Transaction in Own Shares

Rhea-AI Summary

Shell plc (NYSE:SHEL) has executed significant share repurchases across multiple trading venues on August 14, 2025, as part of its previously announced buyback programme. The company purchased a total of 999,823 shares on the London exchanges at prices ranging from £26.21 to £26.415, and 998,925 shares on European exchanges at prices between €30.61 to €30.88.

This share buyback initiative, announced on July 31, 2025, is being independently managed by HSBC Bank plc and will continue through October 24, 2025. The programme includes both on-market and off-market components, operating under UK Listing Rules and Market Abuse Regulations.

Positive

• Strategic share buyback program demonstrates confidence in company's financial position
• Significant daily purchase volume across multiple exchanges shows strong execution capability
• Independent management by HSBC Bank ensures market compliance and trading efficiency

Negative

• Capital expenditure on share buybacks reduces cash available for operational investments
• Share repurchases may limit financial flexibility in uncertain market conditions

Insights

Financial Analyst

Shell continues executing its previously announced share buyback program, repurchasing nearly 2 million shares across various trading venues.

Shell plc has continued implementing its share repurchase program announced on July 31, 2025, buying back approximately 1.99 million shares across multiple trading venues on August 14. The company acquired about 1 million shares on London-based exchanges at prices ranging from £26.21 to £26.42, with volume-weighted average prices around £26.32. Additionally, Shell purchased roughly 999,000 shares on European exchanges at prices between €30.61 and €30.88.

These repurchases are part of Shell's established buyback program that will continue through October 24, 2025, with HSBC Bank independently executing trades within preset parameters. The program includes both on-market purchases (executed within general market repurchase authority) and off-market purchases (conducted under shareholder-approved buyback contracts).

Share buybacks typically signal management's confidence in the company's financial position and often reflect a belief that shares are undervalued. By reducing the number of outstanding shares, buybacks can improve per-share metrics like earnings per share (EPS). This continuation of Shell's buyback program demonstrates the company's ongoing commitment to returning capital to shareholders alongside its dividend payments, supporting its capital allocation strategy in the current energy market environment.

Transaction in Own Shares   

14 August, 2025

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Shell plc (the ‘Company’) announces that on 14 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
14/08/2025	535,087	£26.4150	£26.2100	£26.3209	LSE	GBP
14/08/2025	199,423	£26.4050	£26.2800	£26.3453	Chi-X (CXE)	GBP
14/08/2025	265,313	£26.4050	£26.2100	£26.3066	BATS (BXE)	GBP
14/08/2025	599,182	€30.8800	€30.6100	€30.7407	XAMS	EUR
14/08/2025	399,743	€30.8500	€30.6100	€30.7425	CBOE DXE	EUR
14/08/2025	-	-	-	-	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) 20250814

FAQ

How many shares did Shell (SHEL) purchase on August 14, 2025?

Shell purchased approximately 2 million shares in total: 999,823 shares across London exchanges (LSE, Chi-X, and BATS) and 998,925 shares on European exchanges (XAMS and CBOE DXE).

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

The current buyback program runs from July 31, 2025 through October 24, 2025, with HSBC Bank plc managing the trading decisions independently.

What was the price range for Shell's share purchases on August 14, 2025?

On London exchanges, shares were purchased between £26.21 and £26.415, while on European exchanges, the price range was €30.61 to €30.88.

Who manages Shell's share buyback program?

HSBC Bank plc independently manages the trading decisions for Shell's buyback program within pre-set parameters.

What regulations govern Shell's share buyback program?

The program operates under UK Listing Rules Chapter 9, EU MAR (Market Abuse Regulation), UK MAR, and the Commission Delegated Regulation.