Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has executed another phase of its share buyback program on August 22, 2025, purchasing shares across multiple trading venues. The company acquired 546,737 shares in GBP across LSE, Chi-X, and BATS venues, and 545,110 shares in EUR through XAMS and CBOE DXE platforms.

The purchases are part of Shell's buyback programme announced on July 31, 2025, which will continue until October 24, 2025. HSBC Bank plc is managing the trading decisions independently, executing both on-market and off-market transactions within pre-set parameters and in accordance with regulatory requirements.

Positive

• None.

Negative

• Capital expenditure on share buybacks reduces cash available for operational investments
• Share repurchases at relatively high price points (up to £27.0550 and €31.3900)

Insights

Corporate Finance Analyst

Shell continues executing its previously announced share buyback program, repurchasing over 1M shares across global exchanges for cancellation.

Shell plc has purchased 1,091,847 of its own shares for cancellation on August 22, 2025, as part of its existing buyback program announced on July 31, 2025. The purchases were made across multiple trading venues with 546,737 shares acquired in GBP on London exchanges (LSE, Chi-X, and BATS) at a volume-weighted average price of approximately £26.92, and 545,110 shares purchased in EUR on European exchanges (XAMS and CBOE DXE) at roughly €31.24 per share.

This share repurchase activity is significant as it represents the ongoing execution of Shell's capital return strategy. Share buybacks typically benefit remaining shareholders by reducing the number of outstanding shares, which can increase earnings per share and potentially support share price. For Shell specifically, this systematic repurchase program demonstrates management's continued commitment to returning value to shareholders despite the inherent volatility in the energy sector.

The current buyback program is being independently executed by HSBC Bank plc through both on-market and off-market mechanisms, with predetermined parameters running from July 31 through October 24, 2025. The structured nature of the program, with its compliance with various regulations including UK Listing Rules and Market Abuse Regulations, indicates a methodical approach to capital allocation that balances shareholder returns with the company's long-term strategic objectives.

Transaction in Own Shares   

22 August, 2025

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Shell plc (the ‘Company’) announces that on 22 August, 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
22/08/2025	246,143	£27.0550	£26.7900	£26.9191	LSE	GBP
22/08/2025	150,896	£27.0500	£26.7900	£26.9277	Chi-X (CXE)	GBP
22/08/2025	149,698	£27.0500	£26.7950	£26.9299	BATS (BXE)	GBP
22/08/2025	331,298	€31.3900	€31.1100	€31.2324	XAMS	EUR
22/08/2025	213,812	€31.3850	€31.1100	€31.2416	CBOE DXE	EUR
22/08/2025	-	-	-	-	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 31 July 2025.

In respect of this programme, HSBC Bank plc will make trading decisions in relation to the securities independently of the Company for a period from 31 July 2025 up to and including 24 October 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 HSBC Bank plc 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

• Shell RNS (Extended) 20250822

FAQ

How many shares did Shell (SHEL) purchase on August 22, 2025?

Shell purchased a total of 1,091,847 shares across multiple venues - 546,737 shares in GBP (LSE, Chi-X, BATS) and 545,110 shares in EUR (XAMS, CBOE DXE).

What is the duration of Shell's current share buyback program?

The current buyback program runs from July 31, 2025 to October 24, 2025, with HSBC Bank plc making independent trading decisions.

What was the highest price Shell paid for shares on August 22, 2025?

Shell paid up to £27.0550 in London and up to €31.3900 in Amsterdam for shares purchased on August 22, 2025.

How is Shell's share buyback program being executed?

The program is executed through both on-market and off-market transactions, managed independently by HSBC Bank plc, in compliance with UK Listing Rules and Market Abuse Regulations.

Which trading venues did Shell use for its share purchases?

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