Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) has announced a share buyback transaction on March 19, 2025, as part of its previously announced share repurchase programme from January 30, 2025. Natixis will independently manage trading decisions for the programme until April 25, 2025.

The buyback includes both on-market and off-market components, operating under pre-set parameters and the company's general authority. The programme complies with UK Listing Rules Chapter 9, EU MAR, UK MAR, and related delegated regulations.

Positive

• Company implementing share buyback program, potentially supporting stock price and returning value to shareholders

Negative

• None.

Insights

Financial Analyst

Shell's ongoing share buyback program continues to progress, with this announcement confirming another round of share repurchases for cancellation on March 19, 2025. This activity is part of the previously disclosed program announced on January 30, which extends through April 25, 2025.

While the announcement lacks specific figures regarding the quantity of shares purchased or prices paid in this particular transaction, it serves as confirmation that Shell remains committed to returning capital to shareholders through its buyback strategy. The program includes both on-market and off-market components, with Natixis making independent trading decisions within pre-established parameters.

Share repurchase programs typically represent a positive indicator for investors as they effectively reduce the number of outstanding shares, potentially increasing earnings per share and share price over time. They also reflect management's confidence in the company's fundamentals and often signal their belief that shares may be undervalued.

For a company of Shell's magnitude, with its $210.6 billion market capitalization, this continuation of the buyback program reinforces the company's capital allocation strategy, balancing between reinvestment in operations, maintaining dividend payments, and returning additional capital through share repurchases.

The structured approach, complying with regulatory frameworks including UK Listing Rules and Market Abuse Regulation requirements, demonstrates proper governance around the program's execution. Investors should view this as part of Shell's broader financial strategy rather than a singular market-moving event.

Transaction in Own Shares

19 March, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 19 March 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
19/03/2025	479,876	£ 27.4600	£ 27.0450	£ 27.3392	LSE	GBP
19/03/2025	81,316	£ 27.4500	£ 27.0350	£ 27.3270	Chi-X (CXE)	GBP
19/03/2025	80,440	£ 27.4550	£ 27.0700	£ 27.3232	BATS (BXE)	GBP
19/03/2025	329,207	€ 32.8850	€ 32.3850	€ 32.7061	XAMS	EUR
19/03/2025	81,149	€ 32.8850	€ 32.4200	€ 32.6862	CBOE DXE	EUR
19/03/2025	0	-	-	-	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 January 2025.

In respect of this programme, Natixis will make trading decisions in relation to the securities independently of the Company for a period from 30 January 2025 up to and including 25 April 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 Natixis on behalf of the Company as a part of the buy-back programme is detailed below.

Enquiries

Media International: +44 (0) 207 934 5550

Media Americas: +1 832 337 4335

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment

• Shell plc Share Buyback RNS_03.19.2025

FAQ

When will Shell's (SHEL) current share buyback program end?

Shell's current share buyback program, managed by Natixis, will run until April 25, 2025.

Who is executing Shell's (SHEL) share buyback program announced in January 2025?

Natixis is independently executing the trading decisions for Shell's share buyback program.

What type of share buyback is Shell (SHEL) conducting in 2025?

Shell is conducting both on-market and off-market share buybacks under pre-set parameters.

What regulatory frameworks govern Shell's (SHEL) 2025 share buyback program?

The program follows UK Listing Rules Chapter 9, EU MAR, UK MAR, and related delegated regulations.