Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has executed significant share repurchases across multiple trading venues on September 23, 2025, as part of its existing buyback program announced on July 31, 2025. The company purchased a total of 375,000 shares on the London Stock Exchange and affiliated venues at prices ranging from £26.19 to £26.62, and 370,000 shares on European exchanges at prices between €30.175 and €30.67.

The share purchases are being conducted through HSBC Bank plc, which will make independent trading decisions until October 24, 2025. The program includes both on-market and off-market components, operating under UK Listing Rules, EU MAR, and UK MAR regulations.

Positive

• Continued execution of share buyback program demonstrates strong commitment to returning value to shareholders
• Multi-exchange purchase strategy shows efficient capital deployment
• Independent execution through HSBC Bank ensures market compliance and trading objectivity

Negative

• Capital expenditure on buybacks reduces cash available for operational investment
• Share repurchases may indicate limited organic growth opportunities

News Market Reaction – SHEL

+0.69%

1 alert

+0.69% News Effect

On the day this news was published, SHEL gained 0.69%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Transaction in Own Shares   

23 September, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 23 September, 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
23/09/2025	150,291	£26.6200	£26.1900	£26.3865	LSE	GBP
23/09/2025	112,662	£26.6200	£26.1900	£26.3893	Chi-X (CXE)	GBP
23/09/2025	112,047	£26.6200	£26.1900	£26.4077	BATS (BXE)	GBP
23/09/2025	229,000	€30.6700	€30.1750	€30.3717	XAMS	EUR
23/09/2025	141,000	€30.6700	€30.1750	€30.3809	CBOE DXE	EUR
23/09/2025	-	-	-	-	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) 20250923

FAQ

How many shares did Shell (SHEL) purchase on September 23, 2025?

Shell purchased 375,000 shares across London Stock Exchange venues (LSE, Chi-X, BATS) and 370,000 shares on European exchanges (XAMS, CBOE DXE) on September 23, 2025.

What is the price range of Shell's share buybacks on September 23, 2025?

On London venues, shares were purchased between £26.19 and £26.62. On European exchanges, the price range was €30.175 to €30.67.

When will Shell's current share buyback program end?

The current share buyback program, managed by HSBC Bank plc, will continue until October 24, 2025.

How is Shell's share buyback program being executed?

The program is executed through HSBC Bank plc making independent trading decisions, including both on-market and off-market purchases, in compliance with UK Listing Rules and Market Abuse Regulations.

When did Shell announce this buyback program?

Shell announced this share buyback program on July 31, 2025.