shares on UK venues (LSE, Chi-X, BATS) and 960,000 shares on European venues (XAMS, CBOE DXE, TQEX).

What was the price range for Shell's share buyback on May 29, 2025?

In the UK markets, shares were purchased between £24.38-£24.65, while in European venues, the price range was €29.13-€29.60.

When will Shell's current share buyback program end?

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

Who is managing Shell's share buyback program?

BNP PARIBAS SA is independently managing the trading decisions for Shell's buyback program within pre-set parameters.